Katona and Keynes

John E. King

History of Economics Review, 2016, vol. 64, issue 1, 64-75

Abstract: The paper begins with some details of the life and career of George Katona (1901–1981), paying particular reference to his role at the Center for Survey Research at the University of Michigan. I then outline Katona’s criticisms of Keynes with particular reference to the theory of consumption expenditure, and ask what Keynes himself might have made of them. I argue that some of Katona’s strictures are fully justified, but he did not entirely do justice to Keynes. I conclude by suggesting that on this question Katona and Keynes should be regarded as complements, not substitutes.

Date: 2016
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DOI: 10.1080/10370196.2016.1223523

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