The road to The General Theory

J. M. Keynes, F. A. Hayek, and the Genealogy of Macroeconomics

Bibliographic Data

ID11122867
AuthorsKEANU TELLES (0000-0002-7689-9839, Universidade de Brasília, corresponding author)
Year2022
Volume42
Issue1
Pages48-70
Publication date2022-03-01
Open AccessYes
TypeARTICLE
VenueBrazilian Journal of Political Economy (JOURNAL)
Journal identifiersISSN: 0101-3157 • E-ISSN: 1809-4538
PublisherFapUNIFESP (SciELO) (PUBLISHER)
DOI10.1590/0101-31572022-3231
OpenAlexW4206295077
SciELOS0101-31572022000100048
LanguageEN
Citations received1
References cited22

The criticism made by Friedrich A. Hayek to A Treatise on Money by John Maynard Keynes, and the subsequent controversy that followed with the involvement of members of the Cambridge Circus, sustained important elements to Keynes’ abandonment of his earlier ideas and to his way to General Theory. The figure and position of Hayek operated to clarify the underlying differences and the new theoretical routes for Keynes, one that was more explicitly opposite to critical authors drawing from Knut Wicksell. To some degree, the road to General Theory was paved in the famous 1931 controversy - in particular the rejection of the Wicksell connection

Abandonment (legal · Criticism · Economic Thought · Economics · General theory · Keynesian economics · Neoclassical economics · Political science · Position (finance · Positive economics · Economic Theory and Institutions · Economic Theory and Policy · Law · Political Economy and Marxism

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Open DOIOpen Access