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Conventions in Keynes’s theory of goods markets: investment and production decisions

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Keywords
Triple Keywords
Economics
Political economy
Economic theory
Manners and customs
Usages
Folkways
Traditions
Social life and customs
Customs, Social
Ceremonies
Social customs
Person (Philosophy)
Agents
Agent (Philosophy)
Agency (Philosophy)
Affluence
Wealth
Distribution of wealth
Fortunes
Riches

Abstract

David Dequech (2021) Journal of Post Keynesian Economics, Online first Abstract. The role of conventions in Keynes’s theory has been controversial. When dealing with investment and production decisions, Keynes referred to a projective rule that is his main example of convention. In addition, conventions appear in the practical techniques that Keynes attributed to agents concerned with the accumulation of wealth. Two important points have been neglected in existing interpretations. Firs...

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