In defence of footnotes - a clarification of a misunderstanding of Keynes's definition of money

Article Abstract:

Keynes's concept of money has been misunderstood and misrepresented due to economists having ignored a footnote where he explains his ideas clearly. When Keynes refers to interest rates as payment to compensate for liquidity loss, he includes a variety of different interest rates, and is not limiting himself to yields on long-term bonds. Bank deposits can be included in a definition of money, though they involve a slight loss of liquidity and yield a small rate of interest. This example illustrates that it is worth reading original works, rather than accounts of those works, so errors do not become implanted as part of academic folk history.

Money, Keynes, John Maynard

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Price rigidity and market-clearing: a conceptual clarification

Article Abstract:

Research is presented concerning the influence of slow adjustment or process rigidity on non-market clearance. The explanation of process rigidity as provided by the Marshallian programme of research is discussed.

Research, Economic aspects, Unemployment, Flexible manufacturing systems, Cost (Economics), Costs (Economics), Rationing

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Sheila Dow's concept of dualism: clarification, criticism and development

Article Abstract:

Dow's concept of dualism is highlighted. The development and criticisms of the Dow's concepts is also explained. The difference between the heuristic dualism and fixed dualism is also specified.

United Kingdom, Keynesian economics, Dualism, Dualism (Philosophy), Dow, Sheila

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