Some Implications of Keynes General Theory of Employment, Interest, and Money

E.E. Hale, Ron Phillips and Ron Phillips
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Ron Phillips: Department of Economics University of Texas Austin, TX 78712
Authors registered in the RePEc Author Service: Ronnie J. Phillips

Review of Radical Political Economics, 1976, vol. 8, issue 4, 30-31

Abstract: This paper, written in 1949, deals with the significance of Keynes' General Theory. It is argued that there is nothing revolutionary in the tools of analysis, the methodology, or the assumptions embodied in Keynes' "general theory". The General Theory is revolutionary in the same sense in which Ricardo's Principles was revolutionary. Orthodox economists busy themselves explaining away the revolutionary implications of the General Theory but their efforts are doomed. The logical implications of the structure of the General Theory point beyond the capitalist system.

Date: 1976
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Persistent link: https://EconPapers.repec.org/RePEc:sae:reorpe:v:8:y:1976:i:4:p:30-31

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