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The following passage appears in the first chapter of The General Theory

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The following passage appears in the first chapter of The General Theory. Explain in your own words what Keynes means when he argues that the classical theory is a special case. Why are there multiple equilibria in Keynes’s system? What are the ‘facts of experience’ to which he is referring?

I shall argue that the postulates of the classical theory are applicable to a special case only and not to the general case, the situation which it assumes being a limiting point of the possible positions of equilibrium. Moreover, the characteristics of the special case assumed by the classical theory happen not to be those of the economic society which we actually live, with the result that its teaching is misleading and disastrous if we attempt to apply it to the facts of experience.