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This paper focuses on the institutions advocated by Keynes and Friedman to ensure efficiency. As they do not share the same optimism on the self-adjusting capacity of the economy, we first analyze their respective views on laissez-faire but also the place allowed to semi-public bodies and the...
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According to Favereau (1985), there are two distinct research projects in Keynes’ General theory, one ‘radical’, the other ‘pragmatic’. Keynes would have first elaborated the radical project, then the pragmatic one in favour of which he would have arbitrated. Moreover, Keynes’...
Persistent link: https://www.econbiz.de/10010930415