Marshall's notion of the representative firm can be read as a macro notion with some resemblance to Keynes' aggregative … concepts. Keynes' notions of aggregate demand and aggregate supply are fashioned after Marshall's definitions of demand and … supply. Keynes starts with the Marshallian equilibrium notion. The main innovation of Keynes--a conception of macroeconomic …

In Chapter 3 of the General Theory, Keynes sketches out what he calls the essence of the General Theory of Employment …

In Chapter 4 of the General Theory, Keynes discusses the units of measurement he will be using in the remainder of the …

Chapters 8, 9 and 10 set out Keynes’ theory of consumer behavior. Chapter 8 is entitled The Propensity to Consume: I … Propensity to Consume and the Multiplier. Contrary to the widely held belief, Keynes saw the consumer as an intertemporally …

This paper puts John Maynard Keynes’ "The General Theory of Employment, Interest and Money" into its historical context … background to the General Theory, looks at the influence of other economists of the period on the evolution of Keynes’ thought … were debating issues very similar to the ones with which Keynes was wrestling. …

Chapter 2 is one of the most important chapters in the General Theory. Not only does it set out Keynes’ disagreements … key part in the way Keynes’ theoretical model is developed here. This chapter introduces Keynes’ concept of involuntary … consequent cyclicality of the real wage. Chapter 2 also includes Keynes’ discussion of Say’s Law. …

Chapter Six and its Appendix deal in some detail with the way Keynes is defining income, savings and investment in the … cost is the place where Keynes sees firms taking account of the future consequences of their current production decisions …, contain a forward looking element. Chapter 7 returns to the concepts of saving and investment, relates Keynes’ definitions to …

Keynes is back. President Obama's economic stimulus package is based on the premise that we can spend our way out of … recession. It is an application of the Keynesian multiplier theory, which was expounded in Keynes' 1936 economic treatise, The … economist and journalist. He discussed the multiplier theory in the 1840s, more than a generation before John Maynard Keynes …

Chapter Six and its Appendix deal in some detail with the way Keynes is defining income, savings and investment in the … cost is the place where Keynes sees firms taking account of the future consequences of their current production decisions …, contain a forward looking element. Chapter 7 returns to the concepts of saving and investment, relates Keynes' definitions to …

Chapters 8, 9 and 10 set out Keynes' theory of consumer behavior. Chapter 8 is entitled The Propensity to Consume: I … Propensity to Consume and the Multiplier. Contrary to the widely held belief, Keynes saw the consumer as an intertemporally …