The Great Depression

  title={The Great Depression},
  author={Roger E. A. Farmer},
This paper is about the explanation of the Great Depression given in Keynes’ General Theory. There are two key ideas in this book that set it apart from pre-Keynesian economics: The first is that there is something distinctive about the labor market that makes the marginal disutility of labor different in general from the real wage. The second is that… CONTINUE READING