Here is a tidbit I just found the end of R. G. Hawtrey’s long chapter on the General Theory in his volume Capital and Employment, (second edition, 1952) pp. 218-19. Unemployment in Great Britain seemed at the time [1935 when Keynes finished writing the General Theory] to be chronic: the number of unemployed had never … Continue reading Hawtrey on the Keynesian Explanation of Unemployment