Abstract
Carabelli & De Vecchi dispute competing interpretations of Keynes and Hayek, including ours. They mistakenly impute to us the view that Keynes was inconsistent. They deny that Keynes had a subjectivist theory of expectations by noting his rationalist philosophy. We agree that Keynes had a rationalist philosophy, but deny that this implies an objectivist theory of economic expectations. We persist in viewing Keynes as a subjectivist regarding expectations. This short paper reviews these issues and a few other contentious matters regarding Keynes and Hayek.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 239-247 |
| Number of pages | 9 |
| Journal | Review of Political Economy |
| Volume | 16 |
| Issue number | 2 |
| DOIs | |
| State | Published - Apr 2004 |
| Externally published | Yes |
ASJC Scopus subject areas
- Economics, Econometrics and Finance (miscellaneous)
- Political Science and International Relations