The General Theory - Ch. 4

The Choice of Units

“Much unnecessary perplexity can be avoided if we limit ourselves strictly to the two units, money and labour, when we are dealing with the behaviour of the economic system as a whole” – Keynes, The General Theory, Chapter 4

“Now let’s look at these ideas in a two-dimensional context:” – Abraham & Shaw, Dynamics: The Geometry of Behaviour

You might think …