Abstract
About 20 years ago the phrase ‘we are all Keynesians now’2 was commonplace. Keynesian economics was so in the ascendency that there was practically no alternative. ‘National income analysis’, as Keynesian economics was frequently called, was macroeconomics. There were isolated pockets of resistance but they were not to be found in the major centres of economics.
Part of the research for this paper was undertaken whilst I was the holder of a Senior Research Fellowship funded by the Economic and Social Research Counci1. I am grateful to the Council for this support. In an earlier paper on Keynes (Corry, 1978) I was mainly concerned with Keynes conscious desire to be a revolutionary thinker and the way in which, as part of his tactics, he gave a rather bizarre account of the history of macroeconomics. In this paper I am only concerned with the revolutionary and original nature of the General Theory and I wish to emphasise this aspect of his work much more than I did in the earlier paper. My assessment of Keynes, whilst not the common or usual one, follows very much the contributions of, for example, Weintraub (1958), Davidson, (1978), and Wells (1960, 1974, 1978).
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Corry, B. (1986). Keynes’s Economics: A Revolution in Economic Theory or in Economic Policy? . In: Collison Black, R.D. (eds) Ideas in Economics. British Association for the Advancement of Science. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-18343-2_10
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