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KEYNESIAN METHODOLOGY, SOCIAL PHILOSOPHY AND UTOPIAN CAPITALISM

Leonard Pluta (Department of Economics, St Francis Xavier University, Antigonish, Nova Scotia, Canada)
Santo Dodaro (Department of Economics, St Francis Xavier University, Antigonish, Nova Scotia, Canada)

Humanomics

ISSN: 0828-8666

Article publication date: 1 February 1992

Abstract

Introduction In addition to his economic analysis, a key component of Keynes's intellectual legacy is his methodology, derived from the fusion of social philosophy and vision with politics, public policy concerns and economic analysis, which he employed to offer a solution to the most fundamental and pressing problems of his time. In effect, such a methodology constitutes, in spite of Keynes's opposition to classical economics, a rediscovery, and adaptation of the one used by the classical school of political economy, which had been abandoned as a consequence of the onslaught of the “neo‐classical” revolution in the late 1800s with its strict focus on “scientific” or positive economics.

Citation

Pluta, L. and Dodaro, S. (1992), "KEYNESIAN METHODOLOGY, SOCIAL PHILOSOPHY AND UTOPIAN CAPITALISM", Humanomics, Vol. 8 No. 2, pp. 49-69. https://doi.org/10.1108/eb006129

Publisher

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MCB UP Ltd

Copyright © 1992, MCB UP Limited