|Appears in Collections:
|Economics Journal Articles
|Peer Review Status:
|Keynes, the Long Run and the Present Crisis
|Chick V & Dow S (2013) Keynes, the Long Run and the Present Crisis. International Journal of Political Economy, 42 (1), pp. 13-25. https://doi.org/10.2753/IJP0891-1916420102
|Keynes was always alert to the fact that capitalism, though in his mind the most efficient form of economic organization, was flawed in many respects and often offered its participants no incentive to rearrange matters to bring about a better outcome. In this paper the authors briefly review some of his schemes to illustrate the general shape of his thinking on the flaws of capitalism and their correctives, and then expand on one of his concerns- that over time the marginal efficiency of capital is likely to fall-and show its relevance to the present crisis. They explore his solution, the social control of investment, discuss problems of implementation, and conclude with some general remarks on the future of capitalism.
|The publisher does not allow this work to be made publicly available in this Repository. Please use the Request a Copy feature at the foot of the Repository record to request a copy directly from the author. You can only request a copy if you wish to use this work for your own research or private study.
|2013 chick dow IJPE.pdf
|Fulltext - Published Version
|Under Embargo until 2998-05-01 Request a copy
Note: If any of the files in this item are currently embargoed, you can request a copy directly from the author by clicking the padlock icon above. However, this facility is dependent on the depositor still being contactable at their original email address.
This item is protected by original copyright
Items in the Repository are protected by copyright, with all rights reserved, unless otherwise indicated.
The metadata of the records in the Repository are available under the CC0 public domain dedication: No Rights Reserved https://creativecommons.org/publicdomain/zero/1.0/
If you believe that any material held in STORRE infringes copyright, please contact firstname.lastname@example.org providing details and we will remove the Work from public display in STORRE and investigate your claim.