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Erratum:

Year 2023, Volume: 15 Issue: 28, 107 - 115, 03.10.2023
The original article was published on January 1, 2018. https://dergipark.org.tr/en/pub/marufacd/issue/39171/460686

Erratum Note

Abstract

References

  • BURNS, Arthur, F., MITCHELL, Wesley C., “Measuring Business Cycles” (1946). National Bureau of Economic Research, ISBN: 0-870-14085-X. BEAUDRY, Paul, GALIZIA, Dana and PORTIER, Franck. (2017) "Reconciling Hayek's And Keynes Views Of Recessions." Review of Economic Studies, 1-38. DEARDORFF, Alan V. (2000). "The Economics Of Government Market Intervention, And Its International Dimension." Research Seminar In International Economics, University of Michigan. HANS, V. Basil. (2014). “State And The Market – Debate And Developments." SSRN, E-Journal, January 2, 2014.1-12. JAHAN, Sarwat, Chris PAPAGEORGIOU. (2014). "What Is Monetarism? - Back To Basics” IMF, Finance & Development, Vol 51, No 1. March.1-2. JAHAN, Sarwat, MAHMUD, Ahmed Saber and Chris PAPAGEORGIOU. (2014). "What Is Keynesian Economics? - Back To Basics” IMF, Finance & Development, Vol 51, No 3., September. JEVONS, William Stanley. “The Solar Period and the Price of Corn (1875)”. Investigations in Currency and Finance. London: Macmillan, 1909. MANKIW, N. Gregory, “What Would Keynes Have Done?” (2008). The New York Times, 28 November. PETTINGER, Tejvan. (2017). "Causes Of Business Cycle." Economics Help. Web. 10 November 2017. STEFANO. Eusepi and PRESTON Bruce. (2011). "Expectations, Learning And Business Cycle Fluctuations." National Bureau Of Economic Research. American Economic Review, American Economic Association, vol. 101(6). STIGLITZ, Joseph E. (2013). “The Global Financial Crisis has made capital account management more important than ever”. Global Capital. Web. 13 November 2017. STOCK, James H. and WATSON, Mark W., (1998). "Business Cycle Fluctuations In Us Macroeconomics Times Series" National Bureau of Economic Resaarch, Cambridge. SUBHO, Mukher. (2008). “4 Essential Theories of Business Cycles – Discussed!”. http://www.economicsdiscussion.net/, Web. 12 November 2017. Von HAYEK, F. A., & KALDOR, N. (1933). Monetary Theory and The Trade Cycle. London: Jonathan Cape. Von HAYEK, F. A. (2014). The Road to Serfdom: Text and Documents: The Definitive Edition. Routledge. Original Printed April 1945 Edition.
  • Internet Bibliography "Keynes V Hayek: Two Economic Giants Go Head To Head”. (2011). BBC News. Web. 11 November 2017. "Prophets For Today." (2014) The Economist. The Economist Newspaper, 14 Mar. 2014. Web. 11 November 2017. "What Is Austrian Economics?" (2017) Mises Institute. Web. 13. November 2017.

Erratum: Keynes Versus Hayek: on the Appropriateness of Government Intervention in Markets

Year 2023, Volume: 15 Issue: 28, 107 - 115, 03.10.2023
The original article was published on January 1, 2018. https://dergipark.org.tr/en/pub/marufacd/issue/39171/460686

Erratum Note

Sayın Editör, Malumlarınız üzere derginizin 2018 yılı, Cilt 10, sayı 18'de yayınlanan "Keynes Versus Hayek: on the Appropriateness of Government Intervention in Markets" başlıklı makalemizde sonradan biz yazarlar tarafından bazı maddi hataların olduğu gözlemlenmiştir. Bu bağlamda makalemizde aşağıdaki düzeltmeler yapılmış ve makalenin son hali bu mailin ekinde gönderilmiştir. Yapılan düzeltmelere ilişkin açıklamalar aşağıdaki gibidir: 1. Makalemizde anlam bütünlüğünü bozan majör bir değişiklik yapılmamıştır. 2. Yazarlar tarafından sehven yapılan birkaç maddi hata düzeltilmiştir. 3. Metin içinde atıfı belirtildiği halde kaynakçada sehven yer almayan kaynaklar kaynakçaya eklenmiştir. 4. Metin içinde dizgi aşamasında sehven kaydığı düşünülen bazı atıflar yeniden düzenlenmiştir. 5. Atıfta kullanılan ancak linkleri açılmayan internet linkleri güncellenmiştir. 6. Güncellenmesi mümkün olmayan bir internet linkinin yerine anlam bütünlüğünün bozulmaması için başka bir kaynak eklenmiş ve kaynakçada belirtilmiştir. Düzeltme makalemizin yayınlanması hususunu saygılarımla bilgilerinize arz ederim. Doç. Dr. M. Levent YILMAZ

Abstract

In keeping with the pattern of the last century, today we observe staunch and oftentimes vociferous opposition
to even the prospect of state intervention in the market place to either curtail recessionary downturns
or mitigate the corollaries of market failure. To whom or to what is this knee-jerk revulsion to government
interference attributable? Is it justified? And what is the role of government in the contemporary
economy? Figures that have dominated this hemisphere of thought include free-market advocates such as
Friedrich von Hayek. On the other end of the spectrum, personalities like John Maynard Keynes challenged
fundamentally the idea that market economies will automatically adjust to create full employment, in the
process setting the parameters of a debate that rages on into the contemporary era.

References

  • BURNS, Arthur, F., MITCHELL, Wesley C., “Measuring Business Cycles” (1946). National Bureau of Economic Research, ISBN: 0-870-14085-X. BEAUDRY, Paul, GALIZIA, Dana and PORTIER, Franck. (2017) "Reconciling Hayek's And Keynes Views Of Recessions." Review of Economic Studies, 1-38. DEARDORFF, Alan V. (2000). "The Economics Of Government Market Intervention, And Its International Dimension." Research Seminar In International Economics, University of Michigan. HANS, V. Basil. (2014). “State And The Market – Debate And Developments." SSRN, E-Journal, January 2, 2014.1-12. JAHAN, Sarwat, Chris PAPAGEORGIOU. (2014). "What Is Monetarism? - Back To Basics” IMF, Finance & Development, Vol 51, No 1. March.1-2. JAHAN, Sarwat, MAHMUD, Ahmed Saber and Chris PAPAGEORGIOU. (2014). "What Is Keynesian Economics? - Back To Basics” IMF, Finance & Development, Vol 51, No 3., September. JEVONS, William Stanley. “The Solar Period and the Price of Corn (1875)”. Investigations in Currency and Finance. London: Macmillan, 1909. MANKIW, N. Gregory, “What Would Keynes Have Done?” (2008). The New York Times, 28 November. PETTINGER, Tejvan. (2017). "Causes Of Business Cycle." Economics Help. Web. 10 November 2017. STEFANO. Eusepi and PRESTON Bruce. (2011). "Expectations, Learning And Business Cycle Fluctuations." National Bureau Of Economic Research. American Economic Review, American Economic Association, vol. 101(6). STIGLITZ, Joseph E. (2013). “The Global Financial Crisis has made capital account management more important than ever”. Global Capital. Web. 13 November 2017. STOCK, James H. and WATSON, Mark W., (1998). "Business Cycle Fluctuations In Us Macroeconomics Times Series" National Bureau of Economic Resaarch, Cambridge. SUBHO, Mukher. (2008). “4 Essential Theories of Business Cycles – Discussed!”. http://www.economicsdiscussion.net/, Web. 12 November 2017. Von HAYEK, F. A., & KALDOR, N. (1933). Monetary Theory and The Trade Cycle. London: Jonathan Cape. Von HAYEK, F. A. (2014). The Road to Serfdom: Text and Documents: The Definitive Edition. Routledge. Original Printed April 1945 Edition.
  • Internet Bibliography "Keynes V Hayek: Two Economic Giants Go Head To Head”. (2011). BBC News. Web. 11 November 2017. "Prophets For Today." (2014) The Economist. The Economist Newspaper, 14 Mar. 2014. Web. 11 November 2017. "What Is Austrian Economics?" (2017) Mises Institute. Web. 13. November 2017.
There are 2 citations in total.

Details

Primary Language English
Journal Section Makaleler
Authors

Mehmet Levent Yılmaz

Hüseyin Atakan Keskin This is me

Early Pub Date October 2, 2023
Publication Date October 3, 2023
Published in Issue Year 2023 Volume: 15 Issue: 28

Cite

APA Yılmaz, M. L., & Keskin, H. A. (2023). Keynes Versus Hayek: on the Appropriateness of Government Intervention in Markets. Finansal Araştırmalar Ve Çalışmalar Dergisi, 15(28), 107-115.