期刊名称：Discussion Paper / Département des Sciences Économiques de l'Université Catholique de Louvain
印刷版ISSN：1379-244X
出版年度：2010
卷号：1
出版社：Université catholique de Louvain
摘要：According to Klein, Keynes’s General Theory was crying out for empirical application. He
set himself the task of implementing this extension. Our paper documents the different stages
of his endeavor, focusing on his The Keynesian Revolution book, Journal of Political
Economy article on aggregate demand theory, and his essay on the empirical foundations of
Keynesian theory published in the Post-Keynesian Economics book edited by Kurihara.
Klein’s claim is that his empirical model (the Klein-Goldberger model) vindicates Keynes’s
theoretical insights, in particular the existence of involuntary unemployment. While praising
Klein for having succeeded in making Keynesian theory empirical and dynamic, we argue
that he paid a high price for this achievement. Klein and Goldberger’s model is less
Keynesian than they claim. In particular, Klein’s claim that it validates the existence of
involuntary unemployment does not stand up to close scrutiny.
