Keynes´s Approach to Macroeconomic Modelling: a Popperian Reconstruction
We review Keynes´s attempt to deal with the `problem of induction´ since his Treatise on Probability and then argue that Popper´s `solution´ to the former, known as Popper´s evolutionary of knowledge and learning, is compatible with Keynes´s adoption of a conventional theory of knowledge in his late...
| Autores: | , |
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| Tipo de recurso: | informe técnico |
| Fecha de publicación: | 2015 |
| País: | España |
| Institución: | Universidad Complutense de Madrid (UCM) |
| Repositorio: | Docta Complutense |
| Idioma: | inglés |
| OAI Identifier: | oai:docta.ucm.es:20.500.14352/27536 |
| Acceso en línea: | https://hdl.handle.net/20.500.14352/27536 |
| Access Level: | acceso abierto |
| Palabra clave: | A12 B41 E03 E12 Popper Keynes Rationality Principle Macro-models Induction Principio de racionalidad Modelos macroeconómicos e inducción Macroeconomía Teorías económicas 5307.14 Teoría Macroeconómica 5307 Teoría Económica |
| Sumario: | We review Keynes´s attempt to deal with the `problem of induction´ since his Treatise on Probability and then argue that Popper´s `solution´ to the former, known as Popper´s evolutionary of knowledge and learning, is compatible with Keynes´s adoption of a conventional theory of knowledge in his later economic writings. We also argue that Keynes´s macro-theory as it appears in both his General Theory and his 1937 QJE paper can be (re)interpreted as an instance of a reformulated version of the `subjectivist´ version of Popper´s `Rationality Principle´ (RPs) according to which agents´ behaviour is appropriate or adequate to the problem-situation as the theorist believes that agents believe the former is. A number of further results follow from the previous arguments. |
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