Money, Method and Contemporary Post-Keynesian Economics
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Money, Method and Contemporary Post-Keynesian Economics

Edited by Sheila Dow, Jesper Jespersen and Geoff Tily

This volume concentrates on contemporary Post-Keynesian contributions in money, method and economic policy. Post-Keynesian economics shares with Keynes the ambition of understanding the economy as a whole and as an integrated part of society. The book begins by analysing money, banks and finance as dynamic phenomena, followed by chapters focusing on methodological themes such as uncertainty, longer-term issues, sustainability and other non-monetary economic activities.
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Chapter 10: Hicks’s progress from statics to historical time

Mogens Ove Madsen

Abstract

Rereading parts of John R. Hicks’s massive oeuvre is a rather liberating experience because it is both very insightful and also a very self-critical work.1 A centrally-positioned theme of special interest in Hicks’s2 work is the concept of ‘time’. Although this theme has been quite understated in the overall picture of Hicks’s achievements, it certainly deserves attention.3 Early on in his analytical work, Hicks was compared to economists such as Menger and Lindahl. Their inspiration marked Hicks throughout his research. Hicks admits that he spent much time on steady-state economics. He felt he had to learn about this, and the best way was to write out his own version. But in the successive versions that he produced, he was always making some effort to get away from this approach (Hicks 1976).

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