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Economic Inquiry, 1975
The General Theory maintains that capitalist economies under then orthodox regimes of economic policy would tend to experience stagnation and large-scale unemployment. Laisser faire economies could not sustain high enough rates of steady growth to absorb growing working populations at rising real incomes.
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The General Theory maintains that capitalist economies under then orthodox regimes of economic policy would tend to experience stagnation and large-scale unemployment. Laisser faire economies could not sustain high enough rates of steady growth to absorb growing working populations at rising real incomes.
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The fall and rise of Keynesian economics
Economic Record, 1988Keynesian economics came under much criticism in the 1970s This paper argues that the decline in Keynesian economics and the rise in, notably, new classical economics in this period related to their respective theoretical appeal rather than their ability to explain developments in the macroeconomy.
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Kalecki and Post-Keynesian Economics
2014Michal Kalecki is recognized by many observers as an important contributor and inspiration of post-Keynesian economics.2 For instance, Joan Robinson, Geoff Harcourt and Malcolm Sawyer have constantly reasserted the importance and relevance of Kalecki’s work, arguing, as Philip Arestis (1996, p.
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The Triumph of Keynesian Economics
SSRN Electronic Journal, 2016This essay explains Keynesian economics as essentially an ex post rationale for policies Keynes thought were necessary to deal with deflation. In essence, he wanted inflation to compensate for deflation, but contrary to conservative dogma, Keynes was not a crude inflationist -- he wanted stable money and opposed both inflation and deflation.
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Agent-Based Keynesian Economics
1997In this paper Agent-based methods are adopted as a way of combining macroeconomics and microeconomics without founding one on the other. This leaves an opening for reconsideration of Keynesian macroeconomics, a reconsideration which results in a simulation model where money and finance plays a vital role.
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New Keynesian Economics / Post Keynesian Alternatives
2013The New Keynesian Economics has been the most significant development in economics in recent years. Does it actually build upon Keynes' work? In this volume, leading post Keynesian economists challenge New Keynesianism both on the grounds that it is not Keynesian, and does not provide an adequate account of our current economic problems.
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