| List of Tables and Diagrams | p. xi |
| Preface | p. xiii |
| A Primer for the General Theory | p. 1 |
| Why should you read this book? | p. 1 |
| Outline of the book | p. 4 |
| Classical Macroeconomic Theory: The Special Case | p. 9 |
| Introduction | p. 9 |
| The classical theory of interest and employment | p. 10 |
| The classical theory of money and prices | p. 21 |
| Keynes versus the classics revisited | p. 26 |
| Causal maps of the classical theory | p. 28 |
| Summary | p. 30 |
| Appendix Keynes' Critique of the Classical Quantity Theories of Money and Prices | p. 32 |
| Aggregate Effective Demand | p. 36 |
| Introduction | p. 36 |
| Units of measurement and key definitions | p. 37 |
| The aggregate supply price and function | p. 40 |
| The aggregate demand function | p. 46 |
| Aggregate effective demand | p. 47 |
| A causal map of the General Theory model - The story so far | p. 51 |
| Summary | p. 53 |
| Criticisms of Aggregate Effective Demand | p. 55 |
| Post-Keynesian Comments on Keynes' Treatment of Short-Term Expectations | p. 63 |
| The Propensity to Consume and the Multiplier | p. 66 |
| Introduction | p. 66 |
| A theory of aggregate consumption | p. 67 |
| Other influences on the propensity to consume | p. 71 |
| The investment and employment multipliers | p. 78 |
| The propensity to save | p. 81 |
| Summary | p. 86 |
| Appendix Some Comments on Keynes' Treatment of the Propensity to Consume | p. 88 |
| Consumption and Effective Demand | p. 92 |
| Introduction | p. 92 |
| Consumption and the aggregate demand function | p. 92 |
| The consumption function and aggregate effective demand | p. 98 |
| The Paradox of Thrift | p. 102 |
| A causal map of the General Theory model | p. 104 |
| Summary | p. 106 |
| Appendix Keynes and the Under-Consumptionists | p. 108 |
| The Practical Theory of the Future | p. 112 |
| Introduction | p. 112 |
| The calculus of probability and Keynes' critique | p. 113 |
| Keynes' practical theory of the future and the state of long-term expectation | p. 115 |
| Calculations on organised 'investment' markets | p. 117 |
| Animal spirits | p. 119 |
| Summary | p. 121 |
| The Inducement to Invest - A Theory of Investment | p. 122 |
| Introduction | p. 122 |
| Aggregate investment - Further clarification | p. 123 |
| The schedule of the marginal efficiency of capital | p. 127 |
| Other influences on the marginal efficiency of capital | p. 131 |
| The liquidity preference theory of the rate of interest | p. 133 |
| Implications for the classical loanable funds theory | p. 144 |
| The theory of fixed investment spending | p. 146 |
| Summary | p. 149 |
| Post-Keynesian Criticisms of the Marginal Efficiency of Capital Schedule | p. 151 |
| Why is the Money Rate of Interest the Most Significant? | p. 155 |
| Fluctuations in the Inducement to Invest | p. 159 |
| Introduction | p. 159 |
| A weakening of the inducement to invest | p. 159 |
| A strengthening of the inducement to invest | p. 162 |
| Aggregate effective demand revisited | p. 164 |
| A causal map of the General Theory model | p. 168 |
| Summary | p. 171 |
| Money Wages, Employment and Effective Demand | p. 172 |
| Introduction | p. 172 |
| Keynes' attitude to money wage cuts prior to the General Theory | p. 173 |
| The General Theory model and money wage cuts | p. 176 |
| A numerical and diagrammatic illustration of Keynes' arguments | p. 185 |
| Wage cutting versus expansionary monetary policy | p. 189 |
| Summary | p. 193 |
| Prices and Real Wages | p. 195 |
| Introduction | p. 195 |
| Keynes' theory of prices and inflation | p. 197 |
| Real wages and the classical postulates | p. 203 |
| Keynes and the classics revisited - the stimulation of employment | p. 206 |
| A causal map of the General Theory model | p. 208 |
| Summary | p. 210 |
| Employment and Unemployment | p. 212 |
| Introduction | p. 212 |
| The employment function | p. 213 |
| The elasticity of employment | p. 218 |
| The unemployment equilibrium | p. 220 |
| A causal map of the General Theory model | p. 226 |
| Summary | p. 227 |
| Appendix Analysing Unemployment - A Shifting Equilibrium Concept | p. 229 |
| Public Policy Implications | p. 232 |
| Introduction | p. 232 |
| Curing a depression | p. 234 |
| Preventing wartime inflation and financing the war effort | p. 246 |
| Promoting stability and prosperity in the long run | p. 249 |
| The implications of Keynes' policy prescriptions | p. 258 |
| Summary | p. 261 |
| Appendix Further Comments on Public Policy | p. 264 |
| The Classics, Keynes and the Keynesian Mainstream | p. 266 |
| Introduction | p. 266 |
| The classical macroeconomic analysis | p. 266 |
| Keynes' macroeconomic theory and policy | p. 269 |
| The contribution of the Keynesian mainstream | p. 273 |
| Notes | p. 279 |
| Bibliography | p. 289 |
| Index | p. 295 |
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