The Neo-Keynesian World
The "Neo-Keynesian World" is a survey of mainstream Keynesian macroeconomics. It covers the development and progress of Keynesian macroeconomics between the 1930s and the 1970s, in both theory and policy. From the responses to Keynes's General Theory to the construction of IS-LM and the Neoclassical-Keynesian Synthesis, and its impact on government policy. Covers also the debates on money wages, real balances, deficits, inflation and Phillips Curve. Part of the History of Economic Thought website. Useful supplement for an intermediate course in macroeconomics.
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Go to the "The Neo-Keynesian World" survey & essay at the History of Economic Thought Website.