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Introduction

In: Keynes’s General Theory After Seventy Years

Author

Listed:
  • Robert W. Dimand

    (Brock University
    McMaster University)

  • Robert A. Mundell

    (Columbia University)

  • Alessandro Vercelli

    (University of Siena)

Abstract

John Maynard Keynes never ceases to fascinate macroeconomists, whether they see themselves as his disciples, as his opponents, or as eclectics drawing insight both from him and from earlier competing or complementary traditions. The questions that Keynes raised — about the stability of the economy, the economic role of government, the proper institutional framework of the world economy, and the relation of economic decisions to an uncertain future — remain as vital as when he posed them. The economics of Keynes thus meets Joseph Schumpeter’s criterion for great ideas: most ideas disappear in a period varying from an after-dinner hour to a generation, but the great ones keep coming back, not as unidentifiable strands of a cultural heritage but in recognizable form.

Suggested Citation

  • Robert W. Dimand & Robert A. Mundell & Alessandro Vercelli, 2010. "Introduction," International Economic Association Series, in: Robert W. Dimand & Robert A. Mundell & Alessandro Vercelli (ed.), Keynes’s General Theory After Seventy Years, pages 1-7, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-0-230-27614-7_1
    DOI: 10.1057/9780230276147_1
    as

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