Keynesian Revolution - Wikipedia
The Keynesian Revolution was a fundamental reworking of economic theory concerning the factors determining employment levels in the overall economy. The revolution was set against the then orthodox economic framework, namely neoclassical economics .
Keynesian economics | Definition, Theory, Examples, & Facts
Keynesian economics, body of ideas set forth by John Maynard Keynes in his General Theory of Employment, Interest and Money (1935–36) and other works, intended to provide a theoretical basis for government full-employment policies.
Keynesian Economics: Theory and How It’s Used - Investopedia
2024年10月6日 · Keynesian economics is a macroeconomic theory of total spending in the economy and its effects on output, employment, and inflation. It was developed by British economist John Maynard Keynes...
What Is Keynesian Economics? - Back to Basics - IMF
Keynesian economists justify government intervention through public policies that aim to achieve full employment and price stability. The revolutionary idea Keynes argued that inadequate overall demand could lead to prolonged periods of high unemployment.
2 - The Keynesian revolution - Cambridge University Press
The Keynesian revolution is the central feature of twentieth-century macroeconomics. It has been praised, condemned and subjected to extensive historical analysis, sometimes being used as a case study in the philosophy of science.
The Keynesian Revolution - Boston Review
2020年7月13日 · The Keynesian Revolution. A new biography reveals the full scope of John Maynard Keynes’s critique of unfettered capitalism, emphasizing the economist’s larger philosophical vision of the good life.
The Keynesian Revolution - SpringerLink
The impact Keynes had on economics with his book The General Theory is what is known as the Keynesian Revolution in economic thought. This Keynesian Revolution is one of the most remarkable episodes in the entire history of economic thought; never before had the...
Lecture 19 - The Keynesian Revolution - Cambridge University …
2023年8月9日 · Summary. Aims of the lecture. 1. To explain how the way economists thought about macroeconomic problems changed in the decade after The General Theory. 2. To show that this question is not the same as assessing what was novel about The General Theory, or what Keynes believed he was doing, and that insofar as Keynes’s book had a big effect ...
Keynesian Revolution - SpringerLink
2017年1月1日 · The term ‘Keynesian Revolution’ suggests that Keynes’s General Theory (1936) overthrew a defective and discredited classical orthodoxy and created a new understanding of how economies work.
Rethinking the Keynesian Revolution: Keynes, Hayek, and the …
2012年9月1日 · While standard accounts of the theoretical debates in 1930s economic thought invariably pit John Maynard Keynes against Friedrich von Hayek, this reflexive dichotomy is in many respects exceedingly superficial. It is the argument of this book that both Keynes and Hayek developed their respective theories of the business cycle within the ...