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 6: Keynes’s General Theory, the Quantity Theory of Money and Monetary Policy

Peter Docherty

Extract

6. Keynes’s General Theory, the quantity theory of money and monetary policy Peter Docherty* INTRODUCTION: REVOLUTION AND CONSENSUS Thirty-five years after the publication of Keynes’s General Theory, Harry Johnson examined what appeared at the tim...

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