This paper shows how Keynes used the neoclassical marginal productivity theory of one variable input, labor, and one fixed input, capital, to embed expectations of future prices and profits in a micro foundation of the theory of purely competitive firms. Keynes then generalized his technical...

Introduction -- From "just a simple farm-boy" to the Ivy League -- Foundations -- Building a Reputation at Minnesota -- Hansen and the New Deal Policies -- In the Service of the State: Unemployment Insurance, the Federal Reserve, & the Employment Act -- Later Trade Cycle Theory: Technical...