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Against twisting The General Theory

In: The General Theory and Keynes for the 21st Century

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  • Maria Cristina Marcuzzo

Abstract

The General Theory is a controversial book, which raises questions about the nature of its assumptions and conclusions. The answers to these questions led to different interpretations which were not mutually compatible and gave rise to controversies and, in some cases, even to distorted interpretations, which transformed the message of The General Theory into something completely different. This chapter discusses a few of the distortions to which Victoria Chick, together with many others, has drawn attention over the years and puts forward a suggestion for why The General Theory might have been liable to be misinterpreted.

Suggested Citation

  • Maria Cristina Marcuzzo, 2018. "Against twisting The General Theory," Chapters, in: Sheila Dow & Jesper Jespersen & Geoff Tily (ed.), The General Theory and Keynes for the 21st Century, chapter 2, pages 16-28, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:17806_2
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    Economics and Finance;

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