A Revision Of Keynes’ Model: The Roots Of Concordian Economics
Revised: 18 June 2023.
The paper on Keynes is brilliant.
. . . . –Prof. John C. Medaille
Money, Banking, and the Economic Process
Surely, there is a reason why, in writing the General Theory, Keynes was in search of “a theory of output as a whole.”1 Without it, one cannot understand money, banking, and the economic process.
Reconciling Keynes and Hayek Through Concordian Economics
Both Keynes’ and Hayek’s shared the belief that there existed a need to revisit the economic discourse that began in the thirties and involved their respective analyses of growth and the business cycle. This paper looks at these topics and discovers some of the deep methodological, cultural, substantive, and ideological roots of the chasm that existed between Keynes and Hayek. The reasons for the chasm are understood with the aid of Concordian economics, a framework of analysis through which prism both Keynesian and Austrian economists might finally have a serious conversation with one another.
