Abstract
‘Gentlemen, the change in the title of these lectures’ – from ‘The Pure Theory of Money’ to ‘The Monetary Theory of Production’ – ‘is significant’. With these words on 10 October 1932, Keynes began the first of his eight lectures for the autumn term of that year – and in effect announced the beginning of the Keynesian Revolution. He gave his last lecture in the fourth of this series on 2 December 1935; ten days later he sent off his manuscript for what was to become The General Theory of Employment, Interest and Money. The book appeared on 4 February 1936 – three years, three months, three weeks and four days from that October morning.
This chapter was originally published in The New Palgrave: A Dictionary of Economics, 1st edition, 1987. Edited by John Eatwell, Murray Milgate and Peter Newman
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Bibliography
Keynes, J.M. 1936. The general theory of employment, interest and money. London/New York: Macmillan for the Royal Economic Society, 1973.
Keynes, J.M. 1973. The general theory and a: A supplement. In The collected writings of J.M. Keynes, vol. XXIX, ed. D. Moggridge. London: Macmillan for The Royal Economic Society.
Marshall, A. 1920. The principles of economics. 8th ed. London: Macmillan. Reprinted, 1927.
Marshall, A., and M. Marshall. 1884. The economics of industry. 2nd ed. Reprinted, London: Macmillan.
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Tarshis, L. (1987). Keynesian Revolution. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95121-5_1254-1
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DOI: https://doi.org/10.1057/978-1-349-95121-5_1254-1
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Keynesian Revolution- Published:
- 29 March 2017
DOI: https://doi.org/10.1057/978-1-349-95121-5_1254-2
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Keynesian Revolution- Published:
- 30 November 2016
DOI: https://doi.org/10.1057/978-1-349-95121-5_1254-1