Joan Robinson and the New Classical Economists as Critics of Keynesian Economics

Steven M. Sheffrin

Chapter 23 in The Economics of Imperfect Competition and Employment, 1989, pp 631-645 from Palgrave Macmillan

Abstract: Abstract Joan Robinson never turned her attention to the writings of the school of new classical economists. It would not be difficult, however, to imagine the nature and tone of a hypothetical essay on such a topic. Her view that the inflation process is largely driven by the evolution of money wages which, in turn, is predominantly influenced by social and political factors, led to a strong rejection of the natural rate hypothesis. The self-conscious application of Walrasian theory which characterizes the new classical economists (not to mention their appellation) would have been particularly galling to her with her well-known views on the sterility of this class of analysis.

Keywords: Interest Rate; Business Cycle; Rational Expectation; Classical Economist; Phillips Curve (search for similar items in EconPapers)
Date: 1989
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:pal:palchp:978-1-349-08630-6_23

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349086306

DOI: 10.1007/978-1-349-08630-6_23

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().