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Are we all Keynesians?

Author

Listed:
  • Marc Lavoie

    (Department of Economics, University of Ottawa)

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, April.
    • Handle: RePEc:ekm:repojs:v:30:y:2010:i:2:id:95585
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    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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