by Summary:
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 ...
Topics:
Thomas Palley considers the following as important: Economics, Political Economy
This could be interesting, too:
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 [...]
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 ...
Topics:
Thomas Palley considers the following as important: Economics, Political Economy
This could be interesting, too:
tom writes Germany’s election & why it is important to understand the Ukraine War
Lars Pålsson Syll writes How inequality causes financial crises
Lars Pålsson Syll writes Andreas Cervenka och den svenska bostadsbubblan
Lars Pålsson Syll writes Debunking the balanced budget superstition