What the Entrepreneurial Problem Reveals About Keynesian Macroeconomics
Kates, Steve (ed.). 2016. What’s Wrong with Keynesian Economic Theory? Edward Elgar.
20 Pages Posted: 19 Dec 2017
Date Written: December 14, 2017
I show that Keynesian macroeconomic theory is impossible if we consider (include) entrepreneurship as value creation in markets. Entrepreneurship, I argue, fundamentally undermines the Keynesian analysis.
Keywords: entrepreneurship, Keynesian economics, macroeconomics, spending
JEL Classification: L26, E12
Suggested Citation: Suggested Citation