Keynes and classical economics. Keynes begins the General theorywith a summary of the classical theory of employment as he saw it, which he encapsulates in his formulation of Say's Law as the dictum 'Supply creates its own demand'.
Keynes and classical economics. Keynes begins the General theorywith a summary of the classical theory of employment as he saw it, which he encapsulates in his formulation of Say's Law as the dictum 'Supply creates its own demand'.