Keynes and Sraffa on own-rates : a present-day misunderstanding
Grieve, Roy H. (2015) Keynes and Sraffa on own-rates : a present-day misunderstanding. Contributions to Political Economy, 34 (1). pp. 1-16. ISSN 1464-3588 (https://doi.org/10.1093/cpe/bzv002)
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Scholars, who in recent years have studied the Sraffa papers held in the Wren Library of Trinity College, Cambridge, have concluded from Sraffa's critical-though unpublished-observations on Chapter 17 of Keynes's General Theory that he rejected Keynes's central proposition that the rate of interest on money may come to 'rule the roost', thus dragging the economy into recession. While Sraffa does express dissatisfaction with Chapter 17, the commentators have, we believe, misunderstood his concern: we suggest he was unhappy with Keynes's use of 'own-rates' rather than with the substance of the theory developed in Chapter 17.
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Item type: Article ID code: 54388 Dates: DateEvent2015Published15 May 2015Published OnlineSubjects: Social Sciences > Economic Theory Department: University of Strathclyde > University of Strathclyde
Strathclyde Business School > EconomicsDepositing user: Pure Administrator Date deposited: 30 Sep 2015 09:24 Last modified: 11 Nov 2024 11:12 Related URLs: URI: https://strathprints.strath.ac.uk/id/eprint/54388