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New Wisdom from Old Books

In: Economics for Sustainable Prosperity

Author

Listed:
  • Steven Hail

    (University of Adelaide)

Abstract

This chapter provides a brief description of the first serious attempt at a realistic model of the economy, as outlined by Keynes in his General Theory and four subsequent academic papers. In these works, Keynes laid the foundations for what became known after his death as Post-Keynesian economics. The chapter also includes a discussion of the important contributions made by one contemporary of Keynes and two later economists to the development of a realistic macroeconomics.

Suggested Citation

  • Steven Hail, 2018. "New Wisdom from Old Books," Binzagr Institute for Sustainable Prosperity, in: Economics for Sustainable Prosperity, chapter 0, pages 63-99, Palgrave Macmillan.
    • Handle: RePEc:pal:bifchp:978-3-319-90981-3_3
    DOI: 10.1007/978-3-319-90981-3_3
    as

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