The General Theory: A Neglected Work?!

Hayes, M.G.

The General Theory: A Neglected Work?!

Hayes, M.G.

Authors

M.G. Hayes

Contributors

J. Jespersen
Editor

M.O. Madsen
Editor

Abstract

The General Theory (Keynes, 1936, hereafter G.T.) a neglected work? Am I joking? Few books have been subject to so much review, criticism and interpretation. Yet I suggest that its impact on modern economic theory, both neoClassical and Post Keynesian, has in fact been minimal. This theoretical neglect has also limited Keynes’s impact on policy, other than as a poster boy for a traditional policy of public works which predated The General Theory. My aim in this lecture is to try and justify these claims.

Citation

Hayes, M. (2012). The General Theory: A Neglected Work?!. In J. Jespersen, & M. Madsen (Eds.), Keynes’s General Theory for today (15-29). Edward Elgar Publishing

Publication Date	Jan 1, 2012
Deposit Date	Aug 12, 2015
Publicly Available Date	Apr 6, 2016
Publisher	Edward Elgar Publishing
Pages	15-29
Book Title	Keynes’s General Theory for today.
Public URL	https://durham-repository.worktribe.com/output/1669728
Publisher URL	https://www.e-elgar.com/shop/keynes-s-general-theory-for-today