IDEAS home Printed from https://ideas.repec.org/h/elg/eechap/14489_1.html
   My bibliography  Save this book chapter

Subverting Say's Law. Harlan McCracken and the Commons Keynes connection

In: Financial Instability and Economic Security after the Great Recession

Author

Listed:
  • Steven Kates

Abstract

This timely book rethinks economic theory and policy by addressing the problem of economic instability and the need to secure broadly shared prosperity. It stresses that advancing economics in the wake of the Great Recession requires an evolutionary standpoint, greater attention to uncertainty and expectations, and the integration of finance into macroeconomics. The result is a broader array of policy options – and challenges – than conventional economics presents.

Suggested Citation

  • Steven Kates, 2011. "Subverting Say's Law. Harlan McCracken and the Commons Keynes connection," Chapters, in: Charles J. Whalen (ed.), Financial Instability and Economic Security after the Great Recession, chapter 1, pages 15-27, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:14489_1
    as

    Download full text from publisher

    File URL: https://www.elgaronline.com/view/9780857934833.00010.xml
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. J. M. Keynes, 1937. "The General Theory of Employment," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 51(2), pages 209-223.
    2. Charles J. Whalen, 2008. "John R. Commons and John Maynard Keynes on Economic History and Policy: The 1920s and Today," Journal of Economic Issues, Taylor & Francis Journals, vol. 42(1), pages 225-242, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Roos, Michael W. M., 2015. "The macroeconomics of radical uncertainty," Ruhr Economic Papers 592, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    2. Pierre-Charles Pradier, 2006. "De usu artis conjectandi in jure : quid de oeconomia (politica) ?," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00274325, HAL.
    3. Edward M. Miller, 1993. "Equivocation in Mathematical Economics," The American Economist, Sage Publications, vol. 37(2), pages 62-67, October.
    4. G. Rejikumar & Aswathy Asokan-Ajitha & Sofi Dinesh & Ajay Jose, 2022. "The role of cognitive complexity and risk aversion in online herd behavior," Electronic Commerce Research, Springer, vol. 22(2), pages 585-621, June.
    5. Alejandro López-Vera & Andrés D. Pinchao-Rosero & Norberto Rodríguez-Niño, 2018. "Non-Linear Fiscal Multipliers for Public Expenditure and Tax Revenue in Colombia," Revista ESPE - Ensayos sobre Política Económica, Banco de la Republica de Colombia, vol. 36(85), pages 48-64, April.
    6. Khalil, Elias L., 2010. "The Bayesian fallacy: Distinguishing internal motivations and religious beliefs from other beliefs," Journal of Economic Behavior & Organization, Elsevier, vol. 75(2), pages 268-280, August.
    7. Cordelius Ilgmann & Martin Menner, 2011. "Negative nominal interest rates: history and current proposals," International Economics and Economic Policy, Springer, vol. 8(4), pages 383-405, December.
    8. Laura Alfaro & Anusha Chari & Andrew N. Greenland & Peter K. Schott, 2020. "Aggregate and Firm-Level Stock Returns During Pandemics, in Real Time," NBER Working Papers 26950, National Bureau of Economic Research, Inc.
    9. Dirk Ulbricht & Konstantin A. Kholodilin & Tobias Thomas, 2017. "Do Media Data Help to Predict German Industrial Production?," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 36(5), pages 483-496, August.
    10. Charles J. Whalen, 2012. "Post-Keynesian Institutionalism after the Great Recession," Economics Working Paper Archive wp_724, Levy Economics Institute.
    11. Lawrence A. Boland, 2016. "Econometrics and equilibrium models," Review of Political Economy, Taylor & Francis Journals, vol. 28(3), pages 438-447, July.
    12. Leonardo Boncinelli, 2007. "Choice under Markovian Constraints," Department of Economics University of Siena 516, Department of Economics, University of Siena.
    13. Martha Campbell, 1997. "Marx and Keynes on Money," International Journal of Political Economy, Taylor & Francis Journals, vol. 27(3), pages 65-91, September.
    14. Himounet, Nicolas, 2022. "Searching the nature of uncertainty: Macroeconomic and financial risks VS geopolitical and pandemic risks," International Economics, Elsevier, vol. 170(C), pages 1-31.
    15. Subhadeep Mukhopadhyay, 2023. "Modelplasticity and abductive decision making," Decisions in Economics and Finance, Springer;Associazione per la Matematica, vol. 46(1), pages 255-276, June.
    16. Saad, Mohsen & Samet, Anis, 2020. "Collectivism and commonality in liquidity," Journal of Business Research, Elsevier, vol. 116(C), pages 137-162.
    17. Giuseppe Garofalo, 2014. "Irreducible complexities: from Gödel and Turing to the paradigm of Imperfect Knowledge Economics," Quality & Quantity: International Journal of Methodology, Springer, vol. 48(6), pages 3463-3474, November.
    18. Francesco Chiacchio & Georgios Petropoulos & David Pichler, 2018. "The impact of industrial robots on EU employment and wages- A local labour market approach," Working Papers 25186, Bruegel.
    19. Urban Sušnik, 2016. "Janus Ante Portas," Review of Radical Political Economics, Union for Radical Political Economics, vol. 48(3), pages 417-437, September.
    20. Juan Hernández Andreu & Guido Tortorella Expósito, 2014. "Incertidumbre, ciclo económico y crisis según el enfoque continuista del pensamiento keynesiano [Uncertainty, economic cycles and economic crises according to the continuism approach of Keynesian t," Iberian Journal of the History of Economic Thought, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Dpto. Historia e Instituciones Económicas I., vol. 1(1), pages 44-72, September.

    More about this item

    Keywords

    Economics and Finance;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:elg:eechap:14489_1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Darrel McCalla (email available below). General contact details of provider: http://www.e-elgar.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.