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Keynes on Economic Stagnation and Debt

George H. Blackford

International Journal of Political Economy, 2021, vol. 50, issue 1, 28-43

Abstract: The purpose of this article is to explain how the failure of neoclassical economics to embrace Keynes’ arguments with regard to the long-run tendency of the economic system to trend toward stagnation and to ignore the problems endemic in the economics of debt facilitated the adoption of economic policies in the United States that contributed to the economic, political, and social problems we face today.

Date: 2021
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DOI: 10.1080/08911916.2021.1894826

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Handle: RePEc:mes:ijpoec:v:50:y:2021:i:1:p:28-43