An analysis of the impact of selected economic theories on principles of economic textbooks, 1928-1948
Key, Euell Dwayne
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This thesis will consider the introducrtion and acceptance of monopolistic competition and Keynesian analysis into principles of economics textbooks. This study will attempt to unravel the possible reasons for the relatively rapid acceptance of monopolistic competition as contrasted to the relatively slow acceptance of Keynes's theory into the body of elementary economics. This thesis is limited to a comparison Of these two major contributions to economic principles: that of monopolistic competition, and that of Keynesian analysis. Why were these two theories selected? If one surveyed all the principles books today, he would find that the major portion of these books are devoted to some phase of price theory and income analysis. Both have their roots in the theories which this thesis will examine.