# Did Keynes in the General Theory Significantly Misrepresent J S Mill?

Roy H Grieve

Research output: Working paperDiscussion paper

## Abstract

It has been alleged that J M Keynes, quoting in the General Theory a passage from J S Mill’s Principles, misunderstood the passage in question and was therefore wrong to cite Mill as an upholder of the ‘classical’ proposition that ‘supply creates its own demand’. We believe that, although Keynes was admittedly in error with respect to, so-to-say, the ‘letter’ of Mill’s exposition, he did not mislead readers as to the ‘substance’ of Mill’s conception. The purpose of this paper is to demonstrate that J S Mill did indeed stand for a ‘classical’ position, vulnerable to Keynes’s critique as developed in the General Theory.
Original language English Glasgow University of Strathclyde 1-25 26 13 Published - 2013

## Keywords

• keynes and the 'classics'
• john stuart mill
• say's law

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