Keynes S Theoretical Development

Comprehensive and authoritative, this book, written by a recognized authority on the subject explores the contributions to modern economics by John Maynard Keynes and addresses neglected, yet crucial aspects of the genesis of Keynesian economics. In this book, the author elucidates Keynes’ development as an economic theoretician through an examination of his books, articles, various manuscripts, lecture notes and controversial correspondence. Departing from a narrative account and analyzing processes of theory-building and re-building which constitute Keynes’s intellectual journey from the Tract to the General Theory, this volume shows Keynes’ theoretical development as a theoretical hypothesis. An excellent exposition of Keynes’ contribution, this is a valuable addition to the bookshelves of all to students and researchers interested in Keynes and more widely the history of economic thought and macroeconomics.

This book was originally published by Macmillan in 1936. It was voted the top Academic Book that Shaped Modern Britain by Academic Book Week (UK) in 2017, and in 2011 was placed on Time Magazine's top 100 non-fiction books written in English since 1923. Reissued with a fresh Introduction by the Nobel-prize winner Paul Krugman and a new Afterword by Keynes’ biographer Robert Skidelsky, this important work is made available to a new generation. The General Theory of Employment, Interest and Money transformed economics and changed the face of modern macroeconomics. Keynes’ argument is based on the idea that the level of employment is not determined by the price of labour, but by the spending of money. It gave way to an entirely new approach where employment, inflation and the market economy are concerned. Highly provocative at its time of publication, this book and Keynes’ theories continue to remain the subject of much support and praise, criticism and debate. Economists at any stage in their career will enjoy revisiting this treatise and observing the relevance of Keynes’ work in today’s contemporary climate.

The book is well researched and clearly written, and is a valuable account of the evolution of Keynes s ideas in the period under review. I recommend The Origins of the Keynesian Revolution as a scholarly study of the evolution of an important aspect of macroeconomics. Athol Fitzgibbons, Australian Economic History Review This is a very good treatment, adding to a growing literature on the development of John Maynard Keynes s monetary theory as it progressed from the Tract through the Treatise to the General Theory. Professor Dimand has given us a very good account of all this. His book should be used not only in history of thought courses but also in macro and money courses as an antidote, if nothing else, to the extremely limited view of Keynesian economics which most textbooks provide. Thomas K. Rymes, Journal of the History of Economic Thought Robert Dimand has written a superb book. . . . It is appropriate for use in classes on the history of economic thought and will serve as a nice supplement in a macroeconomics course. It would be perfect in a seminar on the development of Keynes s thought. Indeed, it would not be surprising if more of such courses were taught as a result of the publication of this excellent little book. Bruce J. Caldwell, Review of Political Economy This book traces an important and exciting chapter in the history of economic thought, with painstaking documentation from old sources and from previously unexploited, unpublished material. It does this with a sure and mature understanding of the intellectual and theoretical issues. Dimand is an excellent theorist himself. The book is beautifully and clearly written. James Tobin, Yale University, US Dimand s book will stimulate much discussion. I highly recommend it to anyone interested in the development of monetary and macroeconomic theory during the 1920s and 1960s. Robert Stanley Herren, Journal of Economic History Robert Dimand has written an excellent study of the evolution of J.M. Keynes s economic thought from its origins in orthodox Cambridge monetary theory through its early 1930s development leading to the General Theory. John B. Davis, Review of Social Economy

Clarifies the technical possibilities and limitations of economic growth in general, and of the economic development of underdeveloped countries in particular, by using a Keynesian frame of reference.

Comprehensive and authoritative, this book, written by a recognized authority on the subject explores the contributions to modern economics by John Maynard Keynes and addresses neglected, yet crucial aspects of the genesis of Keynesian economics. In this book, the author elucidates Keynes’ development as an economic theoretician through an examination of his books, articles, various manuscripts, lecture notes and controversial correspondence. Departing from a narrative account and analyzing processes of theory-building and re-building which constitute Keynes’s intellectual journey from the Tract to the General Theory, this volume shows Keynes’ theoretical development as a theoretical hypothesis. An excellent exposition of Keynes’ contribution, this is a valuable addition to the bookshelves of all to students and researchers interested in Keynes and more widely the history of economic thought and macroeconomics.

This volume, a collection of essays by internationally known experts in the area of the history of economic thought and of the economics of Keynes and macroeconomics in particular, is designed to celebrate the 75th anniversary of the publication of The General Theory. The essays contained in this volume are divided into four sections. The first section contains three essays that explore the concept of fundamental uncertainty and its unique role in The General Theory. The second section contains five essays that examine the place of The General Theory in the history of macroeconomics since 1936. The third section contains three essays that explore the interrelationships among Keynes, Friedman, Kaldor, Marx and Sraffa and their approaches to macroeconomic theory and policy. The final section contains four essays that provide several new interpretations of The General Theory and its position within macroeconomics. Keynes's General Theory is intended for those students and scholars who are interested in the economics of Keynes and the rich variety of approaches to macroeconomic theory and policy.

This volume offers a comprehensive treatment of the development of Keynes's economic ideas in the General Theory of Employment, Interest and Money , using archival material, the historical record of the economics of Keynes's time and place and the scholarship available on Keynes's biography and philosophy.

Both a grounding in the origins and development of Keynesian economics, this study also looks at the ongoing significance of his work. It examines the different interpretations of Keynsian thought on economics as a discipline and the schools of thought that provided these interpretations.