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Keynes's General Theory , Treatise on Money and Tract on Monetary Reform : different theories, same methodological approach?

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  • Anna M. Carabelli
  • Mario A. Cedrini

Abstract

In trying to assess the content and significance of Keynes's attempted revolution in economic methodology, historians have almost exclusively focused on the General Theory . By highlighting the legacy of the Treatise on Probability for Keynes's economic writings, this article provides evidence of strong methodological continuity among the Tract on Monetary Reform , the Treatise on Money , and the General Theory , despite radical differences in the theories. We argue that the novelty of Keynes's approach lies in offering a method of analysis requiring cooperation on the part of the reader, in the effort to tackle the complexity of the economic material.

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  • Anna M. Carabelli & Mario A. Cedrini, 2014. "Keynes's General Theory , Treatise on Money and Tract on Monetary Reform : different theories, same methodological approach?," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 21(6), pages 1060-1084, December.
  • Handle: RePEc:taf:eujhet:v:21:y:2014:i:6:p:1060-1084
    DOI: 10.1080/09672567.2014.966128
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