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The Economics of Keynes


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Contents: Foreword Preface Five Propositions of The General Theory Prologue 1. Two Theories of Employment 2. Definitions and Ideas 3. The Propensity to Consume 4. The Inducement to Invest 5. Employment, Money and the Price-Level 6. Policy Implications Epilogue References Index

About the Author

M.G. Hayes, Robinson College, University of Cambridge, UK


'Hayes's guide to The General Theory is very much better than most, and is strongly recommended...'- J.E. King, History of Economics Review'Mark Hayes has thought long and deeply about Keynes's General Theory and has developed a refreshingly original viewpoint which is bound to stimulate lively discussion and debate.'- Victoria Chick, University College London, UK 'Hayes's volume is a work of exemplary scholarship, the outcome of prolonged and deep thought. Alas, all the incentives in modern academia pull against work such as this being done. It is to the author's great credit that he has resisted them in order to give us this volume of lasting significance.'- From the foreword by G.C. Harcourt, Jesus College, Cambridge, UK

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