) coming. Obviously, the answer is complex, but it must include reference to the evolution of macroeconomic theory over the … leave out the parallel developments in finance theory - with its efficient markets hypothesis - and in approaches to … 12 and 17 of the General Theory. It essentially reduced Keynes to sticky wages and prices, with nonneutral money only in …

about the Quantity Theory of Money, but he hesitated to probe too deeply into the political and ideological elements of its … history, perhaps leading him to underestimate their importance for the theory's evolution. -- money ; Quantity theory ; value … theory ; positive economics ; empiricism ; formalism ; bimetallism ; gold standard ; monetarism …

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 …

's mediocrity. -- Chicago tradition ; quantity theory ; forced saving ; depression …