This chapter considers Marshall as the leading opponent of Keynes. It argues that when Keynes spoke of ‘classical’ theory it was Marshall's he had in mind. He had learned and then taught in the school of economics that Marshall had founded at Cambridge; it was the doctrine that he himself had been teaching that he was now deliberately casting off.
Keywords: Marshall; Keynes; economic theory; monetary theory
Chapter. 3825 words.
Subjects: Macroeconomics and Monetary Economics
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