Keynes’s investment theory as a micro-foundation for his grandchildren
In contrast with the ‘missing micro-foundations’ argument against Keynes’s macroeconomics, the paper argues that it is the present state of microeconomics that needs more solid ‘Keynesian foundations’. It is in particular Keynes’s understanding of investors’ behaviour that can be fruitfully extended...
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| Format: | Article |
| Language: | English |
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De Gruyter
2020-12-01
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| Series: | Economics : the Open-Access, Open-Assessment e-Journal |
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| Online Access: | https://doi.org/10.5018/economics-ejournal.ja.2020-24 |