Imaginary goods and Keynesian Kaleidics
Rejoinder to Caldwell
Bibliographic Data
| ID | 7276334 |
|---|---|
| Authors | Greg Hill (0000-0002-3022-3737, corresponding author) |
| Year | 2006 |
| Volume | 18 |
| Issue | 4 |
| Pages | 391-398 |
| Publication date | 2006-09-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Critical Review (JOURNAL) |
| Journal identifiers | ISSN: 0891-3811 • E-ISSN: 1933-8007 |
| Publisher | Taylor & Francis (PUBLISHER • GB) |
| DOI | 10.1080/08913810608443667 |
| OpenAlex | W2018998468 |
| Language | EN |
| References cited | 5 |
In his reply to my critical book review, “Don't Shoot the Messenger: Caldwell's Hayek and the Insularity of the Austrian Project,” Bruce Caldwell criticizes my account of Carl Menger's “imaginary goods,” and rejects the line of reasoning I advanced in drawing Keynesian conclusions from Hayekian premises. But Caldwell's proposed methodology for assessing the significance of “imaginary goods” in advanced market economies is ill conceived; and my pathway from Hayek to Keynes merely pursues a thoroughgoing subjectivism to its inexorable conclusion, which is not, as Caldwell suggests, countercyclical fiscal policy
Economics · Epistemology · Keynesian economics · Neoclassical economics · Positive economics · Psychoanalysis · Subjectivism · The Imaginary · Economic Theory and Institutions · Economic Theory and Policy · Philosophy · Political Economy and Marxism · Psychology
| Citation velocity | historical |
|---|---|
| Highly cited | No |