Keynes’s Way of Theorizing: The Marshall Connection

Abstract

The General Theory amply demonstrates that Keynes took his ideas about economics in general and about economic theory in particular seriously and followed them conscientiously. Hence, if that book is to be understood, it is essential that his conception of the nature and purpose of economics be appreciated. Although he did not write a systematic account of his views in this connection a reasonably clear picture of his thinking may be gleaned from various passages scattered throughout his writings and his correspondence.