KEYNES'S ECONOMICS AND INSTITUTIONAL ECONOMICS PHILOSOPHICAL, THEORETICAL AND PRACTICAL SIMILARITIES

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MASHHADI AHMAD MAHMOUD; MOTAVASELI MAHMOUD; TAIEBNIA ALI

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Journal: Journal of Economic Research Year:2013 | Volume:48 | Issue:1 Page(s): 159-178

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Information Journal Paper

Title

KEYNES'S ECONOMICS AND INSTITUTIONAL ECONOMICS PHILOSOPHICAL, THEORETICAL AND PRACTICAL SIMILARITIES

Author(s)

MASHHADI AHMAD MAHMOUD | MOTAVASELI MAHMOUD | TAIEBNIA ALI | Issue Writer Certificate

Keywords

INSTITUTIONAL ECONOMICSQ2

UNCERTAINTYQ2

CONVENTIONAL ECONOMICSQ2

KEYNES'S ECONOMICSQ2

GENERAL THEORYQ2

EPISTEMOLOGYQ2

Abstract

After some affluent decades, in the late 1930s, INSTITUTIONAL ECONOMICS began to wane and lost its shining. In the history of economic thought, there are some reasons for this waning. Among these reasons, some economists had declared that the rise of Keynes provoked the premature sunset of institutionalism. Now, this question arises: "Did Keynes's ideas engender the decline of institutionalism or that of Keynesian economics?" It seems that, an intellectual paradigm dispels another paradigm when there are some basic practical, theoretical, and philosophical differences between the two. Are there any traceable signs indicating such differences between institutional doctrines and those of Keynes? These are the main questions examined in this paper. It will be demonstrated that there are some undeniable similarities between KEYNES'S ECONOMICS and INSTITUTIONAL ECONOMICS, namely in philosophical, theoretical and practical arenas.

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APA: Copy

MASHHADI AHMAD, MAHMOUD, MOTAVASELI, MAHMOUD, & TAIEBNIA, ALI. (2013). KEYNES'S ECONOMICS AND INSTITUTIONAL ECONOMICS PHILOSOPHICAL, THEORETICAL AND PRACTICAL SIMILARITIES. TAHGHIGHAT-E-EGHTESADI, 48(1), 159-178. SID. https://sid.ir/paper/12064/en

Vancouver: Copy

MASHHADI AHMAD MAHMOUD, MOTAVASELI MAHMOUD, TAIEBNIA ALI. KEYNES'S ECONOMICS AND INSTITUTIONAL ECONOMICS PHILOSOPHICAL, THEORETICAL AND PRACTICAL SIMILARITIES. TAHGHIGHAT-E-EGHTESADI[Internet]. 2013;48(1):159-178. Available from: https://sid.ir/paper/12064/en

IEEE: Copy

MAHMOUD MASHHADI AHMAD, MAHMOUD MOTAVASELI, and ALI TAIEBNIA, “KEYNES'S ECONOMICS AND INSTITUTIONAL ECONOMICS PHILOSOPHICAL, THEORETICAL AND PRACTICAL SIMILARITIES,” TAHGHIGHAT-E-EGHTESADI, vol. 48, no. 1, pp. 159–178, 2013, [Online]. Available: https://sid.ir/paper/12064/en

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