John Maynard Keynes | Literature Criticism Critical Essay by Richard Kahn

This literature criticism consists of approximately 26 pages of analysis & critique of John Maynard Keynes.
This section contains 7,559 words
(approx. 26 pages at 300 words per page)
Buy the Critical Essay by Richard Kahn

Critical Essay by Richard Kahn

SOURCE: "Some Aspects of the Development Keynes's Thought," in The Journal of Economic Literature, Vol. XVI, No. 2, June, 1978, pp. 545-59.

In the following excerpt, Kahn examines Keynes's changing attitudes towards the quantity theory of money, as revealed in A Tract on Monetary Reform, A Treatise on Money, and the General Theory. The critic also discusses Keynes's views on the behavior of money wages and the causes of inflation.

In this brief essay I have picked out certain particular strands of thought, on the basis partly of theoretical significance and partly of relationship to economic policy.

Monetary economics is in a state of shameful confusion. One example is the common failure to distinguish between "crowding out' in a physical sense and in a financial sense. At a time when labor bottlenecks and scarcity...

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This section contains 7,559 words
(approx. 26 pages at 300 words per page)
Buy the Critical Essay by Richard Kahn
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