KEYNES_S _GENERAL THEORY_

A Retrospective View

BY A. C. PIGOU

LONDON

MACMILLAN & CO. LTD

1952

CONTENTS

PREFACE

I

PRELIMINARY

II

THE MAIN PURPOSE OF THE

'GENERAL THEORY'

III

FULL EMPLOYMENT

IV

INCOME, SAVING AND INVESTMENT, THE STOCK OF MONEY AND THE RATE OF INTEREST

V

THE FUNCTIONS

VI

KEYNES'S FUNDAMENTAL CONCEPTION

VII

CONDITIONS NECESSARY TO THE KEYNESIAN EQUILIBRIUM

VIII

THE CHARACTER OF THE KEYNESIAN EQUILIBRIUM

IX

DIFFERENCES BETWEEN SHORTPERIOD EQUILIBRIUM SITUATIONS

X

DIFFERENCES IN THE DEMAND SCHEDULE FOR INVESTMENT

XI

DIFFERENCES IN THE SUPPLY SCHEDULE FOR INVESTMENT

XII

DIFFERENCES IN THE LIQUIDITY

PREFERENCE SCHEDULE

XIII

DIFFERENCES IN THE STOCK OF MONEY

XIV

DIFFERENCES IN THE MONEY-RATE

OF WAGES

XV

COMBINED DIFFERENCES

XVI

EXPECTATIONS

XVII

THE STATE AND INVESTMENT

XVIII

LIMITATIONS AND ACHIEVEMENTS

OF KEYNES'S ANALYSIS

XIX

CONCLUSION

APPENDIX