Abstract
The twentieth centuiy was for many, if not most, economists “The Age of Keynes.” Clearly no professional economist had a greater impact on the way the economies of the West were perceived and explained than did John Maynard Keynes. His The General Theory of Employment, Interest and Money (1936), published during the Great Depression, addressed the then most crucial problematic conditions that Western economies were confronting. He critiqued and displaced many of the foundational tenets and policies of orthodoxy, especially those relating to the determinants of employment, national income, investment, and growth.
It is ideas, not vested interests, which are dangerous for good or evil.
J.M. Keynes
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Tool, M.R. (2000). Foster and Keynes. In: Value Theory and Economic Progress: The Institutional Economics of J. Fagg Foster. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-3998-4_8
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DOI: https://doi.org/10.1007/978-94-011-3998-4_8
Publisher Name: Springer, Dordrecht
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