Abstract
The Keynesian Revolution has often been sited in the multiplier, the consumption function, animal spirits and investment, liquidity preference, dynamic disequilibrium, involuntary unemployment equilibrium, and perhaps several elements in combination. Most assessments, especially those by monetarists, have accused Keynes of underplaying the operation of the monetary mechanism - at least in The General Theory, though not in his Treatise on Money and in earlier work.
Journal of Post Keynesian Economics, 2(3) (1980).
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© 1990 Paul Davidson
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Davidson, L. (1990). The Dual-faceted Nature of the Keynesian Revolution: Money and Money-wages in Unemployment and Production Flow Prices. In: Davidson, L. (eds) Money and Employment. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-11513-6_40
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DOI: https://doi.org/10.1007/978-1-349-11513-6_40
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