The classical argument for free trade stressed the possibilities of economic growth by exploiting the gains from trade. A trade surplus per se was not the main objective; presumably the argument was that trade would be balanced at the new higher growth rate. Moreover, the arguments for free trade...

The model of effective demand from Keynes's General Theory was rendered graphically by such post-Keynesian scholars as Chick (1983), Davidson (2011), Davidson and Smolensky (1964), and Weintraub (1961). It has been criticized in detail by Patinkin (1976, 1982) and (implicitly) by the whole...

This book provides a comprehensive overview, in the form of eight long essays, of the evolution of monetary theory over the three-quarters of century, from the time of Keynes to the present day. The essays are originally based on lecture notes from a graduate course on Advanced Monetary...

This paper identifies what seem to have been the five main issues in contention in monetary theory, both historically and in the current era, and discusses the view that J.M. Keynes took on each of them in the Treatise on Money and The General Theory. The key issues in monetary theory are the...