Brady, Michael Emmett - 2011
Keynes chose to base the General Theory on the same type of microeconomic foundations that are contained in A C Pigou …'s The Theory of Unemployment (1933), Part II, Chapters 8-10. This allowed Keynes to make a direct comparison - contrast … between the two models in the appendix to Chapter 19. Pigou used the standard short run, marginal productivity theory of one …