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[The Fate of Keynesianism in the 21 century]


  • Tang, Linyao


Abstract: Professor Zhang Weiying believes that the Keynesianism can’t provide the answer to solve the crisis of 2008; if the economy can be expanded as long as stimulating the demand, we have long entered the communist society. He advocates stepping up the production through the Property System and the Incentive Mechanism in the angle of the Austrian School. Meanwhile, the Nobel Economics Prize winner Paul Krugman's "the return of depression on economics and the crisis of 2008" conveys the core concept of "the return of depression on economics", which, precisely, is the idea of the revival of the Keynesianism.

Suggested Citation

  • Tang, Linyao, 2009. "试论凯恩斯主义的当代命运
    [The Fate of Keynesianism in the 21 century]
    ," MPRA Paper 26199, University Library of Munich, Germany, revised Jul 2009.
  • Handle: RePEc:pra:mprapa:26199

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    Key words: effective demand; neo-liberalism; depression economics.;

    JEL classification:

    • B0 - Schools of Economic Thought and Methodology - - General
    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian
    • A1 - General Economics and Teaching - - General Economics
    • B53 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Austrian
    • B24 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Socialist; Marxist; Scraffian


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