Keynesian Ideas, Keynesianism and Keynesian Social Democracy

Tim Battin
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Tim Battin: University of New England

Chapter 1 in Abandoning Keynes, 1997, pp 15-31 from Palgrave Macmillan

Abstract: Abstract The collapse of the Keynesian paradigm and the concomitant decline of social democracy call forth a discussion of concepts such as ‘Keynesian economics’, ‘Keynesianism’ and ‘Keynesian social democracy’. All of these terms, and others beside, have varying degrees of relevance to the retreat from full employment and the policies we have associated with the Keynesian period. In addition, each has a varying level of specificity, with Keynesian economics being the most specific (though still a contested) concept. Keynesianism, on the other hand, is a very broad term and, subsequently, its use is fraught with some danger. A term that is often used in preference to ‘Keynesianism’ is ‘Keynesian social democracy’. Although the argument in this chapter is that it is meaningful to ascribe conceptions of socialism and social democracy to Keynesianism, we have to be aware that the nature of the Keynesian legacy is itself highly contested terrain.1

Keywords: Full Employment; Neoclassical Economist; Social Democracy; Social Democrat; Political Democracy (search for similar items in EconPapers)
Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-14350-4_2

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DOI: 10.1007/978-1-349-14350-4_2

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