著者

黒木 龍三

出版者

立教大学

雑誌

立教経済学研究 (ISSN:00355356)

巻号頁・発行日

vol.62, no.2, pp.61-72, 2008-10-10

著者

黒木 龍三

出版者

The Japanese Society for the History of Economic Thought

雑誌

経済学史学会年報 (ISSN:04534786)

巻号頁・発行日

vol.37, no.37, pp.28-43, 1999 (Released:2010-08-05)

参考文献数

33

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In the General Theory, Keynes criticized the classical idea of the automatic adjustment of markets towards full employment, and emphasized the role of the demand side of the market in ensuring the possibility of an underemployment equilibrium. The roots of this criticism can be found already in A Tract on Monetary Reform and A Treatise on Money, though in these works Keynes still maintained the classical equilibrium methodology. After the publication of the Treatise, Keynes deepened the study of the role of money in transactions, and abandoned the classical idea concerning the relationship between savings and investment. In fact, he conceived the idea that savings are generated by investment. According to this new view he espoused, which emphasized the creditdriven nature of the economy, the rate of interest must be equal not to the natural rate of interest but to the monetary one.Professor Izumi Hishiyama proposed the interpretation that Keynes's new idea concerning the determination of the rate of interest could be traced back to the controversy between Hayek and Sraffa. Taking into account Hishiyama's view, in this paper we show that, in his 1937 papers, Keynes implied that the banking system can have only an indirect effect on the level of the long-term interest rate that governs investment, although it can affect, temporarily, the level of industrial activity through the endogenous creation of money and the control of the short-term interest rate.

著者

黒木 龍三 クロキ リュウゾウ Ryuzo Kuroki

雑誌

立教經濟學研究

巻号頁・発行日

vol.69, no.3, pp.197-204, 2016-01

著者

黒木 龍三

出版者

The Japanease Society for the History of Economic Thought

雑誌

経済学史研究 (ISSN:18803164)

巻号頁・発行日

vol.56, no.2, pp.1-27, 2015 (Released:2019-08-26)

被引用文献数

1

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Abstract: Izumi Hishiyama, born in Tokyo in 1923, studied and taught at Kyoto University during most of his career after coming back from World War II. His studies can be split into essentially two fields. The first is his examination of the theories of physiocrats represented by Quesnay and of classical economists such as Ricardo, and Sraffaʼs economics that aimed at the revival of the classical economics into the modern economic science. The second is his study of the Cambridge School, led by Marshall and Keynes, which is considered one of the main streams of modern economics. Hishiyama always tried to keep overall views, such as classical and modern, and orthodox and heterodox. He played an active role in leading Sraffian economics in Japan, introducing Sraffaʼs famous paper on the cost of production, “Sulle relazioni fra cos-to e quantità prodotta,” with his own original introduction, as well as the masterpiece, Pro-duction of Commodities by Means of Commodities. Hishiyama is well known abroad for his pioneering work on Quesnayʼs Tableau Fondamental, called “zig-zag,” which was written in 1960. Here, Hishiyama succeeded in distilling the formulae that depict the main message in “zig-zag” (Hishiyama 1960). Another of Hishiyamaʼs well-known works is his study of the relationship between Keynesʼ first painstaking work, A Treatise on Probability, and Keynesʼ later work, The General Theory (Hishiyama 1969). Here, Hishiyama argued that the system described in A Treatise on Probability should be regarded as an essential element of Keynesʼ thoughts, being coupled with the system in The General Theory. Hishiyamaʼs work on economics is, in a sense, unique and original, even from a global perspective. At first glance, his writings appear very academic and professional. However, af-ter reading them, we learn that it is possible to study economics from a much deeper point of view than is typically the case. JEL classification numbers: B11, B12, B22, B31, B51.

著者

黒木 龍三

出版者

The Japanease Society for the History of Economic Thought

雑誌

経済学史研究 (ISSN:18803164)

巻号頁・発行日

vol.50, no.2, pp.95-96, 2009-02-05 (Released:2010-08-05)

著者

黒木 龍三 吉田 雅明

出版者

経済学史学会

雑誌

経済学史学会年報 (ISSN:04534786)

巻号頁・発行日

vol.36, no.36, pp.158-160, 1998 (Released:2010-08-05)

著者

黒木 龍三

出版者

The Japanese Society for the History of Economic Thought

雑誌

経済学史学会年報 (ISSN:04534786)

巻号頁・発行日

vol.31, no.31, pp.134, 1993 (Released:2010-08-05)

著者

黒木 龍三 クロキ リュウゾウ RYUZO KUROKI

雑誌

立教經濟學研究

巻号頁・発行日

vol.59, no.4, pp.33-55, 2006-03-10