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Ulysses’ journey home to Ithaca: a new metaphor for understanding the General Theory
Cambridge Journal of Economics ( IF 2.273 ) Pub Date : 2020-06-23 , DOI: 10.1093/cje/beaa020
Teodoro Dario Togati 1
Affiliation  

Abstract
This paper argues that in order to remedy the lack of alternative methods in current macroeconomics it is necessary to clarify the ontology of Keynes’s General Theory. One of the reasons why Keynes lost his generality battle is that he left many gaping holes in the ‘correct’ articulation of his research programme—especially in terms of the specification of hard-core ‘cosmological’ beliefs concerning stability, value and aggregate behaviour—yet to be filled by the post-Keynesian literature. In order to start filling the gaps, this paper proposes a new agenda called ‘The General Theory 4.0’ based on the new ‘Ulysses’ journey’ metaphor, which, it shows, is better than alternative ones, such as Farmer’s ‘windy boat’ and Akerlof and Shiller’s ‘rollercoaster’, for improving understanding of Keynes’s book.


中文翻译:

尤利西斯回家伊萨卡的旅程:理解一般理论的新隐喻

摘要
本文认为,为了弥补当前宏观经济学中替代方法的不足,有必要阐明凯恩斯通论的本体。凯恩斯之所以输掉了普遍战役,原因之一就是他在研究计划的“正确”表述中留下了许多空白,尤其是在关于稳定性,价值和总体行为的硬性“宇宙学”信念的规范方面。尚未被后凯恩斯主义文学所填补。为了开始填补空白,本文提出了一个新的议程,称为“一般理论 它以新的“尤利西斯之旅”隐喻为基础的“ 4.0”,它比其他方法更好,例如法默的“风船”,阿克洛夫和席勒的“过山车”,以提高对凯恩斯著作的理解。
更新日期:2020-06-23
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