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Are we all Keynesians?

Author

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  • Marc Lavoie

Abstract

This essay asks whether we are all becoming Keynesians again. It offers some thoughts about the impact of the financial crisis on macroeconomic theory and Keynesian theory, and on post-Keynesian theory in particular. It is argued that the crisis does have obvious effects on how Keynesianism is being perceived by decision makers, and that some effects are also observed on academia. However, there are forces within the economics profession and the population at large which are resistant to this second coming of the Keynesian revolution. JEL classification: B4; B5.

Suggested Citation

  • Marc Lavoie, 2010. "Are we all Keynesians?," Brazilian Journal of Political Economy, Center of Political Economy, vol. 30(2), pages 189-200.
    • Handle: RePEc:ekm:repojs:v:30:y:2010:i:2:p:189-200:id:437
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    File URL: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/437/428
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    Citations

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    Cited by:

    1. J. E. King, 2012. "Post Keynesians and Others," Review of Political Economy, Taylor & Francis Journals, vol. 24(2), pages 305-319, April.
    2. Heider Felix, 2020. "Die postkeynesianische Ökonomik in der Finanzethik des katholischen Sozialethikers Bernhard Emunds – Diskussion aus einer angebotsorientierten Perspektive," Journal for Markets and Ethics, Sciendo, vol. 8(2), pages 1-24, December.
    3. Ali Shaddady & Mohammed Alsaggaf, 2020. "Issues that Matter When Behavioral Finance Factors Drive the Largest Initial Public Offering in the Saudi Financial Market," International Journal of Economics and Financial Issues, Econjournals, vol. 10(6), pages 106-117.

    More about this item

    Keywords

    keynesianism; financial crisis; macroeconomics; counter revolution;
    All these keywords.

    JEL classification:

    • B4 - Schools of Economic Thought and Methodology - - Economic Methodology
    • B5 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches

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