HES: Re: DISC--Consumption and Investment (opinion)

Fidel Aroche aroche at servidor.unam.mx
Tue Mar 27 12:26:11 EDT 2007


Keynes and his General Theory are interested in the short run, only: Investment 
and construction of capital goods needn't influence any productive process. The 
General Equilibrim model (Walras) doesn't share that perspective. Keynes should 
be understood as preocupied by particular historic circumstances in the 1930s.

Fidel Aroche


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