‘Mr Churchill’ and the General Theory

Paul Wells

Chapter 2 in International Monetary Problems and Supply-Side Economics, 1986, pp 8-27 from Palgrave Macmillan

Abstract: Abstract In a handsomely written paper which opens with an attractive sketch of Keynes as a teacher and closes with a succinct preview of his meticulous study of Keynes’s aggregate supply function, Lorie Tarshis (1978, pp. 48–63) questions the practice of using hindsight to read too much significance into the words of earlier writers. Despite this sound advice from my teacher and friend, I propose to jump straight into Keynes’s celebrated essay ‘The Economic Consequences of Mr Churchill’ and bring to light a number of rather important theoretical innovations which he first developed in this essay and subsequently refined and wove into the core of his General Theory.

Keywords: General Theory; Real Wage; Export Industry; Money Wage; Involuntary Unemployment (search for similar items in EconPapers)
Date: 1986
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-18392-0_2

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DOI: 10.1007/978-1-349-18392-0_2

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