Abstract
Keynes’s writings on business fluctuations and monetary theory during the period under review are far less original than Robertson’s and well within the Marshallian orthodoxy. From his two strictly theoretical contributions (his 1913 paper given to the Political Economy Club, JMK, xiii, pp. 1–14 and section I of the third chapter of A Tract on Monetary Reform, 1923, JMK, iv, pp. 61–70), the first one only brings new elements of interest to our argument. In the Tract the refinements brought to the Cambridge equation do not alter in any substantial way the conclusions reached earlier by Marshall and Pigou.
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© 1987 Pascal Bridel
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Bridel, P. (1987). Early Contributions II: Keynes, Lavington and Pigou (1913–24). In: Cambridge Monetary Thought. Studies in Political Economy. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-18662-4_5
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DOI: https://doi.org/10.1007/978-1-349-18662-4_5
Publisher Name: Palgrave Macmillan, London
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