Keynes: formular teorías para diseñar políticas

Sheila Dow

El Trimestre Económico, 2025, vol. 92 (1), issue 365, 213-234

Abstract: Keynes made a unique contribution to thought about economic policy in three important respects. First, he spearheaded a new line of thought on macroeconomic theory and policy-making, which involved a more active role for the state. Second, he was actively engaged at the centre of economic policy-making in the UK in both the domestic and international spheres. Third, drawing on his work in philosophy, the content of his macroeconomics, and his policy-making experience, Keynes developed a distinctive two-stage approach to the relationship between theory and policy. The article focuses on this third aspect, illustrating it by exploring how Keynes addressed issues such as domestic and international monetary reform. It is argued that Keynes’ methodology as a theorist was geared towards facilitating policy application. Employing practical reason, Keynes paid particular attention to policy context in order to identify how the theory might need to be modified for application rather than seeking universal application. In a further departure from the emerging positivism in economics, Keynes kept the nature and implications of his political philosophy and also the role of social institutions on the surface.

Keywords: Keynes; economic policy. (search for similar items in EconPapers)
JEL-codes: B31 B4 E00 (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.eltrimestreeconomico.com.mx/index.php/te/article/view/2669

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:elt:journl:v:92:y:2025:i:365:p:213-234

Ordering information: This journal article can be ordered from
Order print issues directly in our web page or with Guadalupe Galicia at Fondo de Cultura Económica, El Trimestre Económico, Carretera Picacho Ajusco 227, 2° piso, Col. Bosques del Pedregal, CP 14738, Tlalpan, Ciudad de México
http://www.eltrimestreeconomico.com.mx

DOI: 10.20430/ete.v92i365.2669

Access Statistics for this article

El Trimestre Económico is currently edited by Orlando Delgado Selley, Saúl Escobar Toledo, Jorge Isaac Egurrola and José Valenzuela Feijóo

More articles in El Trimestre Económico from Fondo de Cultura Económica
Bibliographic data for series maintained by Nuria Pliego Vinageras ().