This paper shows that Keynes's involuntary unemployment derived from Walras's voluntary unemployment by means of … supply function is a strongly increasing function, as in Walras's approach, there might be only voluntary unemployment, and … there might be involuntary unemployment if the equilibrium point locates between boundary points of the horizontal segment …

This chapter examines the development of Keynes's monetary thought in the context of Britain's return to the gold … standard (opposed by Keynes) in 1925 and his unsuccessful attempt to develop a theory of macroeconomic fluctuations in his … Treatise on Money. Keynes, who had predicted that rejoining the gold standard at the prewar parity would lead to economic …