"Synteza neoklasyczna” Franco Modiglianiego. Prezentacja i próba oceny

• Authors: Kwiatkowski, Eugrniusz

Title variants

PL

Franco Modigliani’s "Neoclassical Synthesis" - Its Presentation and Attempt at Its Evaluation

Abstracts

EN

The article is an attempt at analysis and evaluation of one of the versions of "neoclassical synthesis" formulated in the forties of the present century by F.Modigliani - a recent Nobel Prize winner. It tries to reconcile the neoclassical and keynesian theories of employment treating the latter as a peculiar case of the neoclassical theory. This finds its expression in the treatment of the keynesian thesis about equilibrium of underemployment as a result of the assumption about rigid nominal wages and, thu s, the assumption being a peculiar case of a more general assumption of neoclassicists since it takes in to account flexible wages. The performed ana lyse s prove th a t Modigliani's concept is not a successful at tempt at synthesis. In fact, it is a concept with neoclassical undertones (it supports neoclassicists' thesis about equilibrium in conditions of fullemployment with flexible wages),which unjustly reduces the entir "keynesian revolution" to a postulate of rigid nominal wages.

• Publisher: Uniwersytet Łódzki. Wydawnictwo Uniwersytetu Łódzkiego
• Journal: Acta Universitatis Lodziensis. Folia Oeconomica
• Year: 1988
• Volume: 84

Dates

published

1988

Contributors

author

Kwiatkowski, Eugrniusz

other

Instytut Ekonomii Politycznej, Uniwersytet Łódzki

Identifiers

URI

http://hdl.handle.net/11089/6545