Mainstream interpretations of John Maynard Keynes's General Theory are surveyed. An alternative postclassical interpretation is proposed. Keynes is interpreted as treating classical theory as the valid theory of allocation but this type of theory is of limited relevance for macroanalysis. The...

This paper considers the confusion generated by the interpretations of Keynes's GENERAL THEORY. Drawing on the study of hermeneutics, it is argued that much of the confusion is caused by the adoption of presuppositions, often implicitly, about the nature of interpretation. Another contributory...

This paper suggests that behavior under uncertainty depends not only on rational expectations but also the agent's evaluation of the adequacy of the available evidence on which the expectations are based. It is argued that behavioral functions need to be augmented by a credence variable. This...