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A STUDY OF KEYNES'S ECONOMICS -FROM A TREATISE ON MONEY TO THE GENERAL THEORY

Research Project

Project/Area Number 06630010
Research Category

Grant-in-Aid for Scientific Research (C)

Allocation TypeSingle-year Grants
Section一般
Research Field 経済理論
Research InstitutionSophia University

Principal Investigator

HIRAI Toshiaki  Sophia University, Faculty of Economics, Professor, 経済学部, 教授 (60119112)

Project Period (FY) 1994 – 1996
Project Status Completed (Fiscal Year 1996)
Budget Amount *help
¥1,900,000 (Direct Cost: ¥1,900,000)
Fiscal Year 1996: ¥300,000 (Direct Cost: ¥300,000)
Fiscal Year 1995: ¥500,000 (Direct Cost: ¥500,000)
Fiscal Year 1994: ¥1,100,000 (Direct Cost: ¥1,100,000)
KeywordsKeynes / Keynesian Revolution / The General Theory / Wicksell Connection / Monetary Economics / View of the Market Society / A Treatise on Money / Keynes's Theoretical Development / イギリスの経済的衰退 / シュムペーター / ミュルダール / ハイエク / 国際主義 / ケインズ講義録 / ケインズ文書集 / ケインズ全集 / ヴィクセル・コネクション
Research Abstract

The principal objective of this research is to examine Keynes's development as an economic theoretician. Our main work is to analyze the processes of theory-building and re-building which constitute Keynes's intellectual journey from A Treatise on Moneyy (1930) to The General Theory of Employment, Interest and Money (1936). Attention has also be given to such topics as the historical development of various streams of economic theory, economic policy and social philosophy, as well as to British and international history, to the extent that these are germane to a proper understanding of Keynes's contribution to modern economics in the wider perspective. This research entitled A Study of Keynes's Economics - from A Treatise on Money to The General. Theory is composed of seventeen chapters (and four appendixes)-about 750 pages in terms of 80 columns*35 rows. (This research is to be published in the Sophia Economic Review (Nos. 1 and 2.1997 ; Nos. 1 and 2, 1998).
Our main results run as foll … More ws :
1. It is crucially important to pay attention to the question of how Keynes dealt with the relation between profits and the volume of output in the Treatise the importance of this relation, which we call the 'TM supply function', is stressed as expressing the dynamic mechanism. Keynes adhered to this function after the Treatise, in spite of many criticisms. Toward the end of 1932, however, he abandoned the 'TM supply function' though showing some hesitation, and put forward a new formula of a system of commodity markets which led up to the General Theory.
2. The Treatise belongs to the 'Wicksell Connection' which includes Myrdal, Lindahl, Mises, Hayek and others. We regard the Wicksell Connection as monetary economics which is against the neoclassical orthodoxy. The Treatise, however, included two types of argument - the 'Wicksellian-type theory' and 'Keynes's own theory'. Immediately after the Treatise, Keynes abandoned the Wicksellian-type theory, and strove to maintain or improve Keynes's own theory. We regard the Keynes after the Treatise as departing from the Wicksell Connection. The General Theory is completely independent of the Wicksell Connection.
3. The General Theory's revolutionary feature lies in showing, through a presentation of a clear-cut model, that the market economy, left to itself, would remain in underemployment equilibrium. The model shows how the volume of employment is determined based on the equilibrium analysis, contrary to the arguments of Post-Keynesians, the 'Disequilibrium Approach' Keynesians and others. It was not until 1933 that Keynes came to put forward a model of bow the volume of employment is determined. Thereafter Keynes took pains to elaborate his model, going on revising the concept of effective demand, the concept of marginal efficiency of capital. the theory of liquidity preference and others. We traced his efforts to such a meticulous degree. At the same time, however, we argue that in the General Theory Keynes sees the market economy as possessing two contrasting aspects : stability, certainty and simplicity on the one hand ; instability, uncertainty and complexity on the other. Less

Report

(4 results)
  • 1996 Annual Research Report   Final Research Report Summary
  • 1995 Annual Research Report
  • 1994 Annual Research Report
  • Research Products

    (31 results)

All Other

All Publications (31 results)

  • [Publications] 平井俊顕: "A Study of Keynes's Economics (I)" 上智経済論集. 43-1. 67-136 (1997)

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      1996 Final Research Report Summary
  • [Publications] 平井俊顕: "A Study of Keynes's Economics (II)" 上智経済論集. 43-2. 13-121 (1998)

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      1996 Final Research Report Summary
  • [Publications] 平井俊顕: "A Study of Keynes's Economics (III)" 上智経済論集. 44-1. (近刊) (1998)

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      1996 Final Research Report Summary
  • [Publications] 平井俊顕: "A Study of Keynes's Economics (IV)" 上智経済論集. 44-2. (近刊)

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      1996 Final Research Report Summary
  • [Publications] 平井俊顕: "ケインズ講義録(1932-35年)の検討" 上智経済論集. 39. 15-47 (1994)

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      1996 Final Research Report Summary
  • [Publications] 平井俊顕: "ケインズの市場社会観" ソフィア. 43-3. 57-71 (1994)

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      1996 Final Research Report Summary
  • [Publications] 平井俊顕・野口旭編著: "経済学における正統と異端-クラシックからモダンへ" 昭和堂, 374 (1995)

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      1996 Final Research Report Summary
  • [Publications] 平井俊顕・立脇和夫訳: "『ケインズ全集』第27巻-戦後世界の形成(雇用と商品)" 東洋経済新報社, 615 (1995)

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      1996 Final Research Report Summary
  • [Publications] Toshiaki Hirai: "A Study of Keynes's Economics (I)" Sophia Economic Review. Vol.43-1. 67-136 (1997)

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      1996 Final Research Report Summary
  • [Publications] Toshiaki Hirai: "A Study of Keynes's Economics (II)" Sophia Economic Review. Vol.43-2. 13-121 (1998)

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      1996 Final Research Report Summary
  • [Publications] Toshiaki Hirai: "A Study of Keynes's Economics (III)" Sophia Economic Review. Vol.44-1 (forthcoming). (1998)

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      1996 Final Research Report Summary
  • [Publications] Toshiaki Hirai: "A Study of Keynes's Economics (IV)" Sophia Economic Review. Vol.44-2 (forthcoming).

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      1996 Final Research Report Summary
  • [Publications] Toshiaki Hirai: "Keynes's Lecture Notes (1932-35) Examined" Sophia Economic Review. Vol.39. 15-47 (1994)

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      1996 Final Research Report Summary
  • [Publications] Toshiaki Hirai: "Keynes's View of the Market Society" Sophia. Vol.43-3. 57-71 (1994)

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      1996 Final Research Report Summary
  • [Publications] Toshiaki Hirai and Asahi Noguchi eds: Orthodoxy and Heresy in Economics. Shouwado, 374 (1995)

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      1996 Final Research Report Summary
  • [Publications] Toshiaki Hirai and Kazuo Tatewaki trans.: Activities 1940-6 : Shaping the Post-War World : Employment and Commodities. Toyo Keizai, Shiposha, 615 (1995)

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      1996 Final Research Report Summary
  • [Publications] 平井俊顕・野口旭・川俣雅弘: "経済学の諸潮流とその評価の観点について" 専修大学社会科学研究所月報. 第402号. 1-52 (1996)

    • Related Report
      1996 Annual Research Report
  • [Publications] 平井俊顕: "シュムペーターの市場社会観" 上智経済論集. 第41巻第1-2号. 17-50 (1996)

    • Related Report
      1996 Annual Research Report
  • [Publications] 平井俊顕: "「イギリスの経済的衰退」観をめぐって" ソフィア. 第45巻第1号. 68-81 (1996)

    • Related Report
      1996 Annual Research Report
  • [Publications] 平井俊顕・立脇和夫訳: "戦後世界の形成-雇用と商品(ケインズ全集27)" 東洋経済新報社, 634 (1996)

    • Related Report
      1996 Annual Research Report
  • [Publications] 平井俊顕: "シュムペーターの市場社会観" 上智経済論集. 第41巻(近刊). (1995)

    • Related Report
      1995 Annual Research Report
  • [Publications] 平井俊顕: "イギリスの「経済衰退」観をめぐって" ソフィア. 第44巻第4号. 70-83 (1996)

    • Related Report
      1995 Annual Research Report
  • [Publications] 平井俊顕: "ケインズの市場社会観と世界経済" 上智大学経済学会ディスカッション・ペ-パ-. No. 95-3. 1-14 (1996)

    • Related Report
      1995 Annual Research Report
  • [Publications] 平井俊顕: "ケインズ-人と業績" 経済セミナー. No. 493. 6-10 (1996)

    • Related Report
      1995 Annual Research Report
  • [Publications] 平井俊顕・野田旭編: "経済学における正統と異端" 昭和堂, 374 (1996)

    • Related Report
      1995 Annual Research Report
  • [Publications] 平井俊顕・立脇和夫訳: "ケインズ全集第27巻-雇用と商品" 東洋経済学新報社, 595 (1996)

    • Related Report
      1995 Annual Research Report
  • [Publications] 平井 俊顕: "ケインズ講義録(1932-35年)の検討" 上智経済論集. 第39巻. 15-47 (1994)

    • Related Report
      1994 Annual Research Report
  • [Publications] 平井 俊顕: "ケインズの市場社会観" ソフィア. 第43巻第3号. 57-71 (1994)

    • Related Report
      1994 Annual Research Report
  • [Publications] 平井 俊顕: "戦後世界体制の構築をめぐるケインズの活動" 上智経済論集. 第40巻. 15-34 (1995)

    • Related Report
      1994 Annual Research Report
  • [Publications] 平井 俊顕,野口 旭編著: "経済学における正統と異端-クラシックからモダンへ" 昭和堂, 374 (1995)

    • Related Report
      1994 Annual Research Report
  • [Publications] 平井 俊顕,立脇和夫訳: "『ケインズ全集』第27巻-戦後世界の形成(雇用と商品)" 東洋経済新報社, 615 (1995)

    • Related Report
      1994 Annual Research Report

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Published: 1994-04-01   Modified: 2016-04-21  

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