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Ricardo, Keynes and Stiglitz: The Epistemological Convergences

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Essays on the Historicity of Capital

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Abstract

Heterogeneity is defined from two temporal dimensions: the first one is related to the evaluation of a stock composed by heterogeneous capitals, in a specific point of time. The second dimension is related to the comparison of the value of some stock of capital in different periods. From such perspective, I will demonstrate why the Ricardian and the Keynesian methods are dynamic while the neoclassical one is, by nature, static.

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Notes

  1. 1.

    In respect to a complete presentation, see Cohen and Harcourt (2003).

  2. 2.

    See Kurz and Salvadori (2014, p. 25).

  3. 3.

    The mathematical systems designed by Bortkiewicz (1959) and Winternitz (1948) allow formulating this conclusion. In this respect, see Herscovici (2002).

  4. 4.

    Orléan (2011, p. 267) enunciates the same observations.

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Authors and Affiliations

  1. Universidade Federal do Espírito Santo, Vitória, Espírito Santo, Brazil

    Alain Herscovici

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  1. Alain Herscovici
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Correspondence to Alain Herscovici .

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Herscovici, A. (2019). Ricardo, Keynes and Stiglitz: The Epistemological Convergences. In: Essays on the Historicity of Capital. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-14838-6_4

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  • DOI: https://doi.org/10.1007/978-3-030-14838-6_4

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  • Publisher Name: Palgrave Macmillan, Cham

  • Print ISBN: 978-3-030-14837-9

  • Online ISBN: 978-3-030-14838-6

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