Idle Balances and Keynesian Theory
Alexander Dow () and
Scottish Journal of Political Economy, 1988, vol. 35, issue 3, 193-207
J. M. Keynes discussed the ideas of The General Theory at length with R. G. Hawtrey and D. H. Robertson. In their correspon dence, the notion of idle (or inactive) balances figures prominently. Each had a different understanding of what idle balances were and wh at their significance was. This article reviews the debate over idle balances in the 1930s. The suggestion is pursued that the concept of idle balances may still have content, and may, for example, be helpfu l in clarifying a recent debate on the role of finance in Keynesian t heory. Copyright 1988 by Scottish Economic Society.
References: Add references at CitEc
Citations: Track citations by RSS feed
There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:bla:scotjp:v:35:y:1988:i:3:p:193-207
Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0036-9292
Access Statistics for this article
Scottish Journal of Political Economy is currently edited by Tim Barmby, Andrew Hughes-Hallett and Campbell Leith
More articles in Scottish Journal of Political Economy from Scottish Economic Society Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().