EconPapers    
Economics at your fingertips  
 

Keynes’s Revolution: The Evidence Showing Who Killed Cock Robin

Paul Davidson

Chapter 12 in John Maynard Keynes, 2007, pp 169-189 from Palgrave Macmillan

Abstract: Abstract In his 1935 New Year’s Day letter to George Bernard Shaw, Keynes indicated that he was writing a book that would revolutionize economic theory through its real-world description of an economy where liquidity and money contracts played a dominant role in the organization of production and exchange processes. For several decades after World War II economists spoke about this Keynesian Revolution in economic theory and policy. In 1971, even an American president, Richard M. Nixon, announced, “now I am a Keynesian”. Today, however, the teaching of Keynes’s revolution in theory and policy is dead, at least in economics textbooks, the writings of mainstream economists, and speeches of government policy makers, whether they be “liberal” or “conservative”.

Date: 2007
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:gtechp:978-0-230-23547-2_12

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230235472

DOI: 10.1007/978-0-230-23547-2_12

Access Statistics for this chapter

More chapters in Great Thinkers in Economics from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().

 
Page updated 2025-03-31
Handle: RePEc:pal:gtechp:978-0-230-23547-2_12