Economics at your fingertips  

Hicks, a Teoria Geral e a Teoria Geral generalizada

Hicks, the General Theory and the generalization of the General Theory

Claudia Heller ()

MPRA Paper from University Library of Munich, Germany

Abstract: Despite the most common interpretation of John Hicks´s formalization of the General Theory that it was mainly oriented to achieve "mathematical elegance", this paper shows that Hicks´s results are based on theoretical arguments and specific causality relations. Hicks acknowledges the importance of the "liquidity preference doctrine" and examines the effects of investment on income (the multiplier) as well as the effects of income on investment (the accelerator). Our interpretation of Hicks´s formulation and especially of the role of the rate of interest rate in his paper avails the understanding of the success of the so-called "neoclassical synthesis".

JEL-codes: B2 B22 (search for similar items in EconPapers)
Date: 2007
New Economics Papers: this item is included in nep-hpe
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link) original version (application/pdf) revised version (application/pdf)

Related works:
Journal Article: Hicks, A Teoria Geral e A Teoria Geral Generalizada (2007) Downloads
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:

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().

Page updated 2022-10-12
Handle: RePEc:pra:mprapa:3286