This paper revisits Keynes's liquidity preference theory as it evolved from the Treatise on Money to The General Theory … and thrift. His point was that it is money, not saving, which is the necessary prerequisite for economic activity in … well beyond both heterodox endogenous money approaches and modern Wicksellian orthodoxy, which remains trapped in the …

principles of post-Keynesian endogenous money theory. This paper argues that the most important critical component of post …