The Nature of the Keynesian Revolution: A Reassessment

  • Victoria Chick


Two propositions, widely held, are evidence that the Keynesian Revolution remains to be made:
  1. 1.

    The macroeconomics of the General Theory (Keynes, 1936) do not rest on proper microeconomic foundations.

  2. 2.

    The General Theory is the economics of disequilibrium.



Wage Rate Excess Demand Full Employment Price Vector Excess Supply 
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Copyright information

© Victoria Chick 1992

Authors and Affiliations

  • Victoria Chick
    • 1
  1. 1.University College LondonUK

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