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The crisis in macro and the limitations of the economics of Keynes – or why the master will not return unless his General Theory is dressed up in neo-modern clothes

In: Keynes’s General Theory for Today

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  • Teodoro Dario Togati

Abstract

The themes of this important new volume were chosen to mark the 75th anniversary of the publication of The General Theory of Employment, Interest and Money. The distinguished authors concentrate on the relevance of this seminal publication for macroeconomic theory, method and the politics of today. This is particularly pertinent as similarities with the 1930s are striking in terms of unemployment, low growth, financial fragility and the European monetary union resembling the gold standard.

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  • Teodoro Dario Togati, 2012. "The crisis in macro and the limitations of the economics of Keynes – or why the master will not return unless his General Theory is dressed up in neo-modern clothes," Chapters, in: Jesper Jespersen & Mogens Ove Madsen (ed.), Keynes’s General Theory for Today, chapter 3, pages 40-59, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:15049_3
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