An Example of Untranslatability: The Conceptual Structures of Marshall’s and Keynes’ Conceptions of Investment

European Journal of the History of Economic Thought, 2004, Vol. 11, No. 1, pp. 79-107

Posted: 12 Sep 2012  

Miguel A. Duran

University of Malaga (Spain)

Date Written: 2004

Abstract

This paper discusses the following two hypotheses. The first one is based on the epistemological proposal which we have named the principle of discontinuity. It asserts that certain developments in the history of economic thought involve theoretical breaks which can only be fully explained by making use of the concept of discontinuity. The second hypothesis concerns one of the consequences drawn from the principle of discontinuity, namely, the untranslatability of concepts.

Besides other theories to which reference is made by way of examples of specific conclusions regarding the principle of discontinuity, the conceptual structures of Marshall’s and Keynes’ conceptions of the determinants of investment are analysed and compared with the aim of illustrating the aforementioned hypotheses.

Keywords: Conceptual structures, Economic methodology, Incommensurability, Keynes, Marshall

JEL Classification: B41, B31, E12, E13, E22

Suggested Citation

Duran, Miguel A., An Example of Untranslatability: The Conceptual Structures of Marshall’s and Keynes’ Conceptions of Investment (2004). European Journal of the History of Economic Thought, 2004, Vol. 11, No. 1, pp. 79-107. Available at SSRN: https://ssrn.com/abstract=1547227

Miguel A. Duran (Contact Author)

University of Malaga (Spain) ( email )

Dpt. Teoria e Historia Economica
Fac. Economicas. Campus de El Ejido
Malaga, 29013
Spain

HOME PAGE: http://webpersonal.uma.es/~maduran/portada.htm

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