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Keynes and the Classics

Axel Leijonhufvud

Chapter 4 in A Critique of Keynesian Economics, 1977, pp 81-114 from Palgrave Macmillan

Abstract: Abstract The full title of my recent book is On Keynesian Economics and the Economics of Keynes — A Study in Monetary Theory. It may indicate to you that I am not a man of few words. Accordingly, I have been invited to summarise it. The invitation, I hope, means that it is felt that the book ‘hits a few nails on the head’. The invitation specifically to summarise, I fear, means that it is also felt that it contains a distressing lot of fumbling about for the hammer. So, in the time available to me here, I will have to wield my hammer with more abandon. If this leads me to overstating my case on some points, I must refer you to my book for a better documented and, hopefully, more well-balanced treatment.

Keywords: Interest Rate; Fiscal Policy; Money Supply; Excess Demand; Full Employment (search for similar items in EconPapers)
Date: 1977
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DOI: 10.1007/978-1-349-22481-4_4

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