The General Theory of Employment, Interest and Money

Richard F. Kahn

Chapter Chapter 7 in Richard F. Kahn, 2022, pp 119-160 from Palgrave Macmillan

Abstract: Abstract This chapter is an excerpt from the Raffaele Mattioli Lecture, given in Milan in 1978. Kahn re-reads the General Theory, reflects on its character and analyses the key passages about the propensity to consume, the inducement to invest, the liquidity preference and money-wages. After leading the reader through the pages of Keynes’s magnum opus, Kahn addresses what he regards as the limitations of that work. In this context, he notes how Keynes’s thinking developed after the publication of the General Theory, in particular on the concept of “finance” as a determinant of the rate of interest.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pshchp:978-3-030-98588-2_7

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DOI: 10.1007/978-3-030-98588-2_7

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