This book retraces the history of macroeconomics from Keynes's General Theory to the present. Central to it is the contrast between a Keynesian era and a Lucasian - or dynamic stochastic general equilibrium (DSGE) - era, each ruled by distinct methodological standards. In the Ke…
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This book retraces the history of macroeconomics from Keynes's General Theory to the present. Central to it is the contrast between a Keynesian era and a Lucasian - or dynamic stochastic general equilibrium (DSGE) - era, each ruled by distinct methodological standards. In the Ke…
"In the aftermath of the 2008 financial crisis, economists around the world have advanced theories to explain the persistence of high unemployment and low growth rates. According to Roger E.A. Farmer, these theories can be divided into two leading schools of thought: the ideas o…
The Elgar companion to John Maynard Keynes
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Type: Book
The most influential and controversial economist of the twentieth century, John Maynard Keynes was the leading founder of modern macroeconomics, and was also an important historical figure as a critic of the Versailles Peace Treaty after World War I and an architect of the Brett…
"In 2005 Luigi Pasinetti was asked by his friend and colleague Pier Paolo Varri1 how he would like his 75th birthday to be celebrated. Pasinetti immediately replied: "let us discuss my new book!". The book was of course Keynes and the Cambridge Keynesians, which was almost finis…
This book examines the philosophy and methodology of Keynes, highlighting its novelty and how it presented a new form of economic reasoning. Exploring Keynes's use of non-demonstrative logic, based on probability, commonalities are found in his economics, ethics, aesthetics, and…
