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Missing details and conspicuous absences: from the >i>Treatise>/i> to the >i>General Theory>/i>

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  • Antonio Carlos Macedo e Silva

Abstract

This paper aims at interpreting some of the many simplifying assumptions adopted by Keynes to explain, in the >i>General Theory>/i>, liquidity preference, interest rate, portfolio decisions, and volume of investment. It is suggested that Keynes emphasized a >i>partial and particular>/i> model that should be understood as part of a wider theory and a much wider view.

Suggested Citation

  • Antonio Carlos Macedo e Silva, 2008. "Missing details and conspicuous absences: from the >i>Treatise>/i> to the >i>General Theory>/i>," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 31(2), pages 325-344, December.
    • Handle: RePEc:mes:postke:v:31:y:2008:i:2:p:325-344
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