In Conclusion

Gordon A. Fletcher
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Gordon A. Fletcher: The University of Liverpool

Chapter 24 in The Keynesian Revolution and its Critics, 1987, pp 304-306 from Palgrave Macmillan

Abstract: Abstract Much recent criticism of the Keynesian Revolution results from confusion in the minds of the critics between the difficulties that have arisen in the application of Keynes’s ideas, and the core of his theory. The residual problem of application is largely political, in the sense that Keynesian economics is inherently vulnerable to pressures which arise through the political process in a democratic society. But the question remains of whether these problems are more intractable than those which stem from the alternative laissez-faire approach.

Keywords: Full Employment; Effective Demand; Main Priority; Residual Problem; Keynesian Economic (search for similar items in EconPapers)
Date: 1987
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DOI: 10.1007/978-1-349-08736-5_24

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