This note summarizes the symposium, "Say's Law Revisited." The most remarkable achievement of the symposium has been the manner in which it has cleared away important parts of the mythology which has surrounded Say's Law since the publication of the "General Theory". It is clear that what is...

Richard Kahn aside, from which other economist did Keynes derive even a single idea found in the General Theory? As a reading of almost the entire literature on the transition from the Treatise on Money will show, there is no economist to whom Keynes gave the slightest credit as an influence on...

Since the publication of The General Theory, pre-Keynesian economics has been labelled “classical,” but what that classical economics actually consisted of is now virtually an unknown. There is, instead, a straw-man caricature most economists absorb through a form of academic osmosis but...

A revival of the importance of classical economic theoryIn this thoroughly updated second edition of Free Market Economics, Steven Kates assesses economic principles based on classical economic theory before Keynesian theory became dominant in macroeconomics and equilibrium analysis became...

"This innovative book focuses on the current global financial crisis and the inadequacies of the economic theories being used to guide policy. In so doing, it tackles the economic theories that have been used firstly to understand its causes and thereafter to contain the damage it has brought."...

It was because Keynes read Malthus's letters to Ricardo in late 1932 that he eventually focused on effective demand in the General Theory. Because of his reading of Malthus, Keynes attacked Say's Law and wrote the General Theory to establish variations in effective demand as the major cause of...