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...

I examine John Maynard Keynes' struggle with the doctrine of the classical forced saving during the period 1924-1936 from when he worked on 'A Treatise on Money' to the completion of his 'General Theory'. The forced saving notion has been developed as a key mechanism of how monetary expansion...