Keynes and the Ricardian Vice
The paper tries to demonstrate that the fundamental aim of Keynes’ work as an economist was to solve important issues in economic theory and not, as commonly said, to influence public policy. Indeed, his vision of economics as a moral science, that employs introspection and judgements of value, prevents him of committing the Ricardian Vice, so that the Schumpeterian charge is groundless. The work concludes that Keynes was aware of the Senior Indetermination.
JEL Classification: B31; B21.
Keywords: History of economic thought Ricardian vice Keynes senior indeterminacy