Abstract
D.H. Robertson was the erstwhile friend, colleague and collaborator of Keynes at Cambridge in the 1920s; but when Keynes changed direction in the 1930s, Robertson became the principal critic of the Keynesian Revolution. This paper examines the issues that divided them and establishes a criterion on which the issues can be judged. It is argued that whereas the fallacy of composition was an essential ingredient of Keynes’s move forward towards the General Theory; Robertson, because of the different way in which his theory developed, failed to see the significance of the concept, with the result that his argument contained a logical flaw that vitiated his attack on Keynes.
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© 2006 Gordon Fletcher
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Fletcher, G. (2006). Robertson, Keynes and the Keynesian Revolution. In: Dennis Robertson. Palgrave Macmillan, London. https://doi.org/10.1057/9780230595903_13
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DOI: https://doi.org/10.1057/9780230595903_13
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-28533-4
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