In Chapter 4 of the General Theory, Keynes discusses the units of measurement he will be using in the remainder of the …

Chapters 8, 9 and 10 set out Keynes’ theory of consumer behavior. Chapter 8 is entitled The Propensity to Consume: I … Propensity to Consume and the Multiplier. Contrary to the widely held belief, Keynes saw the consumer as an intertemporally …

This paper puts John Maynard Keynes’ "The General Theory of Employment, Interest and Money" into its historical context … background to the General Theory, looks at the influence of other economists of the period on the evolution of Keynes’ thought … were debating issues very similar to the ones with which Keynes was wrestling. …

Chapter 2 is one of the most important chapters in the General Theory. Not only does it set out Keynes’ disagreements … key part in the way Keynes’ theoretical model is developed here. This chapter introduces Keynes’ concept of involuntary … consequent cyclicality of the real wage. Chapter 2 also includes Keynes’ discussion of Say’s Law. …

Chapter Six and its Appendix deal in some detail with the way Keynes is defining income, savings and investment in the … cost is the place where Keynes sees firms taking account of the future consequences of their current production decisions …, contain a forward looking element. Chapter 7 returns to the concepts of saving and investment, relates Keynes’ definitions to …

York in 1929, his views on monetary policy in 1931, on fiscal policy and public works in 1932, his reaction to Keynes … policy views of Keynes. At an early stage, he recommended expansionary fiscal and monetary policies including public works …

The paper considers Keynes’s major contributions before "The General Theory", namely "A Tract on Monetary Reform" and … this that Friedman radically objected. We identify the main areas in which Keynes departed from the mainstream theory of … the time, and show how Friedman attempted to undermine each of Keynes’s major contributions and the extent to which he was …

While Keynes can be considered the true father of the “unorthodox” monetary policies introduced by the Bank of Japan … and the Federal Reserve, these policies also provide the test of their efficacy that Keynes called for. They suggest that … Keynes’s Treatise optimism was misplaced, and that his more nuanced, skeptical, position in the General Theory was more …

The claim that Keynes makes a tacit assumption in Chapter 3 of The General Theory, that short-term expectations are … clears the ground for a recognition that Keynes instead adopted the assumption of judicious foresight, which would now be … called short-term rational expectations. This recognition in turn should encourage a reappraisal of Keynes’s thought, by …

, 2009, Hartwig, 2007 and Hayes, 2007) on the topic of Keynes’s principle of effective demand as set out in The General … demand rather than simply their own industry price. Hayes retains Keynes’s definition of effective demand and price …-taking firms but introduces a division of entrepreneurs between employers and dealers which is not explicit in Keynes’s text. …