Keynes's General Theory Reinterpreted: Unemployment Explained, Investment Critiqued, Equilibrium Modeled.
The article discusses Tom Asimakopulos's interpretation of Keynes's General Theory, focusing on the theory of employment equilibrium analysis. Asimakopulos highlights the departure of Keynes's General Theory from his earlier writings, the link between money and uncertainty, and the analysis of involuntary unemployment through a five-equation model. He also critiques Keynes's analysis of investment and presents a formal model of short-period equilibrium that resembles neoclassical synthesis models.