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The Origin and the Future of the Keynesian General Theory (Dedicated to the 75th anniversary of the book’s first publication)

Mstislav P. Afanasiev ()
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Mstislav P. Afanasiev: Budget and Treasury Academy of the Ministry of Finance of the Russian Federation, Moscow, Russia

Finansovyj žhurnal — Financial Journal, 2011, issue 1, 151-156

Abstract: Year 2011 marks the 75th anniversary of the first publication of The General Theory of Employment, Interest and Money by John Maynard Keynes (1936). The article author dwells on the origin of the theory, describes its key provisions and concepts. He notes that it was J. M. Keynes who laid the foundation of the modern macroeconomics as a separate discipline. The article author concludes that the role the Keynesian revolution has played in the economic theory development has always been exceptional.

Keywords: J. M. Keynes; The General Theory; Keynesianism; macroeconomics (search for similar items in EconPapers)
JEL-codes: B22 B31 E12 (search for similar items in EconPapers)
Date: 2011
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