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 …

Chapters 8, 9 and 10 set out Keynes’ theory of consumer behavior. Chapter 8 is entitled The Propensity to Consume: I …

This paper compares and contrasts the thinking of Keynes and Geoffrey Ingham, focussing mainly on The General Theory … underpins the crucial distinction between money and ‘real’ wages for the theory of employment but also develops Keynes …

ideal commodity bundle. Irving Fisher also developed and advocated the impatience theory of interest. But in OLG economies …

ideal commodity bundle. Irving Fisher also developed and advocated the impatience theory of interest. But in OLG economies …

John Maynard Keynes's liquidity preference theory, Kregel argued that such rejection leaves the relation between money and … capital asset prices, and thus investment theory, hanging. This paper extends Kregel's analysis to an examination of the role … requires an extension of the circuit theory of money, along the lines of the credit and state money approaches of modern …

money and finance in the theory of income and expenditure are critically examined. The Sraffian dichotomic interpretation of … from the analysis: the illegitimacy of Marx’s asymmetrical treatment of constant and variable capital in the theory of … this perspective the traditional approaches to monetary theory and policy are indicated. …

Keynes’s Treatise optimism was misplaced, and that his more nuanced, skeptical, position in the General Theory was more …