In this paper we contrast the received view according to which Walras' and Marshall's approaches to price theory, while … shown to be at variance with Marshall's assumptions and conception. In the second place, it will be shown that, starting …' characteristics and the nature of the commodities involved, one of which must be money or a money-like commodity, Marshall can indeed …

In Chapter 17 of the General Theory (henceforth GT) Keynes tries to generalize the standard GT model, which can be … choice and capital-asset pricing based on a newly devised notion of “own rate of interest”. Yet Keynes’ attempt can hardly be … regarded as successful: in fact, soon after the publication of the GT, Keynes himself apparently gives up defending the …