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The General Theory and the Critique of Decreasing Returns

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  • Sardoni, Claudio

Abstract

The prevailing opinion among John Maynard Keynes's interpreters is that, in writing The General Theory, Keynes ignored the other “revolution” which was taking place in Cambridge at the time, the critique of Marshallian microeconomics which led to the development of the notion of imperfect competition.

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  • Sardoni, Claudio, 1994. "The General Theory and the Critique of Decreasing Returns," Journal of the History of Economic Thought, Cambridge University Press, vol. 16(1), pages 61-85, April.
    • Handle: RePEc:cup:jhisec:v:16:y:1994:i:01:p:61-85_00
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    Cited by:

    1. Nahid Aslanbeigui & Michele I. Naples, 1997. "Scissors or Horizon: Neoclassical Debates about Returns to Scale, Costs, and Long‐Run Supply, 1926‐1942," Southern Economic Journal, John Wiley & Sons, vol. 64(2), pages 517-530, October.
    2. Spahn, Heinz-Peter, 1998. "Heterogeneous labour, the unemployment equilibrium, and the natural rate," Violette Reihe: Schriftenreihe des Promotionsschwerpunkts "Globalisierung und Beschäftigung" 2/1998, University of Hohenheim, Carl von Ossietzky University Oldenburg, Evangelisches Studienwerk.
    3. Claudio Sardoni, 2011. "Unemployment, Recession and Effective Demand," Books, Edward Elgar Publishing, number 13837.

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