TITLE

Keynes' Lack of Historical Perspective

AUTHOR(S)
Hayes, H. Gordon
PUB. DATE
January 1951
SOURCE
Education;Jan1951, Vol. 71 Issue 5, p302
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This article comments on the lack of historical perspective of economist John Maynard Keynes. It argues that one of Keynes' blind spot in respect to institutional development was his apparent lack of appreciation of what his analysis did to drive a wedge between capital funds and industrial equipment. None of his major writings have evidence of a sustained interest in institutional development. His lack of insight in respect to the growth of economic practices obscured his vision.
ACCESSION #
19087037

 

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