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In the preface to The General Theory, Keynes wrote: The composition of this book has been for the author a long struggle of escape, and so must the reading of it be for most readers if the author's assault upon them is to be successful, -a struggle of escape from habitual modes of thought and expression. The ideas which are here expressed so laboriously are extremely simple and should be ob-vious. The difficulty lies, not in the new ideas, but in escaping from the old ones, which ramify, for those brought up as most of us have been, into every corner of our minds. (Keynes, 1936, p. viii)Unfortunately, many of the old ideas Keynes was able to escape are alive and well in neoclassical economics today, and as simple as Keynes' new ideas may be, they are not well understood within the discipline of economics. I believe the failure of policy makers to assimilate Keynes' simple ideas led directly to the adoption of the economic policies that culminated in the Crash of 2008 and the economic stagnation that followed. I also believe the reason for this failure is an inability to appreciate the role of Marshall in the development of Keynes' thought. I find Keynes' simple ideas to be easily understood from the perspective of Marshall and beyond the ken of the Walrasian paradigm of neoclassical economics.While the purpose of this monograph to provide a definitive explanation of the way in which the rate of interest is determined and to explain the connection be-tween the central thesis of Keynes' General Theory and the economic, political, and social problems we face today, the manuscript is written in such a way as to explain Keynes' general theory from the perspective of Marshall. As such, it is a primer on The General Theory of Employment Interest and Money, directed toward economics students in the hope that it will facilitate among the young a better understanding of Keynes' work and of the way in which the economic sys-tem actually works in the real world. George H. BlackfordJuly 4, 2018

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