The General Theory of Employment

John Maynard Keynes

Quarterly Journal of Economics, February 1937

  1. What are "the methods of the classical economic theory" to which Keynes refers on p. 213?
  2. What does Keynes mean by "uncertainty"? (pp. 213-14)
  3. How does "uncertain" differ from "improbable"?
  4. Why, in the "classical world," would it be "insane" to hold money as a store of wealth (pp. 215-16)?
  5. What role does the rate of interest play in Keynes's theory (pp. 216-18)?
  6. How does Keynes's theory of interest connect with his theory of investment (pp. 218-19)?
  7. In section III, Keynes outlines his theory of output. What role does investment play in that theory?
  8. Why is output "so liable to fluctuation"?