Against rigid rules - Keynes's economic theory
Muchlinski, Elke ;  ;  Universität <Berlin, Freie Universität> / Fachbereich Wirtschaftswissenschaft

Main titleAgainst rigid rules - Keynes's economic theory
AuthorMuchlinski, Elke
EditorUniversität <Berlin, Freie Universität> / Fachbereich Wirtschaftswissenschaft
No. of Pages22 S.
Series ,2 : Volkswirtschaftliche Reihe
KeywordsHistory of economic thought since 1925, Methodology, Central Banking, Inernational monetary arrangements and instititions
Classification (DDC)337 International economics
AbstractThis paper provides textual evidence of Keynes's position on monetary policy and shaping international monetary relations. One result of my contribution is that the famous dichotomy "rules versus discretion" is of no relevance to his economic theory, because he used the term "rules" not in the meaning of a formal brilliantly designed notion.He definitely made a distinction between non-rigidly-fixed-rules and discretion. I give an explanation why his economic theory is not compatible with principles of constructivism, empiricism and ontological realism by referring to a key term of his economic writings, i.e., discretionary decision.
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FU DepartmentDepartment Business and Economics
Year of publication2003
Type of documentBook
Terms of use/Rights Nutzungsbedingungen
Created at2010-05-11 : 01:54:59
Last changed2016-01-05 : 02:38:02
Static URLhttp://edocs.fu-berlin.de/docs/receive/FUDOCS_document_000000005416