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Keynes's realisms

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  • Ricardo Crespo

Abstract

Some authors pointed to a realist orientation in Keynes's thought. However, since 'realism' is a wide and sometimes equivocal term, one may ask what kind of realism Keynes's realism is. This paper argues that Keynes held to an ontological, logical-semantic and epistemic realism. Whereas ontological realism has metaphysical connections, logical-semantic realism involves a notion of truth, and epistemological realism presupposes a theory of knowledge. The character of the subject matter circumscribes the scope of this last kind of realism. Epistemological realism is related to the role of intuition and convention in Keynes's thought, the meaning and evolution of which is explained.

Suggested Citation

  • Ricardo Crespo, 2008. "Keynes's realisms," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 15(4), pages 673-693.
    • Handle: RePEc:taf:eujhet:v:15:y:2008:i:4:p:673-693
    DOI: 10.1080/09672560802481029
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    References listed on IDEAS

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    1. Vasilev, Aleksandar & Maksumov, Rashid, 2010. "Critical analysis of Chapter 23 of Keynes’s Notes on Mercantilism in The General Theory of Employment, Interest and Money (1936)," EconStor Research Reports 155318, ZBW - Leibniz Information Centre for Economics.
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    Keywords

    Keynes; ontology; epistemology;
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