Erik Lindahl's approach to macroeconomics focused on the non-neutrality of monetary policy (in the short and the long run) and on the denial of the existence of natural rates of interest and unemployment. From the 1920s until his death in 1960, Lindahl advocated the use of norms for monetary...

This essay analyses early reactions put forward by Cambridge economists David Champernowne and Joan Robinson to J. M. Keynes's treatment of the labour market in The General Theory. Champernowne's and Robinson's critical reactions represented attempts to fill the gap of the determinants of...