Abstract:
In this article I would like to examine one innovation that Keynes
introduced into economics with The General Theory of Employment,
Interest and Money, namely, the relationship of uncertainty
to investment. In Section I1 I shall argue that this theme had
existed in Keynes’ writings as early as 1908 and was essential to his
main thesis of 1936.’ In Section I11 I shall try to suggest why this
innovation effectively disappeared from view as Keynes’ own work
was transformed by others into Keynesianism or Keynesian
economics....
