A rejoinder to Tily

  • Marc Lavoie
Keywords: Post-Keynesian, Monetary Policy, Fiscal Policy

Abstract

As everyone knows, Keynes’s General Theory has generated a lot of different interpretations. Geoff Tily presents a brief statement of his own understanding of it in his comment to my paper and he questions my perspective. There are also different strands of post-Keynesianism, as I have myself explained in a number of places. Tily is closest to what has been called Fundamentalist Post Keynesianism. 

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References

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Lavoie, M. and Seccareccia, M. (1988) “Money, interest and rentiers: the twilight of rentier capitalism in Keynes’s General Theory”, In: O. Hamouda and J. Smithin (eds), Keynes and Public Policy After Fifty Years: Volume 2: Theories and Methods, Aldershot: Edward Elgar, p. 145-158.

Minsky, H. P. (1986), Stabilizing an Unstable Economy, New Haven (N.J.): Yale University Press.

Published
2018-01-31
How to Cite
Lavoie, M. (2018). A rejoinder to Tily. Brazilian Keynesian Review, 3(2), 164-165. https://doi.org/10.33834/bkr.v3i2.149
Section
Special Session