Abstract
In the course of writing The General Theory, Keynes found that ‘three perplexities’ impeded his progress. He could not ‘express [himself] conveniently’ until he had found ‘some solution for them’ (CW, VII: 37). The three perplexities were ‘the choice of units of quantity appropriate to the problems of the economic system as a whole; … the part played by expectation in economic analysis; … and … the definition of income’ (CW, VII: 37).
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© 1998 Connell Fanning and David O Mahony
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Fanning, C., Mahony, D.O. (1998). Foundations: Units, Expectations, Income. In: The General Theory of Profit Equilibrium. Palgrave Macmillan, London. https://doi.org/10.1057/9780230502284_3
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DOI: https://doi.org/10.1057/9780230502284_3
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-0-333-77357-4
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