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A critique of pure reason and of practical reason in economics: on the threshold of a third revolution in economic thinking

International Journal of Social Economics

ISSN: 0306-8293

Article publication date: 1 May 2000

Abstract

Looks at the impact John Maynard Keynes and the movement (Keynesian) he started had on the theory and practice of economics in the 1930s and onwards. Identifies respective problems about capitalism and discusses them in depth. States that the monetary and fiscal policies recommended by Keynes have helped the West escape severe social consequences in the aftermath of the Great Depression. Goes on to show how economists after Keynes carried his work forward and upward in the 1940s and 1950s. Closes by stating there is a further, third revolution in economic thinking on the rise.

Keywords

Citation

Rugina, A.N. (2000), "A critique of pure reason and of practical reason in economics: on the threshold of a third revolution in economic thinking", International Journal of Social Economics, Vol. 27 No. 5/6, pp. 521-562. https://doi.org/10.1108/03068290010694921

Publisher

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MCB UP Ltd

Copyright © 2000, MCB UP Limited