JOURNAL ARTICLE
Victoria Chick's Keynes in Time.
Published In: Development & Change, 2023, v. 54, n. 5. P. 1296 1 of 3
Database: Academic Search Ultimate 2 of 3
Authored By: Tily, Geoff 3 of 3
Abstract
This article explores the contributions of Victoria Chick, a post-Keynesian economist, to the understanding and restoration of Keynes's General Theory. Chick's work focused on the methodology of Keynes's work and emphasized the role of time in economic analysis. She challenged prevailing economic orthodoxy and collaborated with other scholars to promote post-Keynesian economics. Chick's impact on development economics was significant, as she helped maintain an alternative foundation for the field. The article also discusses Chick's contributions to theory and policy before and after the global financial crisis, highlighting her critique of traditional Keynesian theories and her emphasis on the importance of production and time in economic analysis. Chick's book, "Macroeconomics after Keynes," restores the General Theory as a theory of a monetary economy in time, taking into account endogenous money and uncertainty. The text also discusses Chick's analysis of monetary economics, particularly her critique of duals in post-Keynesian monetary theory and her emphasis on the relationship between assets and income in macroeconomics. Despite facing criticism, Chick continues to advocate for the relevance of Keynesian economics in understanding the world economy. The text concludes by discussing the failure of orthodox economics and the need for alternative theories, highlighting Chick's advocacy for a post-Keynesian approach that addresses power imbalances and socializes investment. The text also calls for a reevaluation of economic theory and a focus on practical solutions to economic challenges, including the climate crisis and wealth distribution. [Extracted from the article]
Additional Information
- Source:Development & Change. 2023/09, Vol. 54, Issue 5, p1296
- Document Type:Article
- Subject Area:Economics
- Publication Date:2023
- ISSN:0012-155X
- DOI:10.1111/dech.12795
- Accession Number:173971354
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