ABSTRACT

The Companion to Post Keynesian Economics (King 2003) contains a wealth of entries on topics broadly related to Post Keynesian economics. However, it has only three entries on books, namely A Treatise on Probability (Keynes 1921), A Treatise on Money (Keynes 1930) and The General Theory of Employment, Interest and Money (Keynes 1936). This may not be too surprising given that Keynes’s work and ideas have played a central role in the development of Post Keynesian economics. What is more surprising is that even a cursory reading of these entries shows how unrelated these three books are in the eyes of a great majority of Post Keynesian economists.1 A Treatise on Probability is Keynes’s main philosophical work, A Treatise on Money is Keynes’s most comprehensive and systematic analysis of money and, finally, the General Theory is Keynes’s revolutionary theory of effective demand and involuntary unemployment.2 This rigid partition between Keynes’s major books is also reflected in three major strands of Post Keynesian economics that have developed out of these books, namely the New Fundamentalist Keynesians, the Monetary Circuit theorists and the Non-ergodic/Monetary Post Keynesians, respectively.