TY - JOUR
T1 - Further issues on the Keynes-Hume connection relating to the theory of financial markets in the General Theory
AU - Carabelli, Anna Maria
AU - Cedrini, Mario Aldo
PY - 2013/12
Y1 - 2013/12
N2 - 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.
AB - 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.
KW - David Hume
KW - John Maynard Keynes
KW - conventions
KW - financial markets
KW - speculation
UR - http://www.scopus.com/inward/record.url?scp=84890429737&partnerID=8YFLogxK
U2 - 10.1080/09672567.2013.792377
DO - 10.1080/09672567.2013.792377
M3 - Article
SN - 0967-2567
VL - 20
SP - 1071
EP - 1100
JO - European Journal of the History of Economic Thought
JF - European Journal of the History of Economic Thought
IS - 6
ER -