This paper, written in 1949, deals with the significance of Keynes' General Theory. It is argued that there is nothing revolutionary in the tools of analysis, the methodology, or the assumptions embodied in Keynes' "general theory". The General Theory is revolutionary in the same sense in which...

This paper examines the changing role of the International Monetary Fund (IMF) in the world economy in the 1970s and into the 1980s. Though the IMF was established in 1945 by the Bretton Woods Agreement to aid countries with short term balance of payments problems, its role in recent years has...