The General Theory at 80: Reflections on the history and enduring relevance of Keynes’ economics

IF 0.6 4区经济学 Q4 ECONOMICS

Investigacion Economica Pub Date : 2017-07-01 DOI:10.1016/j.inveco.2017.12.003

Thomas Palley

引用次数: 6

Abstract

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.

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80岁的通论：对凯恩斯经济学的历史和持久相关性的思考

本文反思了凯恩斯经济学的历史和持久的相关性。凯恩斯对古典宏观经济学进行了毁灭性的批判，并引入了一种新的替代模式来定义宏观经济学。凯恩斯主义革命的成功引发了一场反革命，这场反革命恢复了古典传统，现在又强制实行了一种新的古典垄断。这种垄断为新自由主义提供了思想基础，而新自由主义产生了与上世纪30年代类似的经济和政治条件。对凯恩斯主义思想的开放程度似乎随条件而波动，而当前的条件有利于凯恩斯主义革命的复兴。然而，复兴将不得不克服重新确立的古典垄断。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Investigacion Economica ECONOMICS-

CiteScore

1.00

自引率

0.00%

发文量

期刊介绍： It is a specialized journal, bilingual (Spanish and English), plural and critical, which accepts and publishes scientific research articles in national and international economy. It is considered a public good that belongs to the University and society. Its vocation is to analyze the evolution of the theoretical and practical economics. In its pages the paradigms of economics, history of economic thought, the theories and debates about economic policy and its consequences, the diagnosis of the Mexican economy, the economic development of Latin America and the problems spread the world economy in general. It is a journal that does not discriminate plural none paradigm; theoretical orientation is unorthodox for epistemological reasons, not ideological preferences.