http://www.freeassociations.org/
Collected Works of Michal Kalecki: Volume I. Capitalism: Business Cycles and ... - Michal Kalecki - Google ブックス
ドン・パティンキン (Don Patinkin), 1922-1995.
http://cruel.org/econthought/profiles/patinkin.html
Anticipations of the General Theory? And other essays on Keynes, 1982.
Amazon.co.jp: Anticipations of the General Theory: And Other Essays on Keynes: Don Patinkin: 洋書
Vl
Kalecki was a phenomenon. It is his architectonic contributions to the great
intellectual upheaval (in some measure correctly) associated with Keynes'name,
but going far beyond the Kenesian revolution on the planes of economic theory
and policy, that are gaining belated and welcome recognition. A real compliment
to a great scholar is paid when his work is taken seriously and critically even ir the
criticism is in part misguided. Advances in science or economics are not along
straight ascending trend line and more often they resemble a growth cycle.
It has always been my contention that the question of Kalecki's anticipation of
Keynes is of lesser importance than that of the superiority of the Kaleckian
construct over the Keynesian one in several crucial aspects. However, since the
main theme of Don Patinkin's rellective and controversial Anticipations of the
Generat Theory is, as the title indicates, the question of anticipation, we shall pause
here brieily on some of the questions raised by him as to Kalecki's priority of
publication over Keynes. That much of the argument depends on the frame of
ref erence used by Patinkin is inarguable. His standpoint is certainly coloured by
his own (evolving) interpretation of the essence of the'central message'of the
General Theory-an interpretation that I dare say is a narrow one. In a most
scholarly fashion Patinkin (1982, p. 81) admits to that :'I must admit that my
definition has sometimes been criticized as too narrow. This may be true.'One can
understand that Patinkin takes Keynes's Generat Theory as a yardstick for
measuring Kalecki's performance. To many of us, however (no matter how much
we admire Keynes's Mstorical achievement), it is just as legitimate and useful to
take Kalecki's achievement as a yardstick to measure Keynes's performance, as
Johansen (1978) has pointed out-a view also held by Joan Robinson among
others.
If one confines oneself to the questionable comparison of the extent to which
Kalecki anticipated the specilic analytical innovation of the Generat Theory, one
can only repeat after Patinkin (p. 5) that there is no unanimity of answer to the
question of what that innovation was.'Clearly the broader the specilication of the
innovative contribution of the Generat Theory the greater the likelihood of linding
this contribution anticipated.'Patinkin expects to disarm his critics by allowing
that a broader interpretation of the Keynesian message is acceptable. He (p. Bl)
points out, however, that via this route,
if it is enough to speak in general terms about aggregate demand and supply,
then... Keynes'1933 Means 1o Proxrerity. Wickswelr 5 1906 Lectures, and
perhaps even Matthus'writings almost a century before that constitute the
General Theory. Alternatively, if thc General Theory can be identified even
with an imprecision description of the way a decrease in output decreases
saving until it is brought to equality with investment, then keynesdiscovery
of it should be dated with Ms 1931 Harris lecture... And ir the General
Theory is the proposition that an increase in investment generates an equal
amount of saving, then... This theory was Iirst presented in an imprecise form
by Keynes in his 1929 Can Lloyd George Do It? and was then rigorously
developed by Richard Kahn in his celebrated 1931 multiplier article
Patinkin discards several broader interpretations of what constitutes the major
contribution of the Generat Theory (see pp. 6-7). He considers the'central
message'of the Generat Theory to be the explanation of a state of unemployment
equilibrium in a capitalist economy. More speciEcally, he illustrates his argument
by the familiar 45 ° diagram (see p. 10). He (p. 9) contends that what he means by
the theory of e«ective demand is'not only that intersection of the aggregate
demand curve... with the 45 · line determines equilibrium real output at a level
that may be below that of full employment... ; not only that disequilibrium
between aggregate demand and supply causes a change in output and not price
but also (and this is the distinctively novel feature) that the change in output (and
hence income) itself acts as an equilibrating force. That is, if the economy is in a
state of excess aggregate supply--. Then the resulting decline in output, and hence
income, will depress supply more than demand and thus eventually bring the
economy to equilibrium'. Patinkin admits that Keynes did not use this diagram
which is adapted from a 1939 article by Samuelson (1966, p. 1115). Neither did
Keynes use Patinkin's more formal interpretation of Keynes's"central message.'
To wit, that'the theory of efrective demand is concerned not only with the
mathematical solution of the equilibrium equation... But with demonstrating the
stability of this equilibrium as deter mined by the dynamic adjustment equation'
(Patinkin 1982, p. 10).
ドン・パティンキン - Wikipedia
https://ja.wikipedia.org/wiki/ドン%E3%83%BBパティンキンドン・パティンキン(Don Patinkin、1922年1月8日 - 1995年8月7日)は、アメリカのイリノイ州シカゴで生まれた経済学者。のちにイスラエルに移住し、イスラエルの経済学の水準を高めるのに貢献した。
0 Comments:
コメントを投稿
<< Home