(Mis)understanding Classical Economics

Alex M Thomas

MPRA Paper from University Library of Munich, Germany

Abstract: In 1936, Keynes published The General Theory of Employment, Interest and Money, one of the most influential books in economics of the twentieth century. With this publication, Keynes has confused and will continue to confuse generations of economists as to what classical economics means. This short essay argues that the 'classical economists' whom Keynes referred to in The General Theory were actually those economists who primarily employed 'marginal methods' in economics.

Keywords: Classical economics; Keynes; Ricardo (search for similar items in EconPapers)
JEL-codes: B12 B13 B22 E12 (search for similar items in EconPapers)
Date: 2011
New Economics Papers: this item is included in nep-his, nep-hme, nep-hpe and nep-pke
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:28980

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