Transition from the classical to the Keynesian Perspective

Hukukane Nikaido

The European Journal of the History of Economic Thought, 2001, vol. 8, issue 4, 526-546

Abstract: This paper intends to recast the IS-LM to an analytical framework that reflects, more pertinently than the conventional version, Keynes's central analytical message in his General Theory resulting from his secession from the classics. The secession is imagined to be a process of transition from a simple analytical framework of the classics to this recast form of the IS-LM. Moreover the arguments in the paper occasionally touch on certain misleading conventional views pertaining to the issues.

Keywords: Keynes Secession From Classics Money Wage Prices Is-LM Recast (search for similar items in EconPapers)
Date: 2001
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DOI: 10.1080/09672560110079520

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