Hicks’ first review of the General Theory

Vol. 34 No. 2 (2014)

Apr-Jun / 2014
Published April 1, 2014
PDF-Portuguese (Português (Brasil))
PDF-Portuguese (Português (Brasil))

How to Cite

de Castro Soromenho, Jorge Eduardo. 2014. “Hicks’ First Review of the General Theory”. Brazilian Journal of Political Economy 34 (2):327-43. https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/276.

Hicks’ first review of the General Theory

Jorge Eduardo de Castro Soromenho
Professor Associado da FEA-USP.
Brazilian Journal of Political Economy, Vol. 34 No. 2 (2014), Apr-Jun / 2014, Pages 327-343

Abstract

In this article, we present an interpretation of the Hicks' first review of Keynes´s General Theory. First we analyze the influence of Hayek's theory on the work of Hicks. We show how Hicks, reflecting on the Austrian theory of the business cycle, created the concepts of "week" and temporary equilibrium. Then we discuss how the author reformulated these concepts of time and equilibrium to interpret the General Theory.

JEL Classification: B22. 


Keywords: John Hicks Keynesian economics