IDEAS home Printed from https://ideas.repec.org/p/ctl/louvir/1994020.html
   My bibliography  Save this paper

Overlapping Research Programmes in Keynes's General Theory

Author

Listed:
  • De Vroey, Michel

    (UNIVERSITE CATHOLIQUE DE LOUVAIN, Institut de Recherches Economiques et Sociales (IRES))

Abstract

It has often been argued that Keynes’s General Theory is full of inconsistencies yet their nature has scarcely been explored in detail. In this paper, I argue that Keynes’s basic inconsistency lies in his aiming at bringing together a series of concepts which, with hindsight, prove to be irreconciliable, namely involuntary unemployment, system failure, general equilibrium, demand policy. This indictment of Keynes’s research programme should not be extended, I further argue, to mainstream Keynesian research programmes, because they have abandonned the claim of demonstrating all these concepts together. The overall evolution of Keynesian theory can then be highlighted as a replacement of Keynes’s unique yet contradictory research programme by a handful of (a) more or less overlapping, (b) in principle consistent, (c) yet incomplete research programs against Keynes’s own project.

Suggested Citation

  • De Vroey, Michel, 1994. "Overlapping Research Programmes in Keynes's General Theory," LIDAM Discussion Papers IRES 1994020, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    • Handle: RePEc:ctl:louvir:1994020
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    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:ctl:louvir:1994020. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Virginie LEBLANC (email available below). General contact details of provider: https://edirc.repec.org/data/iruclbe.html .

    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.