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On Hayek and Keynes once again: a reply to Butos & Koppl

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  • Anna Carabelli
  • Nicolo De vecchi

Abstract

This note responds to Butos & Koppl's comment on Carabelli & De Vecchi (2001a). We acknowledge the many points of agreement between our own views on Keynes and Hayek and those of Butos & Koppl (especially as regards Hayek). Here we clarify some points of ours which have been challenged by Butos & Koppl, and introduce new arguments in support of our interpretation of Keynes's rationalism.

Suggested Citation

  • Anna Carabelli & Nicolo De vecchi, 2004. "On Hayek and Keynes once again: a reply to Butos & Koppl," Review of Political Economy, Taylor & Francis Journals, vol. 16(2), pages 249-256.
    • Handle: RePEc:taf:revpoe:v:16:y:2004:i:2:p:249-256
    DOI: 10.1080/0953825042000183226
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    1. Anna Carabelli, 2002. "Speculation and reasonableness: a non-Bayesian theory of rationality," Chapters, in: Shelia C. Dow & John Hillard (ed.), Post Keynesian Econometrics, Microeconomics and the Theory of the Firm, chapter 10, Edward Elgar Publishing.
    2. William N. Butos & Roger G. Koppl, 1995. "The Varieties of Subjectivism: Keynes and Hayek on Expectations," Method and Hist of Econ Thought 9505001, University Library of Munich, Germany, revised 17 May 1995.
    3. William Butos & Roger Koppl, 2004. "Carabelli & de Vecchi on Keynes and Hayek," Review of Political Economy, Taylor & Francis Journals, vol. 16(2), pages 239-247.
    4. Anna Carabelli, 1998. "Keynes on Probability, Uncertainty and Tragic Choices," Cahiers d'Économie Politique, Programme National Persée, vol. 30(1), pages 187-226.
    5. Anna Carabelli & Nicolo De Vecchi, 1999. "'Where to draw the line'? Keynes versus Hayek on Knowledge, ethics and economics," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 6(2), pages 271-296.
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    Cited by:

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    2. Fiorillo Damiano, 2007. "Il capitale sociale nel pensiero di John Maynard Keynes," CESMEP Working Papers 200701, University of Turin.

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