Introduction
The General Theory was designed to accomplish three main objectives. First, it contains a devastating attack on classical theory, the purpose of which was to convince economists and members of Britain's intellectual, business, and political elites that the theory that informed their economic worldview and provided essential support for the disastrous conservative economic policies of the era was fundamentally flawed.
Second, it presented a radically new theory of modern capitalism informed by a different methodology than the one used in classical theory. Third, Keynes used his new theory to argue in The General Theory that unless Liberal Socialism replaced capitalism in Britain and elsewhere, the world was likely to remain mired in economic stagnation amid rising political distress.