Investment decision and methodology: Keynes and neoclassical

The aim of this paper is, in analysing the investment decision, to show how methodological differences can determine differences in the theories and statements about economic events. Two views were chosen, Keynes and neoclassical, and theoretical and methodological comparisons were made. These allow...

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Autor principal: Marco Crocco
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PT
Publicado: Universidade de São Paulo 1998
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spelling oai:doaj.org-article:6c91294f71144199a9ae8a00eaac0c982021-11-24T16:08:23ZInvestment decision and methodology: Keynes and neoclassical0101-41611980-5357https://doaj.org/article/6c91294f71144199a9ae8a00eaac0c981998-06-01T00:00:00Zhttps://www.revistas.usp.br/ee/article/view/117060https://doaj.org/toc/0101-4161https://doaj.org/toc/1980-5357The aim of this paper is, in analysing the investment decision, to show how methodological differences can determine differences in the theories and statements about economic events. Two views were chosen, Keynes and neoclassical, and theoretical and methodological comparisons were made. These allowed the author to conclude that there is a direct relationship between the methodology used by each school of thought and its understanding of the investment process. The paper is structured in five sections. In the first two, the two investment theories are briefly presented. In section three, a theoretical comparison is made aiming to clarify the most important differences. In section four, it is shown that underlying the theoretical differences between the two schools of thought, there is a deeper methodological difference, in such a way that the latter determines the former. Finally, some conclusions are drawn, showing how the methodological differences dictate the theoretical statements. Marco CroccoUniversidade de São PauloarticleinvestmentmethodologyKeynes and neoclassicalEconomics as a scienceHB71-74ENPTEstudos Econômicos, Vol 28, Iss 2 (1998)
institution DOAJ
collection DOAJ
language EN
PT
topic investment
methodology
Keynes and neoclassical
Economics as a science
HB71-74
spellingShingle investment
methodology
Keynes and neoclassical
Economics as a science
HB71-74
Marco Crocco
Investment decision and methodology: Keynes and neoclassical
description The aim of this paper is, in analysing the investment decision, to show how methodological differences can determine differences in the theories and statements about economic events. Two views were chosen, Keynes and neoclassical, and theoretical and methodological comparisons were made. These allowed the author to conclude that there is a direct relationship between the methodology used by each school of thought and its understanding of the investment process. The paper is structured in five sections. In the first two, the two investment theories are briefly presented. In section three, a theoretical comparison is made aiming to clarify the most important differences. In section four, it is shown that underlying the theoretical differences between the two schools of thought, there is a deeper methodological difference, in such a way that the latter determines the former. Finally, some conclusions are drawn, showing how the methodological differences dictate the theoretical statements.
format article
author Marco Crocco
author_facet Marco Crocco
author_sort Marco Crocco
title Investment decision and methodology: Keynes and neoclassical
title_short Investment decision and methodology: Keynes and neoclassical
title_full Investment decision and methodology: Keynes and neoclassical
title_fullStr Investment decision and methodology: Keynes and neoclassical
title_full_unstemmed Investment decision and methodology: Keynes and neoclassical
title_sort investment decision and methodology: keynes and neoclassical
publisher Universidade de São Paulo
publishDate 1998
url https://doaj.org/article/6c91294f71144199a9ae8a00eaac0c98
work_keys_str_mv AT marcocrocco investmentdecisionandmethodologykeynesandneoclassical
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