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More on Keynes and the Classics

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  • Keith MacKinnon

    (York University, Canada)

Abstract

This paper provides a simple, graphical review of the Keynes versus the classics debate. It focuses on four key issues: the roles of ¡ãexible wages and the velocity of money as well as the determination interest rates and the nominal price level. Its aim is to improve upon the rather bland presentation of Keynes' model usually found in textbooks and to give students a sense of the point counterpoint of this important debate.

Suggested Citation

  • Keith MacKinnon, 1999. "More on Keynes and the Classics," Working Papers 1999_06, York University, Department of Economics.
    • Handle: RePEc:yca:wpaper:1999_06
    as

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    File URL: http://dept.econ.yorku.ca/research/workingPapers/working_papers/emp3.pdf
    File Function: First version, 1999
    Download Restriction: no
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