Jump to ContentJump to Main Navigation
The Keynesian Revolution in the Making, 1924–1936$
Users without a subscription are not able to see the full content.

Peter Clarke

Print publication date: 1990

Print ISBN-13: 9780198202196

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780198202196.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 23 July 2021

. The Treatise under the harrow

. The Treatise under the harrow

(p.231) 10. The Treatise under the harrow
The Keynesian Revolution in the Making, 1924–1936

Peter Clarke

Oxford University Press

In the 1920s, it is true that Keynes's policy intuitions, fuelled by his political commitments, had often outrun the justifying theory, which was dragged along behind until ultimately they were reconciled in the exposition of the Treatise to the Macmillan Committee. The General Theory has likewise been depicted as ‘the apotheosis of opportunism’. This is based on the fact that ‘a new theory’ would be ‘virtually certain to sell’, if it satisfied the proviso that ‘to be a new theory it had to set up and knock down an orthodox theory’. If Harry Johnson's hypothesis were valid, one would expect the shift from the Treatise position to be signalled by some more obvious external ideological purchase available to the General Theory.

Keywords:   General Theory, Treatise, Keynes, Macmillan Committee, Harry Johnson

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .