General Theory

<p>Keynes always intended to write 'footnotes' to his masterwork <em>The General Theory</em>, which would take account of the criticisms made of it and allow him to develop and refine his ideas further. However, a number of factors combined to prevent him from doing so before his death in 1946. A wide range of Keynes scholars - including James Tobin, Paul Davidson and Lord Skidelsky - have written here the 'footnotes' that Keynes never did.</p> I: Introduction; 1: The Relation of The General Theory to the Classical Theory; 2: On Rewriting Chapter 2 of The General Theory; 3: Effective Demand Revisited; 4: Yes, Mrs Robinson!; 5: Imperfect Competition and Keynes; 6: The Principle of Effective Demand *; II: Definitions and Units; 7: Units and Definitions *; 8: User Cost *; III: The Propensity to Consume; 9: The Propensity to Consume and the Multiplier *; 10: Keynes and Dynamics; 11: The Multiplier and Finance *; IV: The Inducement to Invest; 12: The Marginal Efficiency of Capital and Investment; 13: The Marginal Efficiency of Investment *; 14: Is There a Place for Rational Expectations in Keynes's General Theory? *; 15: Expectations and Uncertainty in Contemporary Keynesian Models *; 16: The Theory of Value, Expectations and Chapter 17 of The General Theory *; 17: Own-Rates of Interest and their Relevance for the Existence of Underemployment Equilibrium Positions *; 18: Keynes's Monetary Theory of Value and Modern Banking *; 19: The General Theory; 20: The Classical Theory of the Rate of Interest; V and VI: Money-Wages and Prices: Short Notes Suggested by the General Theory; 21: Keynesian Business Cycle Theory; 22: Notes on the Trade Cycle and Social Philosophy in a Post-Keynesian World *; 23: Underconsumption; 24: Keynes's ‘Concluding Notes'