A Disequilibrium View

James E. Sawyer
Additional contact information
James E. Sawyer: Seattle University

Chapter 3 in Why Reaganomics and Keynesian Economics Failed, 1987, pp 37-52 from Palgrave Macmillan

Abstract: Abstract In his preface to The General Theory Keynes agonized over his ‘long struggle to escape … from habitual modes of thought and expression’. The difficulty, he said, ‘lies, not in the new ideas, but in escaping from the old ones, which ramify, for those brought up as most of us have been, into every corner of our minds’. It was the conventional wisdom of his time that Keynes attacked. Its inability to correct economic dysfunction, coupled with the heroic attempts of its defenders to shelter it from criticism, had led to what Keynes observed to be ‘deep divergences of opinion’ among the professional economists of his time.

Keywords: Comparative Static Analysis; Seed Corn; Saving Function; Investment Function; Feudal Society (search for similar items in EconPapers)
Date: 1987
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-09497-4_3

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349094974

DOI: 10.1007/978-1-349-09497-4_3

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().