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.
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Item type: Monograph(Discussion paper) ID code: 68088 Dates: DateEvent2013PublishedNotes: 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: 31 Aug 2024 01:17 URI: https://strathprints.strath.ac.uk/id/eprint/68088