Keynesian Economics

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Summary

This volume provides a wide-ranging critical examination of the presuppositions and procedures of Keynesian analysis.

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Introduction
The Keynesian Connection
Outline of the Argument
The Keynesian Dichotomy
Introduction
The Keynesian Dichotomy
Dichotomies as analytical procedures
Concluding remarks
Demand Deficiency
Introduction
Involuntary unemployment
The pragmatics of `demand deficiency'
Demand deficiency in its cyclical context
Concluding remarks
Deficient Foresight
Introduction
Keynes and uncertainty
The sources of variation in expenditure aggregates
Certainty and fallibility
Two schools
Concluding remarks
Hick's Contribution
Introduction
Keynes's `Classics' and Hick's `Classics'
Liquidity preference and loanable funds
Expectations and the multiplier process
Concluding remarks
The Search for First Principles
Introduction
Fundamentalism
Hydraulicism
Reconstructed reductionism
Concluding remarks
Conclusion
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