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Keynes and Crises: Before the General Theory

In: Keynes, Investment Theory and the Economic Slowdown

Author

Listed:
  • Michael Perelman

    (California State University)

Abstract

What is Keynesianism? Sharp debates about its meaning continue. These differences of opinion owe much to Keynes’ enigmatic presentation of his theory. Although for more than three decades Keynes immersed himself in policy matters at the highest levels of government, he devoted painfully little space to elaborating specific policy recommendations in any of his major writings, especially the General Theory (Chick, 1983, p. 316). Those recommendations that he offered were mostly impressionistic.

Suggested Citation

  • Michael Perelman, 1989. "Keynes and Crises: Before the General Theory," Palgrave Macmillan Books, in: Keynes, Investment Theory and the Economic Slowdown, chapter 1, pages 1-46, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-19940-2_1
    DOI: 10.1007/978-1-349-19940-2_1
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