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Further issues on the Keynes--Hume connection relating to the theory of financial markets in the General Theory

Anna Carabelli () and Mario Cedrini ()

The European Journal of the History of Economic Thought, 2013, vol. 20, issue 6, 1071-1100

Abstract: A basic presupposition of the rediscovery, in the times of the crisis, of chapter 12 of the General Theory is that Keynes's treatment of financial markets, and particularly the use of the notion of convention, represents a crucial novelty in both his economics and philosophy. The article offers complicating remarks to critically discuss this interpretation. In particular, we analyse the complex Keynes--Hume theoretical connection in light of the Keynes--Sraffa correspondence on Hume's Abstract , and emphasise the theoretical legacy of Keynes's 1910 lectures on speculation for the analysis of financial markets in the General Theory .

Date: 2013
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