Document Type

Article

Language

eng

Format of Original

17 p.

Publication Date

Spring 2010

Publisher

Erasmus Institute for Philosophy and Economics

Source Publication

Erasmus Journal for Philosophy and Economics

Source ISSN

1876-9098

Abstract

Marshall’s asset equilibrium model provides a way of
explaining the identity of entrepreneurs. Keynes adopted this model but
transformed it when he emphasized the short-period and volatile
character of long-term expectations. This entails a view of entrepreneur
identity in which radical uncertainty plays a central role. This in turn
deepens the post Keynesian view of uncertainty as ontological in that
entrepreneurs’ survival plays into their behavior. This paper explores
this role-based view of individual identity and uses the analysis to
comment on Keynes’s ideas for the socialization of investment and
euthanasia of the rentier in the last chapter of The general theory.

Comments

Published version. Erasmus Journal for Philosophy and Economics, Vol. 3, No. 1 (Spring 2010): 33-49. Publisher Link. © 2010 Erasmus Institute for Philosophy and Economics. Used with permission.

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