ABSTRACT
In this chapter I focus on Samuelson’s interpretation of Keynes. Like Hicks and Modigliani, he too claims that the General Theory is a particular case of Classical theory and relies on general equilibrium methodology. However, unlike them, he regards Classical theory and Keynesian macroeconomics as almost two separate worlds. While the former is quite close to ‘pure theory’, the latter is essentially ad hoc. The only point the two approaches have in common is their reliance on the direct forces paradigm. This is why Samuelson completes the exercise in ‘translation’ of Keynes’s saving/ investment relation in symmetric terms started by Hicks.
