Munich Personal RePEc Archive

(Mis)understanding Classical Economics

Thomas, Alex M (2011): (Mis)understanding Classical Economics. Published in: Eostre , Vol. 2, : pp. 6-7.

[img]
Preview
PDF
MPRA_paper_28980.pdf

Download (93kB) | Preview

Abstract

In 1936, Keynes published The General Theory of Employment, Interest and Money, one of the most influential books in economics of the twentieth century. With this publication, Keynes has confused and will continue to confuse generations of economists as to what classical economics means. This short essay argues that the 'classical economists' whom Keynes referred to in The General Theory were actually those economists who primarily employed 'marginal methods' in economics.

UB_LMU-Logo
MPRA is a RePEc service hosted by
the Munich University Library in Germany.