This paper revisits Keynes’s liquidity preference theory as it evolved from the Treatise on Money to The General Theory … and after, with a view of assessing the theory’s ongoing relevance and applicability to issues of both monetary theory and … policy. Contrary to the neoclassical “special case” interpretation, Keynes considered his liquidity preference theory of …

. Even the currencies of poor nations are galloping upward in $ parity, because they are linked to Euro. This is due to USA …'s approach to control other nations in the world,through unilateral Army power,tie up of domestic markets towards USA, and … Pumping wealth from developed nations. A Notional Balance sheet of USA, balances only with a Loss to the Assets(Debit). This …

) monetary theory, which claims that equality of demand and supply is necessary but not sufficient to clear the market. In … indirect trade, money also must be used. Micro says that price is equal to marginal cost, rejecting trade theory’s claim that … trade is gainful. To remove these and other contradictions, price theory must be repaired. Money’s role in market clearing …