An anatomy of the concept of time in Maynard Keynes

Publikation: Working paperForskningpeer review

Resumé

One of the most striking changes in economic thinking which comes primarily with John Maynard Keynes is his explicit focus on time. For example, it appears early in a part of Keynes’ writings that prediction is a very difficult matter. Due to the significant lack of prediction of future uncertainty is thus relatively early a central theme of Keynes’ economic thinking. This fact about prediction also implies that Keynes’ makes a clear distinction between short-term and long-term expectations.
Theory was to be concerned mainly with the present and with short period situations and this explicit attention to the concept of time and subsequent alternative method of analysis has led to a number of innovations in economic thinking. This paper will attack Keynes' handling of the concept of time from three angles: studying his philosophical background, his understanding of society and his development of economic theory.
OriginalsprogDansk
Udgivelses stedMacroeconomic Methodology, Theory and Economic Policy
UdgaveWorking Paper, no 3. 2014
Sider1-16
ISBN (Trykt)9788791646751
ISBN (Elektronisk)9788791646751
StatusUdgivet - 15 mar. 2014

Emneord

  • Keynes, time

Citer dette

Madsen, M. O. (2014). An anatomy of the concept of time in Maynard Keynes. (Working Paper, no 3. 2014 udg.) (s. 1-16). Macroeconomic Methodology, Theory and Economic Policy.
Madsen, Mogens Ove. / An anatomy of the concept of time in Maynard Keynes. Working Paper, no 3. 2014. udg. Macroeconomic Methodology, Theory and Economic Policy, 2014. s. 1-16
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Madsen, MO 2014 'An anatomy of the concept of time in Maynard Keynes' Working Paper, no 3. 2014 udg, Macroeconomic Methodology, Theory and Economic Policy, s. 1-16.

An anatomy of the concept of time in Maynard Keynes. / Madsen, Mogens Ove.

Working Paper, no 3. 2014. udg. Macroeconomic Methodology, Theory and Economic Policy, 2014. s. 1-16.

Publikation: Working paperForskningpeer review

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Madsen MO. An anatomy of the concept of time in Maynard Keynes. Working Paper, no 3. 2014 udg. Macroeconomic Methodology, Theory and Economic Policy. 2014 mar 15, s. 1-16.