This book presents an alternative approach to monetary theory that differs from the General Theory of Keynes, the Monetarism of Friedman, and the New Classicism of Lucas. Particular attention is given to the work of Hawtrey and his analysis of financial crises and his explanation of the Great...

Contents: Introduction -- 1. The relevance of The General Theory at 80: economic change and economic theory / Victoria Chick -- 2. Against twisting The General Theory / Maria Cristina Marcuzzo -- 3. The Keynesian unblocking / Robert Skidelsky -- 4. The attacks on The General Theory: how Keynes's...