The process of writing The General Theory: A Critical Survey

  • Don Patinkin
Part of the Keynesian Studies book series (KST)


The subject of this Conference is a drama which took place in Cambridge in the early 1930s — the drama connected with the writing of the General Theory. Details of the dramatis personae will shortly be presented to us by Austin Robinson. Let me here only note that this was a great drama not only in retrospect, but also in the eyes of its protagonists at the time. Indeed, the huge mass of written materials that has survived from this drama is itself testimony to the conviction of these protagonists that these materials would ultimately have significant historical value.


General Theory Aggregate Demand Effective Demand Marginal Propensity Monetary Theory 
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  1. 2.
    See Keynes’s publications during this period as listed in the A.E.A. Index of Economic Journals, vols. I–II. See also Elizabeth Johnson’s stimulating article on ‘Keynes: Scientist or Politician?’ (1972).Google Scholar
  2. 4.
    As is evidenced by the very titles of such works as Irving Fisher’s Purchasing Power of Money: Its Determination and Relation to Credit Interest and Crises (1911)Google Scholar
  3. and A. C. Pigou’s ‘Value of Money’ (1917–18),Google Scholar
  4. as well as Knut Wicksell’s Interest and Prices: A Study of the Causes Regulating the Value of Money (1898).Google Scholar

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© Don Patinkin and J. Clark Leith 1977

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  • Don Patinkin

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