ABSTRACT
InpresentingthediscussionwhichfollowedthepublicationofKeynes' work,weshallnotproceedinchronologicalorder.Instead,weshall analysetheconsequencesofthreedifferentassumptions,takingaccount, insodoing,ofthecontributionsofthemostimportantauthors.The threedifferentassumptionsare:
1.themoneywagerateisgiven, 2.themoneywagerateisflexible,hencecompetitionexistsinthe
marketforlabour, 3.therealwagerateisgiven.
