Abstract
This chapter addresses two related aspects of equilibrium in Keynes’s theory. The first aspect concerns the methodological approach which gives coherence to Keynes’s equilibrium; the second one refers to the burdens posed by Keynesian uncertainty on the specification of equilibrium. A clarification of these aspects is a necessary preliminary step for a positive reconsideration of Keynes’s theory of underemployment equilibrium.
I should like to thank Jan Kregel and Alessandro Roncaglia for valuable comments on the draft presented to the Conference. The main changes introduced with respect to the previous version concern section V, which has been expanded in an attempt to clarify its content.
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© 1992 Mario Sebastiani
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Tonveronachi, M. (1992). Keynes and Equilibrium: A Note. In: Sebastiani, M. (eds) The Notion of Equilibrium in the Keynesian Theory. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-22086-1_3
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DOI: https://doi.org/10.1007/978-1-349-22086-1_3
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