Nano-Foundations of Macroeconomics: Keynes and the Institutional Elements in the General Theory

Revista de Economia, Vol. 32, No. 2, pp. 63-79, 2006

17 Pages Posted: 31 May 2007

See all articles by Huascar Pessali

Huascar Pessali

Federal University of Parana - Department of Economics

Abstract

Chapter 12 of Keynes' General Theory has concepts and analytical links with strong identification with the ones used by the so-called institutional approaches. This essay highlights what seems to have been anticipated by Keynes on the research core of institutional economics, mainly based on his behavioural assumptions.

Keywords: Keynes, Keynesian economics, economic behaviour, institutions, institutionalism

JEL Classification: B25, B31, D01, D02

Suggested Citation

Pessali, Huascar, Nano-Foundations of Macroeconomics: Keynes and the Institutional Elements in the General Theory. Revista de Economia, Vol. 32, No. 2, pp. 63-79, 2006, Available at SSRN: https://ssrn.com/abstract=989851

Huascar Pessali (Contact Author)

Federal University of Parana - Department of Economics ( email )

Av. Pref. Lothario Meissner, 632
Department of Economics
Curitiba, Parana 80210-170
Brazil
+55 41 33604430 (Phone)

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