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Enrichment

Keynes and the General Theory - 80 Years On

There are numerous articles being published to recognise the eightieth anniversary of the publication the General Theory of Interest Employment and Money by John Maynard Keynes. This blog entry will curate links to many of them to help students who want to understand more and explore Keynesian ideas and their contemporary relevance.

In showing how economics could remain stuck in an “underemployment” equilibrium, Keynes challenged the central idea of the orthodox economics of his day: that markets for all commodities, including labour, are simultaneously cleared by prices. And his challenge implied a new dimension to policymaking:governments may need to run deficits to maintain full employment.

Examining Keynes's legacy, 80 years on Robert Skidelsky

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