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Monetary Analysis, the Equilibrium Method, and Keynes's "General Theory"

Meir Kohn

Journal of Political Economy 1986

Compared with the work of his contemporaries, Keynes's General Theory represented a radical change in theoretical method--from sequence analysis to the method of equilibrium. The nature of this change is discussed, together with its implications for the substance of Keynes's message and for the subsequent development of macroeconomics.

DOI
10.1086/261429
Volume
94 (6)
Pages
1191-1224
Language
en
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