Read more at: The Fall and Rise of Keynesian Economics
The Fall and Rise of Keynesian Economics
8 June 2011
Written by John Eatwell and Murray Milgate: During the 1970s, when doctrines like monetarism and new classical macroeconomics ushered in an era of neoliberal economic policymaking, Keynesian economics was pushed aside. It was almost forgotten that when Keynesian thinking had dominated economic policymaking in the middle...