Abstract
There is a fine line between drawing distinctions and dualism. In highlighting the distinction between chapters 11 and 12 of the General Theory as aspects of Keynes’s theory of investment behaviour, I was laying myself open to dualistic misinterpretations. What I intended, however, was to discuss the way in which a comparison between the marginal efficiency of capital and the rate of interest (in chapter 11) was combined with the establishment of the marginal efficiency of capital (in chapter 12) to determine demand for capital goods.
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© 1991 Palgrave Macmillan, a division of Macmillan Publishers Limited
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Dow, S. (1991). Reply. In: O’Donnell, R.M. (eds) Keynes as Philosopher-Economist. Keynes Seminars. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-10325-6_15
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DOI: https://doi.org/10.1007/978-1-349-10325-6_15
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-10327-0
Online ISBN: 978-1-349-10325-6
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