Keynes Shatters Economic Paradigm, Reveals Flaws in Marshallian Analysis.
The General Theory written by J M Keynes in 1936 aimed to move away from the limited approach of Marshallian economics, which focused on analyzing one variable at a time. Keynes realized that this method was insufficient for understanding the complex interactions of multiple variables at the macro level. By breaking free from this approach, Keynes was able to provide more effective policy recommendations based on a broader analysis of economic factors.