
This Remarkable Volume Provides A Critical Assessment Of Neoclassical Synthesis, Long Regarded As The Standard Interpretation Of Keynes. Taking Issue With This Orthodoxy, The Author Offers A Unique Interpretation Of The Foundation Of Modern Macroeconomics, Arguing That The Subject Derives From The Conflict Between Two Research Programmes Inspired By Different Paradigms In Physics: The Newtonian Programme Of Hicks And The Einsteinian Approach Of Keynes. Original And Provocative In Its Reflections, Keynes And The Neoclassical Synthesis Not Only Offers A Fresh Interpretation Of Keynes But Makes An Important Contribution To Debates Within Post-keynesian Economics. It Will Thus Be Of Interest To All Those Interested In Keynes' Place In The History Of Economic Thought And Macroeconomic Methodology.
This book investigates the theoretical foundations of modern macroeconomics by challenging the standard Neoclassical Synthesis interpretation of John Maynard Keynes. Dario Togati, an economist specializing in the history of economic thought, utilizes a comparative framework to analyze the evolution of macroeconomic theory. He argues that the discipline is defined by a fundamental conflict between two distinct research programs: the Newtonian approach championed by John Hicks and the Einsteinian approach attributed to Keynes. By mapping these paradigms onto economic methodology, the author seeks to reorient the understanding of Keynesian economics within the broader history of the field.
What You Will Find
Experts in the history of economic thought recognize this work as a specialized contribution to the debate over macroeconomic methodology. Readers frequently note the academic density of the prose, which requires a strong background in economic theory to fully grasp the author's paradigm-based critique.
Page Count:
416
Publication Date:
1998-01-01
Publisher:
Taylor & Francis Group
ISBN-10:
0203217128
ISBN-13:
9780203217122
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