IDEAS home Printed from https://ideas.repec.org/p/hal/journl/halshs-00108165.html
   My bibliography  Save this paper

Kahn-Hicks' Criticism Of The Independence Of Prices In Keynes'S Treatise On Money

Author

Listed:
  • Alexander Tobon

    (EconomiX - EconomiX - UPN - Université Paris Nanterre - CNRS - Centre National de la Recherche Scientifique)

Abstract

Keynes formulated the idea that consumer goods prices are independent of prices for new investment goods. This notion was rejected by Kahn, who felt that an independence of this sort stems from certain highly specific hypotheses. Unfortunately, after corresponding with Kahn, Keynes ended up by accepting this criticism. A few years later, Hicks resurrected Kahn's viewpoint when commenting upon the Treatise. The purpose of the present text is to demonstrate that Kahn-Hicks's criticism is incompatible with the central message of the Treatise, since it implies an equality between investment and savings, asserting their identicalness, whereas for Keynes this equality is a condition of monetary equilibrium.

Suggested Citation

  • Alexander Tobon, 2006. "Kahn-Hicks' Criticism Of The Independence Of Prices In Keynes'S Treatise On Money," Post-Print halshs-00108165, HAL.
    • Handle: RePEc:hal:journl:halshs-00108165
    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.

    Other versions of this item:

    More about this item

    Keywords

    Keynes; price; profits; saving; investment;
    All these keywords.

    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:hal:journl:halshs-00108165. 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: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    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.