History of Economic Thought (Economic Doctrines)

  1. The Keynesian Revolution
    1. Historical Context
      1. Great Depression
        1. Failure of Classical Remedies
          1. Mass Unemployment
            1. Deflation and Economic Collapse
            2. Pre-Keynesian Macroeconomic Thought
              1. Say's Law and Classical Theory
                1. Quantity Theory of Money
                  1. Real Balance Effect
                    1. Automatic Adjustment Mechanisms
                    2. John Maynard Keynes
                      1. Early Works
                        1. Indian Currency and Finance
                          1. Economic Consequences of the Peace
                            1. Tract on Monetary Reform
                              1. Treatise on Money
                              2. General Theory of Employment Interest and Money
                                1. Critique of Classical Theory
                                  1. Principle of Effective Demand
                                    1. Consumption Function
                                      1. Marginal Propensity to Consume
                                        1. Psychological Law of Consumption
                                        2. Investment Theory
                                          1. Marginal Efficiency of Capital
                                            1. Animal Spirits
                                              1. Investment Instability
                                              2. Money and Interest
                                                1. Liquidity Preference Theory
                                                  1. Speculative Demand for Money
                                                    1. Liquidity Trap
                                                    2. Employment Theory
                                                      1. Involuntary Unemployment
                                                        1. Underemployment Equilibrium
                                                        2. Multiplier Effect
                                                          1. Role of Government
                                                            1. Fiscal Policy
                                                              1. Public Investment
                                                          2. Early Keynesian Developments
                                                            1. John Hicks and IS-LM Model
                                                              1. Alvin Hansen and Secular Stagnation
                                                                1. Paul Samuelson and Multiplier-Accelerator

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                                                              10. Institutional Economics

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                                                              12. Post-War Economic Thought