Mr. Hicks and "Mr Keynes and the 'Classics': A Suggested Interpretation": A Suggested Interpretation

In his "Mr. Keynes and the 'Classics': A Suggested Interpretation," John Hicks says that he is building a model of John Maynard Keynes's General Theory of Employment, Interest and Money. He is not. What he is actually doing is creating a framework that combines the monetarist theories of Irving Fisher, the financial-market insights of Knut Wicksell, and the multiplier insights of Richard Kahn into one package.

Irving Fisher had a model with two markets: a market for the flow of...