After Twenty Years: The General Theory

Abstract

I. Background of the General Theory , 581. — II. The General Theory and its implications, 583. — III. Contrast with the classical position, 586. — IV. The restoration of full employment and the Pigou effect, 588. — V. The failure of the General Theory , 590. — VI. Background of the Pigou effect, 592. — VII. Neo-Keynesian resistance to the Pigou effect, 594. — VIII. Methodology, terminology, and policy, 598. — IX. Conclusion, 602.