Thursday , January 18 2018
Home / V. Ramanan: Concerted Action / Thomas Palley — The General Theory At 80

Thomas Palley — The General Theory At 80

Summary:
Thomas Palley — The General Theory At 80Thomas Palley’s new paper titled, The General Theory At 80: Reflections On The History And Enduring Relevance Of Keynes’ Economics:This paper reflects on the history and enduring relevance of Keynes’ economics. Keynes unleashed a devastating critique of classical macroeconomics and introduced a new replacement schema that defines macroeconomics. The success of the Keynesian revolution triggered a counter-revolution that restored the classical tradition and now enforces a renewed classical monopoly. That monopoly has provided the intellectual foundations for neoliberalism which has produced economic and political conditions echoing the 1930s. Openness to Keynesian ideas seems to fluctuate with conditions, and current conditions are conducive to

Topics:
V. Ramanan considers the following as important: , ,

This could be interesting, too:

David F. Ruccio writes What’s the matter with America?

Dan Crawford writes Open thread Jan. 16, 2017

Spencer England writes France called ……………….they want their statue back

Lars Syll writes Simon Wren-Lewis — anti-pluralist mainstream flimflam defender

Thomas Palley — The General Theory At 80

Thomas Palley’s new paper titled, The General Theory At 80: Reflections On The History And Enduring Relevance Of Keynes’ Economics:

This paper reflects on the history and enduring relevance of Keynes’ economics. Keynes unleashed a devastating critique of classical macroeconomics and introduced a new replacement schema that defines macroeconomics. The success of the Keynesian revolution triggered a counter-revolution that restored the classical tradition and now enforces a renewed classical monopoly. That monopoly has provided the intellectual foundations for neoliberalism which has produced economic and political conditions echoing the 1930s. Openness to Keynesian ideas seems to fluctuate with conditions, and current conditions are conducive to revival of the Keynesian revolution. However, a revival will have to overcome the renewed classical monopoly.

[The tile is the link]

Leave a Reply

Your email address will not be published. Required fields are marked *