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  • 标题:KEYNESIAN SYSTEM AND CONTIBUTION OF EXPECTATION TO THE SYSTEM
  • 其他标题:KEYNES SİSTEMİ VE BEKLEYİŞLERİN SİSTEME KATKISI
  • 本地全文:下载
  • 作者:Zübeyir TURAN ; Yusuf Kemal ÖZTÜRK
  • 期刊名称:Ömer Halisdemir Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi
  • 电子版ISSN:2564-6931
  • 出版年度:2016
  • 卷号:9
  • 期号:2
  • DOI:10.25287/ohuiibf.211680
  • 语种:English
  • 出版社:Ömer Halisdemir Üniversitesi
  • 摘要:J. M. Keynes’ famous work was met with enthusiasm,especially among young economists when it was published. Because,the equilibrium at full employment level which was claimed by the Classical theory has been barely visible since the Great Depression. Keynes’ statement on equilibrium under full employmen t is an important advancement for that era. In addition,mentioning of the uncertain future and expectations contained a complete novelty. To act or to decide in an environment of uncertainty represented more than a means to solve a practical problem for Keynes. In that aspect,he rejected the prevailing view of the Classical theory;namely,the idea of rational expectations. As a matter of fact,that dominant view which had settled since first coined by D. Hume was based on a uniform and static expectation model. According to Keynes,the insecure,uncertain and unpredictable nature of the future conflicts with the functioning of a static expectation model. People are obligated to solve the uncertainty of the future due to two important reasons. Those are determination of investment decisions and ensuring the function of money as store of wealth. Indeed,money is really an operational tool according to Keynes and people can also keep their incomes in cash. People are in a position to predict the future interest rates for both variables. On the contrary to the views of rational expectations of the Classical theory,an expectation model which is based on past experiences and peripheral behaviors constituted Keynes’ basic philosophy.
  • 其他摘要:J.M.Keynes,ünlü eserini yayınladığında özellikle genç ekonomistler arasında heyecanla karşılanmıştır. Çünkü Klasik teorinin iddia ettiği tam istihdamda denge,Büyük Buhrandan sonra zor görünür olmuştu. Keynes’in tam istihdam altında dengeden bahsetmesi o d
  • 关键词:Keynes System;The Source of Expectations;Uncertainty;Interest Theory;Liquidity Preference.
  • 其他关键词:Keynes Sistemi;Bek leyişlerin Kaynağı;Belirsizlik;Faiz Teorisi;Lik idite Tercihi
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