THE ‘KEYNESIAN REVOLUTION’ IN THE HISTORY OF ECONOMIC THOUGHT

Teodor Sedlarski

Yearbook of the Faculty of Economics and Business Administration, Sofia University, 2016, vol. 14, issue 1, 217-234

Abstract: This article suggests an approach to teaching Keynesian ideas in the History of Economic Thought course. Summarized are key concepts of Keynes’ General Theory, as well as major Keynesian contributions to the development of economic ideas in the mid-20th century. After a short biographical note characteristics of the Keynesian economic method are outlined together with basic concepts and insights for economic policy, ensuing from the theoretical analysis.

Keywords: General theory; ‘Keynesian cross’; Marginal propensity to consume; Investment multiplier; Dirigisme; Marginal efficiency of capital; Paradox of thrift; Haavelmo theorem. (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:sko:yrbook:v:14:y:2016:i:1:p:217-234

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