Conditional validity of the equilibrium in Keynes' General Theor

Vol. 29 No. 3 (2009)

Jul-Sep / 2009
Published July 1, 2009
PDF-Portuguese (Português (Brasil))
PDF-Portuguese (Português (Brasil))

How to Cite

Moreira, Ricardo Ramalhete. 2009. “Conditional Validity of the Equilibrium in Keynes’ General Theor”. Brazilian Journal of Political Economy 29 (3):153-72. https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/491.

Conditional validity of the equilibrium in Keynes' General Theor

Ricardo Ramalhete Moreira
Doutorando em Economia no IE/UFRJ e professor na Universidade Federal do Espírito Santo
Brazilian Journal of Political Economy, Vol. 29 No. 3 (2009), Jul-Sep / 2009, Pages 153-172

Abstract

 It discusses that the equilibrium in Economics, as a method of analysis, has a conditional utility, when it is not necessary its association with ideal situations and with a constancy of structural parameters of the system. Keynes (1936) appears as an example of a good utilization of that method, for he doesn't link it with notions of social potmum or with a necessary system's structural stability.

JEL Classification: B40; E12.


Keywords: equilibrium social optimum structural change Keynes