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The Origin and the Future of the Keynesian General Theory (Dedicated to the 75th anniversary of the book’s first publication)

Author

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  • Mstislav P. Afanasiev

    (Budget and Treasury Academy of the Ministry of Finance of the Russian Federation, Moscow, Russia)

Abstract

Year 2011 marks the 75th anniversary of the first publication of The General Theory of Employment, Interest and Money by John Maynard Keynes (1936). The article author dwells on the origin of the theory, describes its key provisions and concepts. He notes that it was J. M. Keynes who laid the foundation of the modern macroeconomics as a separate discipline. The article author concludes that the role the Keynesian revolution has played in the economic theory development has always been exceptional.

Suggested Citation

  • Mstislav P. Afanasiev, 2011. "The Origin and the Future of the Keynesian General Theory (Dedicated to the 75th anniversary of the book’s first publication)," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 1, pages 151-156, January.
    • Handle: RePEc:fru:finjrn:110114:p:151-156
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    More about this item

    Keywords

    J. M. Keynes; The General Theory; Keynesianism; macroeconomics;
    All these keywords.

    JEL classification:

    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals

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