The Past and Future of Keynesian Economics: A Review Essay

CSWP 35 (April 2019)

Author Tony Aspromourgos

Keywords John Maynard Keynes; Keynesianism; Pierangelo Garegnani.

JEL B22; B31.

The recently published Elgar Companion to John Maynard Keynes (2019) is a major new contribution to Keynes scholarship, with sixty-three participants contributing ninety-five distinct entries, in 632 pages of text proper. This review essay provides an overview and assessment of the character and content of the work. It does so also via consideration of the question of Keynes’s key theoretical achievements; the relation between Keynes’s thought and the main currents of subsequent Keynesian economics; Keynes’s policy sensibility vis-à-vis ‘Keynesian’ policy; and finally, the question as to what is of enduring validity and greatest importance in Keynes’s economics, for the future.

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