This paper deals with Keynes’ theoretical stance toward classical economics from the viewpoint of effective demand. In the first section, a recap of the pivotal role attributed to overall demand in the dynamics of the business cycle by many economists prior to the “General Theory” is...

This paper concentrates on Keynes’s solution to a version of Boole’s Challenge Problem of 1851. The problem is solved by Keynes mathematically at the end of Chapter 15 of the A Treatise on Probability, 1921. A study of this problem demonstrates Keynes’s understanding of Boole’s technique...