Keynes’s General Theory
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Keynes’s General Theory

Seventy-Five Years Later

Edited by Thomas Cate

This volume, a collection of essays by internationally known experts in the area of the history of economic thought and of the economics of Keynes and macroeconomics in particular, is designed to celebrate the 75th anniversary of the publication of The General Theory.
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Chapter 2: Keynes, the Neglected Theorist

M.G. Hayes

Extract

2. Keynes, the Neglected Theorist M.G. Hayes Notwithstanding Keynes’s reputation, very little of his magnum opus, The General Theory, has been received into modern economics. The investment-saving identity is perhaps the only original concept whic...

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