On Interpreting Keynes: A Study in Reconciliation

It has long been accepted that the two major schools of criticism on Keynes are irreconcilable. Bruce Littleboy argues that a close reading of the key texts of both factions reveals that they disagree through misunderstandings and differences of emphasis rather thanthrough fundamental differences of opinion. He illustrates their agreement by a careful examination of both schools' positions on the connected topics of unemployment, demand, interest rates, and expenditure.

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