The Attempt to Revitalize Keynes' Theory

Zsuzsa Ortutay

Theory Methodology Practice (TMP), 2002, vol. 1, issue 01, 33-40

Abstract: The article gives a summary of the renewal attempts of the only, through decades dominant general economic theory, the Keynesian economics. Because of the lack of microeconomic bases and the changes happened on the commodity-, labour-, and money markets of the modern economies, the Keynesian theory cannot give any more explanations and directions for such macroeconomic phenomena as the unemployment and the cyclic fluctuation of the economy, which the sensitivity of those living in market economies has significantly grown to.

Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:mic:tmpjrn:v:1:y:2002:i:01:p:33-40

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