The global financial crisis, which began in August 2007 and continues with no end in sight, has thrown macroeconomics into turmoil. This book challenges the current mainstream macroeconomic tradition, rejecting the view that whatever shock hits the economy, the response is an automatic and rapid...

1. Introduction -- 2. Keynes’s Theory in the Making -- 3. How Did Keynes Transform His Theory from the Tract into the Treatise? -- 4. How, and for How Long Did Keynes Maintain The Treatise Theory? -- 5. The Turning Point in Keynes’s Theoretical Development -- 6. Keynes as a Planner and...

The main purpose of this paper is to clarify on the evidence of primary material how Keynes transformed his theory from the Tract to the Treatise. Keynes went on working along the lines of the Tract theory until around April 1926, subsequently adopting the Transaction Approach up until September...

<italic>The purpose of this paper is to reconstruct and evaluate, among other issues, Hawtrey’s social philosophy.</italic>