Os debates sobre a natureza da posição de equilíbrio na Teoria Geral de Keynes
Author(s) -
José Luís Oreiro
Publication year - 2006
Publication title -
revista de economia
Language(s) - English
Resource type - Journals
eISSN - 2316-9397
pISSN - 0556-5782
DOI - 10.5380/re.v32i2.7726
Subject(s) - philosophy , humanities , physics
The nature of the equilibrium cum unemployment presented by Keynes in his General Theory is discussed in light of recent debates in macroeconomics. Special attention is paid to the views of James Tobin and Paul Davidson. As a corollary of this discussion, as we conclude, it follows that the essence of the Keynesian revolution is to be sought on the field of economic dynamics. In other words, it is about demonstrating the incapacity of the price system to create nonexplosive behavior in economic systems.
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