Samuelson, Keynes and the Search for a General Theory of Economics

Roger Backhouse

Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, 2015, vol. 1, issue 1, 139-153

Abstract: Responding to the claims Keynes made in his “General Theory”, economists debated whether Keynesian economics or classical economics was more general. This paper argues the concept of generality underlying most of this literature differs from that underlying the neoclassical synthesis proposed by Paul Samuelson in “Economics”, and that this in turn differed from the notion of generality found in his “Foundations of Economic Analysis”. No fewer than three ideas of what it means to have a general theory are involved. Copyright Società Italiana degli Economisti (Italian Economic Association) 2015

Keywords: General theory; Keynes; Samuelson; Equilibrium; Neoclassical; Synthesis; A1; B2; B3; B4; D5; E1 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (6)

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DOI: 10.1007/s40797-015-0009-4

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