This paper examines some features of <italic>The General Theory</italic> that remain relevant 75 years after its publication. Keynes showed that even in a competitive economy with perfectly flexible prices, wages and interest rates, market prices could not guarantee full employment and that the achievement of...

In the 1950s the plethora of existing business cycle theories gave way to a Keynesian-type theory based on Hicks' (1950) book. However, the first two expositions of Keynesian-type business cycle theory had no direct influence on Hicks' model. This paper examines the business cycle theories of...

This two volume Handbook contains chapters on the main areas to which Post-Keynesians have made sustained and important contributions. These include theories of accumulation, distribution, pricing, money and finance, international trade and capital flows, the environment, methodological issues,...

This paper, in honour of John King, addresses the question raised by him in his A History of Post-Keynesian since 1936, reflected in the title. Initial surveys of post-Keynesian economics defined it in term of the Keynesian, Kaleckian and Sraffian strands. However, subsequently, it has become...

David Ricardo’s key place in the history of economic thought is well established. However, both the understanding of his Principles of Political Economy and Taxation and its role in the development of economic analysis is much more controversial. Cambridge economists have contributed...

Davidson (2000), in making an important comparison of Keynes and Kalecki on employment and effective demand, is unfair in his representation of Kalecki's analysis. Davidson labels Kalecki an "imperfectionist," with unemployment being the result of imperfect competition, and is critical of...