Keynes half a century ago: the treatise on money

Philippe Callier
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Philippe Callier: Concordia University

No 1980025, Discussion Papers (REL - Recherches Economiques de Louvain) from Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES)

Abstract: Fifty years ago was published the first major theoretical work of John M. Keynes: The treatise on Money (1930). The book at the time was not very well received by the profession and the impact of General Theory, published six years later, soon eclipsed Keynes’ earlier contribution to political economy. After 50years of progress in macroeconomics, the gap between the present state of the science and the original project of Keynes is all the more impressive. A candid look at the Treatise today could remind us of the challenges still open to our profession.

Pages: 6
Date: 1980-06-01
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