Conditional validity of the equilibrium in Keynes' General Theor

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Ricardo Ramalhete Moreira

Abstract

 It discusses that the equilibrium in Economics, as a method of analysis, has a conditional utility, when it is not necessary its association with ideal situations and with a constancy of structural parameters of the system. Keynes (1936) appears as an example of a good utilization of that method, for he doesn't link it with notions of social potmum or with a necessary system's structural stability.


JEL Classification: B40; E12.

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How to Cite
Moreira, Ricardo Ramalhete. 2009. “Conditional Validity of the Equilibrium in Keynes’ General Theor”. Brazilian Journal of Political Economy 29 (3):153-72. https://periodicos.fgv.br/bjpe/article/view/95626.
Section
Review