John Maynard Keynes failed to correctly interpret classic economic concepts, and dismissed the classical explanations and conclusions as being irrelevant to the world in which we live. The trauma of the Great Depression and Keynes's changed definition of economic concepts, aided by Eugen B�hm-Bawerk, have made it difficult for modern economists to

chapter |6 pages


chapter |22 pages

The classical theory of value

A foundation of macroeconomic analysis

chapter |28 pages

On the definition of money

Classical vs modern

chapter |19 pages

Full employment

Keynes’s mistaken attribution to the classics

chapter |9 pages