Did Keynes in the General Theory Significantly Misrepresent J S Mill?

Grieve, Roy H (2013) Did Keynes in the General Theory Significantly Misrepresent J S Mill? Discussion paper. University of Strathclyde, Glasgow.

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Abstract

It has been alleged that J M Keynes, quoting in the General Theory a passage from J S Mill’s Principles, misunderstood the passage in question and was therefore wrong to cite Mill as an upholder of the ‘classical’ proposition that ‘supply creates its own demand’. We believe that, although Keynes was admittedly in error with respect to, so-to-say, the ‘letter’ of Mill’s exposition, he did not mislead readers as to the ‘substance’ of Mill’s conception. The purpose of this paper is to demonstrate that J S Mill did indeed stand for a ‘classical’ position, vulnerable to Keynes’s critique as developed in the General Theory.

  • Item type:Monograph(Discussion paper)
    ID code:68088
    Dates:
    Date
    Event
    2013
    Published
    Notes:Published as a paper within the Discussion Papers in Economics, No. 13-23 (2013)
    Subjects:Social Sciences > Economic Theory
    Department:Strathclyde Business School > Economics
    Depositing user: Pure Administrator
    Date deposited:29 May 2019 09:25
    Last modified:09 Apr 2024 04:43
    URI:https://strathprints.strath.ac.uk/id/eprint/68088
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