Public Policy Implications

Brendan Sheehan
Additional contact information
Brendan Sheehan: Leeds Metropolitan University

Chapter 12 in Understanding Keynes’ General Theory, 2009, pp 232-265 from Palgrave Macmillan

Abstract: Abstract Keynes constructs the General Theory model to consider the condition of capitalism and to address the big policy issues of the day. In the 1930s the condition of capitalism was dire; hence the need to explain how advanced, prosperous nations can experience a long-lasting slump and extremely high levels of unemployment. The number one issue for Keynes is what should be done to cure the economic slump and save capitalism, before it is replaced with something else.1 What is often insufficiently appreciated by new readers of Keynes is that many of his policy recommendations preceded the General Theory. Keynes’ model provides the analytical diagnosis to underpin his previously specified cure.

Keywords: Foreign Direct Investment; Monetary Policy; Central Bank; Money Demand; Full Employment (search for similar items in EconPapers)
Date: 2009
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:palchp:978-0-230-23285-3_12

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230232853

DOI: 10.1057/9780230232853_12

Access Statistics for this chapter

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