Keynes and the Intellectual Context

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Chapter 6 in The Nature of Macroeconomics, 2000 from Edward Elgar Publishing

Abstract: This book addresses the long absence of a satisfactory theory of macroeconomics. Keynesian theory is not consistent with rational self-interest, but neo-classical economics is unable to explain economic volatility and the trade cycle. Athol Fitzgibbons critiques the leading macroeconomic theories, which he believes are unduly mechanistic because they are incompatible with non-quantitative knowledge.

Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 2000
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Citations: View citations in EconPapers (1)

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