Abstract
The basis of Keynes’s revolution in economic theory has been placed in the multiplier (Johnson, 1961, p. 144; Patinkin, 1982, p. xxi), or in the fixity of money-wages and prices (Modigliani, 1944), or in the reversal of the Marshallian price and quantity adjustment velocities (Leijonhufvud, 1968;1 Friedman, 1974, p. 18), or in the failure of markets to coordinate nominal effective demand and actual effective demand (Clower, 1965; Clower and Leijonhufvud, 1975).
Keynes Money and Monetarism, ed. R. Hill (London: Macmillan, 1989).
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© 1990 Paul Davidson
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Davidson, L. (1990). Keynes and Money. In: Davidson, L. (eds) Money and Employment. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-11513-6_27
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