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Reviving Keynes’s Revolution

In: Money and Employment

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  • Louise Davidson

Abstract

Addressing The General Theory chiefly to his ‘fellow economists’ (1936, p. v), Keynes insisted that the postulates of the classical theory are applicable to a special case only and not to the general case … Moreover, the characteristics of the special case assumed by the classical theory happen not to be those of the economic society in which we actually live, with the result that its teaching is misleading and disastrous if we attempt to apply it to the facts of experience, (ibid., p. 3)

Suggested Citation

  • Louise Davidson, 1990. "Reviving Keynes’s Revolution," Palgrave Macmillan Books, in: Louise Davidson (ed.), Money and Employment, chapter 43, pages 567-580, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-11513-6_44
    DOI: 10.1007/978-1-349-11513-6_44
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