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Keynes and Keynesians


  • Atanas Leonidov


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

    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.
    2. Alla Kirova, 2010. "Estimation of the specific features of the New Keynesian Doctrine, compared to other schools in modern macroeconomics," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 28-45.
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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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