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 …

The sharp exchanges that Keynes had with some of his critics on the loanable funds theory made it harder to appreciate … which Keynes's A Treatise on Money was a part. In the aftermath of the General Theory (GT), many of Keynes's insights in the … perhaps, of downplaying the importance of the GT. -- Keynesian Monetary Theory ; Liquidity Preference ; Wicksell ; Minsky …