Thomas, Alex M (2011): (Mis)understanding Classical Economics. Published in: Eostre , Vol. 2, : pp. 6-7.
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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.
|Item Type:||MPRA Paper|
|Original Title:||(Mis)understanding Classical Economics|
|Keywords:||Classical economics; Keynes; Ricardo|
|Subjects:||B - History of Economic Thought, Methodology, and Heterodox Approaches > B1 - History of Economic Thought through 1925 > B12 - Classical (includes Adam Smith)
E - Macroeconomics and Monetary Economics > E1 - General Aggregative Models > E12 - Keynes; Keynesian; Post-Keynesian
B - History of Economic Thought, Methodology, and Heterodox Approaches > B2 - History of Economic Thought since 1925 > B22 - Macroeconomics
B - History of Economic Thought, Methodology, and Heterodox Approaches > B1 - History of Economic Thought through 1925 > B13 - Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Stockholm School)
|Depositing User:||Alex M Thomas|
|Date Deposited:||20. Feb 2011 20:19|
|Last Modified:||19. Feb 2013 12:03|
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