In this guide to general theory, Mark Hayes presents Keynes's illustrious work as a sophisticated Marshallian theory fo the competitive equillibrium of the economy as a whole.of reference lengthens. ... equilibrium, in which a single determinate equilibrium level of aggregate employment at any time corresponds to a given state of ... We shall find that Keynesa#39;s conception of equilibrium is considerably at odds with the received interpretation in terms of the ... The motto at the beginning of Marshalla#39;s Principles (1920) reads a#39;natura nonfacit saltum a#39; [nature makes no leaps] and is a anbsp;...
|Title||:||The Economics of Keynes|
|Publisher||:||Edward Elgar Publishing - 2008-01-01|