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The Nature of the Keynesian Revolution: A Reassessment

  • Victoria Chick

Abstract

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.

     

Keywords

Wage Rate Excess Demand Full Employment Price Vector Excess Supply 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Victoria Chick 1992

Authors and Affiliations

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

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