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Keynes and Keynesians

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  • Atanas Leonidov

Abstract

An attempt was made to evaluate entirely and objectively Keynes’ place in economics, his extraordinary approaches and views on: the crucial role of investments in relation to savings under the conditions of crises and stagnation in economy; the major significance of the fiscal policy as an instrument of macroeconomic regulation; the inefficient cut of government expenditure under depression; the moderate conservative nature of his social philosophy. The evolution of the main Keynesian Schools and trends is monitored – New Keynesians, Post Keynesians in two versions (the English Cambridge School and the American Monetary System), the Non-Equilibrium analysis and New Keynesians.

Suggested Citation

  • Atanas Leonidov, 2010. "Keynes and Keynesians," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 3-22.
    • Handle: RePEc:bas:econth:y:2010:i:3:p:3-22
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    References listed on IDEAS

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    1. Thomas I. Palley, 2009. "After the Bust: The Outlook for Macroeconomics and Macroeconomic Policy," Economics Public Policy Brief Archive ppb_97, Levy Economics Institute.
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    JEL classification:

    • B20 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - General
    • B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General

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