John Maynard Keynes and the Theory of the Monetary Economy

  • Hans-Joachim Stadermann
  • Otto Steiger
Part of the The European Heritage in Economics and the Social Sciences book series (EHES, volume 11)


Starting with an outline of the life and career of John Maynard Keynes, the paper focuses on his “Monetary Theory of Production” as a challenge to “the Classical School”. As the title of the paper reveals, it analyses whether Keynes understood the conditions of the existing monetary economy.


Central Bank Commercial Bank Aggregate Demand Corporate Bond Monetary Economy 
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Authors and Affiliations

  1. 1.Berlin School of Economics and Law, Hochschule für Wirtschaft und Recht BerlinBerlinGermany
  2. 2.Institut für Konjunktur- und Strukturforschung (IKSF), FB 7 – WirtschaftswissenschaftenUniversität BremenBremenGermany

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