John Maynard Keynes | Critical Essay by Bill Gerrard

This literature criticism consists of approximately 14 pages of analysis & critique of John Maynard Keynes.
This section contains 8,113 words
(approx. 28 pages at 300 words per page)
Buy the Critical Essay by John Kenneth Galbraith

Critical Essay by Allan G. Gruchy

SOURCE: "J. M. Keynes' Concept of Economic Science," in The Southern Economic Journal, Vol. XV, No. 3, January, 1949, pp. 249-66.

In the following excerpt, Gruchy examines Keynes's economic thought at its various levels of analysis—from his theory of output and employment, to his theory of the capitalist order, to his set of proposals for remedying the capitalist system as it was then operating in Englandillustrating how his views on the nature of economic science adhered to and diverged from the orthodox position of the Cambridge school.

I

Recent attempts to reduce Keynes' economics to the general textbook level raise the very interesting question as to what after all are his views concerning the nature of economic science. If one were to accept the view of economics found in Paul A. Samuelson's Economics, An Introductory Analysis...

(read more)

This section contains 8,113 words
(approx. 28 pages at 300 words per page)
Buy the Critical Essay by John Kenneth Galbraith
Follow Us on Facebook