Skip to main navigation Skip to search Skip to main content

Further issues on the Keynes-Hume connection relating to the theory of financial markets in the General Theory

  • Anna Maria Carabelli
  • , Mario Aldo Cedrini

Research output: Contribution to journalArticlepeer-review

Abstract

A basic presupposition of the rediscovery, in the times of the crisis, of chapter 12 of the General Theory is that Keynes's treatment of financial markets, and particularly the use of the notion of convention, represents a crucial novelty in both his economics and philosophy. The article offers complicating remarks to critically discuss this interpretation. In particular, we analyse the complex Keynes-Hume theoretical connection in light of the Keynes-Sraffa correspondence on Hume's Abstract, and emphasise the theoretical legacy of Keynes's 1910 lectures on speculation for the analysis of financial markets in the General Theory.

Original languageEnglish
Pages (from-to)1071-1100
Number of pages30
JournalEuropean Journal of the History of Economic Thought
Volume20
Issue number6
DOIs
Publication statusPublished - Dec 2013
Externally publishedYes

Keywords

  • David Hume
  • John Maynard Keynes
  • conventions
  • financial markets
  • speculation

Fingerprint

Dive into the research topics of 'Further issues on the Keynes-Hume connection relating to the theory of financial markets in the General Theory'. Together they form a unique fingerprint.

Cite this