A Post Keynesian Theory of the State

Steven Pressman

Chapter 6 in Alternative Theories of the State, 2006, pp 113-138 from Palgrave Macmillan

Abstract: Abstract From the end of World War II until the mid-1970s, Keynesian macroeconomics dominated the discipline of economics, and developed economies performed extremely well. On every important measure of economic performance — unemployment, inflation, productivity growth and rising living standards — the 1950s, the 1960s and the early 1970s were a Golden Age of capitalism. Economic life was getting better and Keynesian economics was thought to be responsible for this (see Cornwall, 1994).

Keywords: Public Choice; Fiscal Policy; Rational Expectation; Budget Deficit; Ultimatum Game (search for similar items in EconPapers)
Date: 2006
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DOI: 10.1057/9780230372795_6

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