Mr. Keynes and the Classics

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"Mr. Keynes and the Classics" is a seminal 1937 article by economist John R. Hicks that introduced the IS-LM framework to synthesize and contrast Keynesian and classical macroeconomic theory.

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Mr. Keynes and the Classics canonical 1

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Statements (44)

Predicate Object
instanceOf academic article ⓘ
economics paper ⓘ
macroeconomics paper ⓘ
addresses interaction of saving and investment ⓘ
liquidity preference and money demand ⓘ
role of interest rate in macroeconomic equilibrium ⓘ
unemployment in Keynesian and classical models ⓘ
analyzes goods market equilibrium ⓘ
money market equilibrium ⓘ
relationship between interest rate and income ⓘ
associatedWith Hicksian interpretation of Keynes ⓘ
neoclassical–Keynesian synthesis ⓘ
author John R. Hicks ⓘ
comparesWith Keynesian theory ⓘ
classical macroeconomic theory ⓘ
contribution contrasted Keynesian and classical models of income determination ⓘ
helped establish the neoclassical–Keynesian synthesis ⓘ
provided a diagrammatic representation of Keynesian macroeconomics ⓘ
field economics ⓘ
macroeconomics ⓘ
focusesOn formalization of Keynes’s General Theory ⓘ
synthesis of Keynesian and classical theory ⓘ
genre scholarly article ⓘ
hasAuthorNationality British ⓘ
historicalSignificance early formalization of Keynesian macroeconomics ⓘ
seminal contribution to IS-LM analysis ⓘ
impact became a standard tool in macroeconomic teaching ⓘ
shaped postwar macroeconomic policy analysis ⓘ
influencedBy John Maynard Keynes ⓘ
The General Theory of Employment, Interest and Money ⓘ
introducesConcept IS curve ⓘ
IS-LM framework ⓘ
linked to: IS-LM model

LM curve ⓘ
language English ⓘ
mainTopic IS-LM model ⓘ
Keynesian economics ⓘ
classical economics ⓘ
macroeconomic theory ⓘ
period 20th-century economic thought ⓘ
proposesModel simultaneous equilibrium in goods and money markets ⓘ
publicationYear 1937 ⓘ
status seminal work in macroeconomics ⓘ
usedIn graduate economics education ⓘ
macroeconomics textbooks ⓘ

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John R. Hicks → notableWork → Mr. Keynes and the Classics ⓘ