2013년 2월 14일 목요일

[일반이론 1장] The General Theory

출처: The General Theory of Employment, Interest and Money (Keynes, 1936)
자료: MIA(html); eBook; single PDF; Gutenberg(html) (cf. my catalog of his writings)

※ This is a reading note with excerpts taken, and personal annotations and remarks added, in trying to understand the above text, so visit the source links to see the original.

※ 본문(the Text):

Chapter 1_ The General Theory


I have called this book the General Theory of Employment, Interest and Money, placing the emphasis on the prefix general. The object of such a title is to contrast the character of my arguments and conclusions with those of the classical[1] theory of the subject, upon which I was brought up and which dominates the economic thought, both practical and theoretical, of the governing and academic classes of this generation, as it has for a hundred years past.
  1. I shall argue that the postulates of the classical theory are applicable to a special case, the situation which it assumes being a limiting point of the possible positions of equilibrium
  2. Moreover, the characteristic of the special case assumed by the classical theory happen not to be those of the economic society which we actually live, with the result that its teaching is misleading and disastrous if we attempt to apply it to the facts of experience.

* * *

[주1] “The classical economists” was a name invented by Marx to cover Ricardo and James Mill and their prdecessors, that is to say for the founders of the theory which culminated in the Ricardian economics. I have become accustomed, perhaps perpetrating a solecism, to include “the classical school” the followers of Ricardo, those, that is to say, who adopted and perfected the theory of the Ricardian economics, including (for example) J. S. Mill, Marshall, Edgeworth and Prof. Pigou.

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