The General Theory and the Critique of Decreasing Returns

Claudio Sardoni

15 citations0/0 files storedJournal of the History of Economic Thought

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Economic Theory and Policy Economic Theory and Institutions Historical Economic and Legal Thought

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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1936The General Theory of Employment, Interest and Money.1926The Laws of Returns under Competitive Conditions 1961Production of Commodities by means of Commodities 1931The Relation of Home Investment to Unemployment 1969The Economics of Imperfect Competition 1938The Movement of Real and Money Wage Rates 1939Changes in Real and Money Wages 1991Keynes's General Theory and Accumulation

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