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Some Observations upon the Similarity of Keynes’ and Robertson’s Work

  • John R. Presley

Abstract

The last two chapters have emphasised Robertson’s critical reaction to the General Theory, in particular his response to the static analysis of the multiplier and the liquidity preference theory. It would be wrong to leave the reader with the impression that the Robertsonian and Keynesian theories are totally opposed to one another; indeed it is the purpose here to throw some light on the statement by T. Wilson that: ‘the polemical literature, both Keynesian and Robertsonian, leaves an exaggerated impression of the differences between their respective theories’.1 I offer the contents of this chapter as food for thought.

Keywords

Capital Good Full Employment Speculative Demand Postwar Period Effective Demand 
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Some Observations upon the Similarity of Keynes’ and Robertson’s Work

  1. 1.
    T. Wilson, ‘Robertson and Effective Demand and the Trade Cycle’, EJ, (September 1953) p. 555.Google Scholar

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© John R. Presley 1978

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  • John R. Presley

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