The General Theory and Keynes for the 21st Century

Citation

Dow S, Jespersen J & Tily G (eds.) (2018) The General Theory and Keynes for the 21st Century. New Directions in Modern Economics. Cheltenham: Edward Elgar Publishing. https://doi.org/10.4337/9781786439888

Abstract
This book is devoted to the lasting impact of The General Theory (and Keynes’s thought) on macroeconomic theory, methodology and its relevance for understanding the post-crisis challenges of the 21st Century. A number of contributions take their departure from Keynes's presentation during the 1930's of his new macroeconomic understanding and its policy implications. Other chapters take a more pluralistic view of Keynes's ideas and their importance for contemporary debates. Further, it is demonstrated that many textbooks often misrepresent The General Theory and therefore cannot be a reliable guide to 21st Century economic policy.