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)
      Keywords:keynes and the 'classics', john stuart mill, say's law, Economic Theory, Economics, Econometrics and Finance(all)
      Subjects:Social Sciences > Economic Theory
      Department:Strathclyde Business School > Economics
      Depositing user: Pure Administrator
      Date deposited:29 May 2019 09:25
      Last modified:01 Aug 2021 01:54
      URI:https://strathprints.strath.ac.uk/id/eprint/68088
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