Note Hub on Keynes' General Theory

---

Annotated Table of Contents

• Introductory Materials
  • GENERAL INTRODUCTION
  • PREFACE TO THE ENGLISH EDITION
  • PREFACE TO THE GERMAN EDITION
  • PREFACE TO THE JAPANESE EDITION
  • PREFACE TO THE FRENCH EDITION
• BOOK I: INTRODUCTION {Summary r-JK-GT-19}
  • Chapter 1: The General Theory
  • Chapter 2: The Postulates of the Classical Economics
    • Chapter 2, Section I {Summary: r-JK-GT-4}
      • {Notes: r-JK-GT-1, }
    • Chapter 2, Section II {Summary: r-JK-GT-5}
      • {Notes: r-JK-GT-2, r-JK-GT-3, }
    • Chapter 2, Section III {Summary: r-JK-GT-8}
      • {Notes: r-JK-GT-6, r-JK-GT-7, }
    • Chapter 2, Section IV {Summary: r-JK-GT-9}
    • Chapter 2, Section V {Summary: r-JK-GT-10}
    • Chapter 2, Section VI {Summary: r-JK-GT-11}
    • Chapter 2, Section VII {Summary: r-JK-GT-12}
  • Chapter 3: The Principle of Effective Demand
    • Chapter 3, Section I {Summary: r-JK-GT-15}
    • Chapter 3, Section II {Summary: r-JK-GT-16}
      • Notes: r-JK-GT-17
    • Chapter 3, Section III {Summary: r-JK-GT-18}
• BOOK II: DEFINITIONS AND IDEAS
  • Chapter 4: The Choice of Units {Summary: r-JK-GT-20}
    • Chapter 4, Section I
    • Chapter 4, Section II
    • Chapter 4, Section III
    • Chapter 4, Section IV
  • Chapter 5: Expectations as Determining Output and Employment {Summary: r-JK-GT-23}
    • Chapter 5, Section I
    • Chapter 5, Section II
  • Chapter 6: The Definition of Income Saving and Investment {Summary: r-JK-GT-25}
    • Chapter 6, Section I. Income
    • Chapter 6, Section II. Saving and Investment
  • Chapter 6a: Appendix on User Cost
    • Chapter 6a, Section I
    • Chapter 6a, Section II
    • Chapter 6a, Section III
    • Chapter 6a, Section IV
  • Chapter 7: The Meaning of Saving and Investment Further Considered
    • Chapter 7, Section I
    • Chapter 7, Section II
    • Chapter 7, Section III
    • Chapter 7, Section IV
    • Chapter 7, Section V
• BOOK III: THE PROPENSITY TO CONSUME
  • Chapter 8: The Propensity to Consume I: The Objective Factors {Summary: r-JK-GT-34}
    • Chapter 8, Section I {Summary: r-JK-GT-29}
    • Chapter 8, Section II {Summary: r-JK-GT-31}
    • Chapter 8, Section III {Summary: r-JK-GT-32}
    • Chapter 8, Section IV {Summary: r-JK-GT-33}
  • Chapter 9: The Propensity to Consume II: The Subjective Factors {Summary: r-JK-GT-37}
    • Chapter 9, Section I {Summary: r-JK-GT-35}
    • Chapter 9, Section II {Summary: r-JK-GT-36}
  • Chapter 10: The Marginal Propensity to Consume and The Multiplyer
    • Chapter 10, Section I
    • Chapter 10, Section II
    • Chapter 10, Section III
    • Chapter 10, Section IV
    • Chapter 10, Section V
    • Chapter 10, Section VI
• BOOK IV: THE INDUCEMENT TO INVEST
  • Chapter 11: The Marginal Efficiency of Capital
    • Chapter 11, Section I
    • Chapter 11, Section II {Summary: r-JK-GT-38}
    • Chapter 11, Section III
    • Chapter 11, Section IV {Summary: r-JK-GT-39}
    • Chapter 11, Section V
  • Chapter 12: The State of Long-Term Expectation {Summary: r-JK-GT-48}
    • Chapter 12, Section I {Summary: r-JK-GT-40}
    • Chapter 12, Section II {Summary: r-JK-GT-41}
    • Chapter 12, Section III {Summary: r-JK-GT-42}
    • Chapter 12, Section IV {Summary: r-JK-GT-44}
    • Chapter 12, Section V {Summary: r-JK-GT-45}
    • Chapter 12, Section VI {Summary: r-JK-GT-46}
    • Chapter 12, Section VII {Summary: r-JK-GT-47}
    • Chapter 12, Section VIII
  • Chapter 13: The General Theory of the Rate of Interest {Summary: r-JK-GT-55}
    • Chapter 13, Section I {Summary: r-JK-GT-50}
    • Chapter 13, Section II {Summary: r-JK-GT-51}
    • Chapter 13, Section III {Summary: r-JK-GT-52}
    • Chapter 13, Section IV {Summary: r-JK-GT-53}
    • Chapter 13, Section V {Summary: r-JK-GT-54}
  • Chapter 14: The Classical Theory of the Rate of Interest
    • Chapter 14, Section I
  • Chapter 14a: Appendix on the Rate of Interest in Marshall’s Principles of Economics, Ricardo’s Principles of Political Economy and Elsewhere {Summary: r-JK-GT-56}
    • Chapter 14a, Section I
    • Chapter 14a, Section II
    • Chapter 14a, Section III
  • Chapter 15: The Psychological and Business Incentives to Liquidity
    • Chapter 15, Section I {Summary: r-JK-GT-57}
    • Chapter 15, Section II {Summary: r-JK-GT-58}
    • Chapter 15, Section III {Summary: r-JK-GT-59}
    • Chapter 15, Section IV {Summary: r-JK-GT-60}
  • Chapter 16: Sundry Observations on the Nature of Capital
    • Chapter 16, Section I {Summary: r-JK-GT-61}
    • Chapter 16, Section II {Summary: r-JK-GT-63}
    • Chapter 16, Section III {Summary: r-JK-GT-64}
    • Chapter 16, Section IV {Summary: r-JK-GT-65}
  • Chapter 17: The Essential Properties of Interest and Money
    • Chapter 17, Section I {Summary: r-JK-GT-66}
    • Chapter 17, Section II {Summary: r-JK-GT-67}
    • Chapter 17, Section III {Summary: r-JK-GT-68}
    • Chapter 17, Section IV {Summary: r-JK-GT-69}
    • Chapter 17, Section V {Summary: r-JK-GT-70}
    • Chapter 17, Section VI
  • Chapter 18: The General Theory of Employment Re-Stated
    • Chapter 18, Section I {Summary: r-JK-GT-71}
    • Chapter 18, Section II {Summary: r-JK-GT-72}
    • Chapter 18, Section III {Summary: r-JK-GT-74}
• BOOK V: MONEY WAGES AND PRICES
  • Chapter 19: Changes in Money-Wages
    • Chapter 19, Section I
    • Chapter 19, Section II
    • Chapter 19, Section III
  • Chapter 19a: Appendix on Prof. Pigou’s Theory of Unemployment
  • Chapter 20: The Employment Function
    • Chapter 20, Section I
    • Chapter 20, Section II
    • Chapter 20, Section III
    • Chapter 20, Section IV
  • Chapter 21: The Theory of Prices
    • Chapter 21, Section I {Summary: r-JK-GT-78}
    • Chapter 21, Section II {Summary: r-JK-GT-79}
    • Chapter 21, Section III {Summary: r-JK-GT-80}
    • Chapter 21, Section IV
    • Chapter 21, Section V
    • Chapter 21, Section VI
    • Chapter 21, Section VII
• BOOK VI: SHORT NOTES SUGGESTED BY THE GENERAL THEORY
  • Chapter 22: Notes on the Trade Cycle
    • Chapter 22, Section I {Summary: r-JK-GT-82}
    • Chapter 22, Section II {Summary: r-JK-GT-83}
    • Chapter 22, Section III
    • Chapter 22, Section IV
    • Chapter 22, Section V
    • Chapter 22, Section VI
    • Chapter 22, Section VII
  • Chapter 23: Notes on Mercantilism, the Usury Laws, Stamped Money and Theories of Under-Consumption
    • Chapter 23, Section I
    • Chapter 23, Section II
    • Chapter 23, Section III
    • Chapter 23, Section IV
    • Chapter 23, Section V
    • Chapter 23, Section VI
    • Chapter 23, Section VII {Summary: r-JK-GT-85}
  • Chapter 24: Concluding Notes on the Social Philosophy Towards Which The General Theory Might Lead
    • Chapter 24, Section I
    • Chapter 24, Section II
    • Chapter 24, Section III
    • Chapter 24, Section IV
    • Chapter 24, Section V
  • Appendix I: Printing Errors in the First Edition
  • Appendix 2: Fluctuations in Net Investment in the United States (1936)
  • Appendix 3: Relative Movements of Real Wages and Output

---

Full List of Notes

File	Date	Title
r-JK-GT-1	August 16, 2024	-
r-JK-GT-2	August 16, 2024	-
r-JK-GT-3	August 16, 2024	-
r-JK-GT-4	August 17, 2024	Summary of General Theory Book I Chapter 2 Section I
r-JK-GT-5	August 17, 2024	Summary of General Theory Book I Chapter 2 Section II
r-JK-GT-6	August 17, 2024	-
r-JK-GT-7	August 17, 2024	-
r-JK-GT-8	August 17, 2024	Summary of General Theory Book I Chapter 2 Section III
r-JK-GT-9	August 17, 2024	Summary of General Theory Book I Chapter 2 Section IV
r-JK-GT-10	August 17, 2024	Summary of General Theory Book I Chapter 2 Section V
r-JK-GT-11	August 17, 2024	Summary of General Theory Book I Chapter 2 Section VI
r-JK-GT-12	August 18, 2024	Summary of General Theory Book I Chapter 2 Section VII
r-JK-GT-13	August 18, 2024	-
r-JK-GT-14	August 18, 2024	-
r-JK-GT-15	August 18, 2024	Summary of General Theory Book I Chapter 3 Section I
r-JK-GT-16	August 18, 2024	Summary of General Theory Book I Chapter 3 Section II
r-JK-GT-17	August 19, 2024	-
r-JK-GT-18	August 19, 2024	Summary of General Theory Book I Chapter 3 Section III
r-JK-GT-19	August 19, 2024	Summary of General Theory Book I
r-JK-GT-20	August 20, 2024	Summary of General Theory Book II Chapter 4
r-JK-GT-21	August 20, 2024	-
r-JK-GT-22	August 20, 2024	-
r-JK-GT-23	August 20, 2024	Summary of General Theory Book II Chapter 5
r-JK-GT-24	August 21, 2024	-
r-JK-GT-25	August 21, 2024	Summary of General Theory Book II Chapter 6
r-JK-GT-25.1	August 21, 2024	-
r-JK-GT-26	August 21, 2024	-
r-JK-GT-26.1	August 21, 2024	-
r-JK-GT-27	August 21, 2024	-
r-JK-GT-28	August 21, 2024	-
r-JK-GT-29	August 26, 2024	Summary of General Theory Book II Chapter 8 Section I
r-JK-GT-30	August 26, 2024	-
r-JK-GT-31	August 26, 2024	Summary of General Theory Book III Chapter 8 Section II
r-JK-GT-32	August 26, 2024	Summary of General Theory Book III Chapter 8 Section III
r-JK-GT-33	August 26, 2024	Summary of General Theory Book III Chapter 8 Section IV
r-JK-GT-34	August 27, 2024	Summary of General Theory Book III Chapter 8
r-JK-GT-35	August 27, 2024	Summary of General Theory Book III Chapter 9 Section I
r-JK-GT-36	August 27, 2024	Summary of General Theory Book III Chapter 9 Section II
r-JK-GT-37	August 27, 2024	Summary of General Theory Book III Chapter 9
r-JK-GT-38	August 28, 2024	Summary of General Theory Book IV Chapter 11 Section II
r-JK-GT-39	August 28, 2024	Summary of General Theory Book IV Chapter 11 Section IV
r-JK-GT-40	August 30, 2024	Summary of General Theory Book IV Chapter 12 Section I
r-JK-GT-41	August 30, 2024	Summary of General Theory Book IV Chapter 12 Section II
r-JK-GT-42	August 30, 2024	Summary of General Theory Book IV Chapter 12 Section III
r-JK-GT-43	August 30, 2024	-
r-JK-GT-44	August 30, 2024	Summary of General Theory Book IV Chapter 12 Section IV
r-JK-GT-45	August 30, 2024	Summary of General Theory Book IV Chapter 12 Section V
r-JK-GT-46	August 30, 2024	Summary of General Theory Book IV Chapter 12 Section VI
r-JK-GT-47	August 30, 2024	Summary of General Theory Book IV Chapter 12 Section VII
r-JK-GT-48	September 01, 2024	Summary of General Theory Book IV Chapter 12
r-JK-GT-49	September 02, 2024	-
r-JK-GT-50	September 02, 2024	Summary of General Theory Book IV Chapter 13 Section I
r-JK-GT-51	September 04, 2024	Summary of General Theory Book IV Chapter 13 Section II
r-JK-GT-52	September 04, 2024	Summary of General Theory Book IV Chapter 13 Section III
r-JK-GT-53	September 04, 2024	Summary of General Theory Book IV Chapter 13 Section IV
r-JK-GT-54	September 04, 2024	Summary of General Theory Book IV Chapter 13 Section V
r-JK-GT-55	September 04, 2024	Summary of General Theory Book IV Chapter 13
r-JK-GT-56	September 08, 2024	Summary of General Theory Book IV Chapter 14A
r-JK-GT-57	September 08, 2024	Summary of General Theory Book IV Chapter 15 Section I
r-JK-GT-58	September 09, 2024	Summary of General Theory Book IV Chapter 15 Section II
r-JK-GT-59	September 09, 2024	Summary of General Theory Book IV Chapter 15 Section III
r-JK-GT-60	September 11, 2024	Summary of General Theory Book IV Chapter 15 Section IV
r-JK-GT-61	September 11, 2024	Summary of General Theory Book IV Chapter 16 Section I
r-JK-GT-62	September 11, 2024	-
r-JK-GT-63	September 11, 2024	Summary of General Theory Book IV Chapter 16 Section II
r-JK-GT-64	September 11, 2024	Summary of General Theory Book IV Chapter 16 Section III
r-JK-GT-65	September 11, 2024	Summary of General Theory Book IV Chapter 16 Section IV
r-JK-GT-66	September 12, 2024	Summary of General Theory Book IV Chapter 17 Section I
r-JK-GT-67	September 24, 2024	Summary of General Theory Book IV Chapter 17 Section II
r-JK-GT-68	September 29, 2024	Summary of General Theory Book IV Chapter 17 Section III
r-JK-GT-69	October 02, 2024	Summary of General Theory Book IV Chapter 17 Section IV
r-JK-GT-70	October 02, 2024	Summary of General Theory Book IV Chapter 17 Section V
r-JK-GT-71	October 04, 2024	Summary of General Theory Book IV Chapter 18 Section I
r-JK-GT-72	October 06, 2024	Summary of General Theory Book IV Chapter 18 Section II
r-JK-GT-73	October 06, 2024	-
r-JK-GT-74	October 06, 2024	Summary of General Theory Book IV Chapter 18 Section III
r-JK-GT-75	October 08, 2024	-
r-JK-GT-76	October 11, 2024	-
r-JK-GT-77	October 11, 2024	-
r-JK-GT-78	October 12, 2024	Summary of General Theory Book V Chapter 20 Section I
r-JK-GT-79	October 12, 2024	Summary of General Theory Book V Chapter 21 Section II
r-JK-GT-80	October 12, 2024	Summary of General Theory Book V Chapter 20 Section III
r-JK-GT-81	October 13, 2024	-
r-JK-GT-82	October 14, 2024	Summary of General Theory Book V Chapter 22 Section I
r-JK-GT-83	October 14, 2024	Summary of General Theory Book V Chapter 22 Section II
r-JK-GT-84	October 14, 2024	-
r-JK-GT-85	October 17, 2024	Summary of General Theory Book V Chapter 23 Section VII

---

Factors

$A$ (Proceeds)

• Proceeds received by entrepreneur for finished output, for given period.

$A_1$ (Cost of acquired output)

• Sum paid by entrepreneur, during given period, for finished output of other entrepreneur(s).

$G$ (Value of capital equipment)

• Value of accrued capital equipment of entrepreneur, at the end of a given period, over all previous periods.
• References
  • ^eedb96

$G^{\prime }$ (Maximum potential value of capital equipment)

• Optimum value of capital equipment, given proper maintenance, at the end of a given period, over all previous periods

$B^{\prime }$ (Optimally efficient maintenance cost)

• Optimum cost of maintaining capital equipment, for a given period.
• $G^{\prime }-B^{\prime }$ (Maximum potential net value of capital equipment)
  • Maximum potential value of capital equipment, if maintained and unused in given period of production
• Key references

$E$ (Wages Bill)

• $E=N\times W$
• Key references
  • ^8827b4

$I$ (Current Investment)

• $I=G-(G^{\prime }-B^{\prime })$
• Entrepreneur’s current investment in capital equipment
• Key references

Supply Price

• Key references:
  • Ch 21.4 ^e7a3d7

$U$ (User Cost)

• Definition: ^006a1b
• $U=(G^{\prime }-B^{\prime })-(G-A_1)$
  • $U=A_1+(G^{\prime }-B^{\prime })-G$
  • $U=A_1-I$
• Key references
  • ^4bf5ae
  • ^13022f
  • ^dc8d48
  • ^139d4e

$F$ (Factor Cost)

Prime Cost

• Key references:
  • Ch 21.4 ^332d49

Cost-Unit

• Key references:
  • Ch 21.4 ^332d49
  • Ch 21.5 ^391492

$V$ (Supplementary Cost)

• Definition: excess of expected depreciation of capital equipment beyond User Cost.
• Basic Supplementary Cost: Initial calculation of Supplementary Cost at the start of a given period of production.
• Current Supplementary Cost: Revised calculation of Supplementary Cost, up to date.
• References
  • ^13022f
  • ^139d4e

$D$ (Expected Proceeds from Demand)

• Entrepreneur’s expected proceeds purchasers (consumers and investors).
• $D=D_1+D_2$
• $D_1$ (Propensity to Consume)
• The amount which the community is expected to spend on consumption.
• $D_2$ (Propensity to Save?)
• The amount which the community is expected to devote to new investment.

$Z$ (Aggregate Supply Price)

• $Z=\phi (N)$

Effective Demand

• Key references:
  • • Ch 19.2 ^dbfc5f
  • Ch 19.2 ^548f9e
  • • Ch 20.3 ^e48b87
  • Ch 21.3 ^aa7932
  • Ch 23.7 ^f9d4cc

χ (Propensity to Consume)

• Definition: “the functional relationship $\chi$ between $Y_w$ a given level of income in terms of wage-units, and $C_w$ the expenditure on consumption out of that level of income, so that $C_w=\chi (Y_w)$ or $C=W\cdot \chi (Y_w)$” (^6c01ff)
• Key References:
  • Ch 8.4 ^fc9957
  • Ch 9.2 ^fd9212

Marginal Propensity to Consume

• Definition: The rate of change of consumption with respect to income (see: ^e7b719).
• Key references:
  • Ch 23.7 ^f3e6b0

Inducement to Invest

• Key references:
  • • Ch 23.3 ^47b6ee
  • Ch 24.2 ^9128f5

$N$ (Volume of Employment)

• Number of people employed during a given period of production.
• Key references:
  • Ch 4.3 ^8827b4
  • Ch 7.3 ^d53ed3
  • • Ch 18.1 ^5e45fb
  • Ch 19.2 ^dbfc5f
  • Ch 19.2 ^54cf1c
  • Ch 20.3 ^e48b87
  • Ch 21.4 ^332d49
  • Ch 23.3 ^8795dc
  • Ch 24.3 ^926fc5

Employment Function

• Definition: ^71a77f

$f$ (Aggregate Demand Function)

• Function relating employment volume ($N$) to entrepreneur’s expected proceeds ($D$).
• $D=f(N)$ (Aggregate Demand Function)
• Key references:
  • Ch 3.1 ^fbe1e8
  • Ch 6.1 ^4e6236
  • Ch 8.1 ^f5e4ae

$\phi$ (Aggregate Supply Function)

• Function relating employment volume ($N$) to aggregate supply price ($Z$).
• $Z=\phi (N)$ (Aggregate Supply Function)
• Key references:
  • Ch 3.1 ^fbe1e8

$Y$ (Income)

• Key references:
  • • Ch 15.1 ^2e9dad
  • Ch 16.2 ^a0afb6

$r$ (Interest Rate)

• Key references
  • Ch 13.4 ^7dd165 (interest rate as “price of debts”)
  • Ch 14.1 ^d689bf
  • • Ch 15.1 ^2e9dad
  • Ch 15.2 ^c2dc07
  • Ch 17.4 ^c9425b
  • Ch 23.3 ^361202
  • • Ch 23.4 ^96fb44
  • Ch 23.5 ^cc709b
  • Ch 24.2 ^9128f5

$V$ (Income-Velocity of Money)

• $L_1(Y)=\frac{Y}{V}=M_1$
• Key references:
  • Ch 15.2 ^36cea6
  • Ch 15.4 ^f5daed

Saving

• Key References:
  • Forced saving:
    • ^039b3e
  • Savings/Investment:
    • ^5e54ac
    • ^42d287

k (Investment Multiplier)

• Definition: The multiplier by which an increment of aggregate investment will increase income (see ^a37f72)
• Key references:
  • Ch 10.4 ^e35525
  • Ch 10.5 ^621ab5
  • ? Ch 17.1 ^7d30be

Marginal Efficiency of Capital

• Definition: The relation between the prospective yield of a capital asset and its supply price. In other words, its rate of return above its cost (see: ^6e5f59)
• Key references:
  • Ch 16.2 ^45faaf
  • Ch 16.2 ^bd5b97
  • Ch 19.2 ^399437
  • Ch 22.2 ^046808
  • Ch 23.5 ^cc709b

Schedule of the Marginal Efficiency of Capital (or rate of investment?)

• Key references:
  • ? Ch 17.3 ^c78b93

Liquidity Preference

• Key references:
  • • Ch 15.1 ^2e9dad
  • • Ch 17.4 ^ed6e29
  • Ch 17.5 ^99253b
  • Ch 22.6 ^d6a2b5

Schedule of Liquidity Preference

• Key references:
  • Ch 13.2 ^250b84

Transaction-motive

Income-motive

• Definition: Ch 15.1 ^c24e5c

Business-motive

• Definition: Ch 15.1 ^c2c572

Precautionary-motive

• Definition: Ch 15.1 ^f8e74d

Speculative-motive

• Key references:
  • Ch 15.1 ^eee61f
  • • Ch 15.1 ^2e9dad

$L_1$ (Liquidity function of income)

• The function that relates income ($Y$), as an input, to $M_1$ as an output

$L_2$ (Liquidity function of interest rate)

• The function that relates interest rate ($r$), as an input, to $M_1$ as an output
• Key references:
  • Ch 15.3 ^1e9346

$M$ (Amount of cash held)

• $M=M_1+M_2=L_1(Y)+L_2(r)$
• Key references:
  • Ch 15.2 ^f85a3f
  • • Ch 15.4 ^f5daed*

$M_1$ (Cash for transactions-motive and precautionary-motive)

$M_2$ (Cash for speculative-motive)

Money

• Key references:
  • Ch 17.5 ^6f43ca
  • Ch 21.1 ^aa5458
  • Ch 21.3 ^aa7932

$O$ (Quantity of Output)

• Definition: Ch 15.4 ^f5daed

$P$ (Quantity of Output)

• Definition: Ch 15.4 ^f5daed

Elasticity of Production

• Key references:
  • Ch 17.3 ^144312
  • Ch 17.4 ^c9425b

Elasticity of Substitution

• Key references:
  • Ch 17.3 ^edb096
  • Ch 17.4 ^c9425b

Wage-unit

• Key references:
  • Ch 17.3 ^782063

The Multiplier

• Key references:
  • Ch 18.3 ^46a960

---

Equations

${}^{\prime }UserCos{t}^{\prime }=U=(G^{\prime }-B^{\prime })-(G-A_1)$

• $U+F$ (Prime Cost)

• $D=f(N)$ (Aggregate Demand Function)

• $Z=\phi (N)$ (Aggregate Supply Function)

• $A-U$ (Income of Entrepreneur)

  • Proceeds minus User Cost

• Net Income of Entrepreneur: $A-U-V$

  • Proceeds minus User Cost, minus Supplementary Cost
  • References
    • ^96c69b

• Aggregate amount of money saved?: $M=M_1+M_2=L_1(Y)+L_2(r)$

• Maximum potential net value of capital equipment: $G^{\prime }-B^{\prime }$

• Transactions- and Precautionary-Motive Liquidity Function of Income: $L_1(Y)=\frac{Y}{V}=M_1$

---

Selected Passages

Unsorted

• Ch 16.2 ^66ecb1
• Ch 16.3 ^7088c6
• Ch 20.2 ^e3a85e
• Ch 21.7 ^20d488

Good Quotes

• Ch 23.4 ^041026

Antisocial Consequences of Status Quo

• Ch 12.5 ^40b2e0
• Ch 12.5 ^031aa2
• Ch 12.5 ^6d7e83
• • Ch 16.3 ^7a481b
• Ch 17.5 ^f68c74
• Ch 24.3 ^926fc5

Against Idle Wealth

• Ch 12.5 ^6d7e83
• Ch 16.4 ^1806ce thru ^1b6fee
• Ch 24.2 ^1223d0
• Ch 24.2 ^8c090e

Purpose of General Theory

• Ch 8.1 ^a59a42
• • Ch 18.1 ^5e45fb
• • Ch 21.3 ^e12f50
• • Ch 23.2 ^7062a0
• Ch 23.3 ^8795dc
• Ch 23.6 ^caec81
• • Ch 24.3 ^b9e8dd
• • Ch 24.3 ^f16fa7

Classical Theory vs General Theory

• Ch 7.5 ^5e54ac
• Ch 14.1 ^27a5ce
• Ch 14.1 ^c927b3
• • Ch 14.1 ^c65fc2
• Ch 14.1 ^d689bf
• Ch 19.2 ^54cf1c
• Ch 20.1 ^423a9f
• Ch 21.5 ^7a4104
• • Ch 23.2 ^7062a0
• Ch 23.3 ^8795dc
• • Ch 23.4 ^96fb44
• Ch 23.5 ^cc709b
• • Ch 24.3 ^b9e8dd
• • Ch 24.3 ^f16fa7
• Ch 24.4 ^6a279c

Mercantilism vs Classical Theory

• Ch 16.2 ^bd5b97
• • Ch 23.2 ^7062a0
• Ch 23.3 ^47b6ee
• Ch 23.3 ^361202
• Ch 23.5 ^cc709b
• Ch 24.4 ^6a279c

General Theory vs Marxism

• Ch 23.6 ^caec81
• Ch 24.3 ^2d7c20

Spontaneous Human Behavior

• Ch 12.7 ^de4627

Stationary vs Shifting Equilibrium

• Ch 21.1 ^aa5458
• • Ch 22.2 ^046808*

Redistribution of Income

• Ch 22.3 ^75be71

Postcapitalism

• Ch 24.2 ^8c090e

Regulating Trade Cycles

• Ch 22.3 ^325940
• Ch 22.3 ^2bfabf

Role of Progressive/Activist State

• Ch 17.5 ^f68c74
• Ch 19.2 ^92e9ce
• Ch 23.3 ^8795dc

Optimizing Employment Volume

• Ch 19.2 ^54cf1c
• Ch 21.4 ^332d49
• Ch 23.3 ^8795dc

Limitations of Laissez-Faire

• Ch 19.2 ^54cf1c

---

Secondary Materials

10/16/24 https://www.youtube.com/watch?v=bABObsWIEy8

---

Handwritten Notes

A scanned copy of handwritten notes on The General Theory of Employment, Interest and Money by John Maynard Keynes.