General Theory and Keynes for the 21st Century

Edited by Sheila Dow, Emeritus Professor of Economics, University of Stirling, UK, Jesper Jespersen, Professor of Economics, Roskilde University and Adjunct Professor, Aalborg University, Denmark and Geoff Tily, Senior Economist, TUC, UK

'A fresh and deep dive into a host of outstanding issues in the canon of Keynes studies, from Indian Finance to IS-LM and beyond.'--James K. Galbraith, The University of Texas at Austin, US'The economic ruptures that began in 2007 have revealed how profoundly mistaken were the sustained efforts to remove Keynes's General Theory from its central place in macroeconomic theory and policy. Drawing on the celebrated work of Victoria Chick, our ablest interpreter of that enigmatic volume, the essays gathered here build new bridges from Keynes's insights to our current policy dilemmas.'--Gary Dymski, University of Leeds, UK

• Contents:Introduction1. On the relevance of The General Theory at 80: economic change and economic theoryVictoria Chick2. Against twisting The General Theory Maria Cristina Marcuzzo3. The Keynesian unblockingRobert Skidelsky4. The attacks on The General Theory: how Keynes’s theory was lostG.C. Harcourt, Peter Kriesler and J.W. Nevile5. What future for ‘Macroeconomics after Keynes’? A road map to restore the generality of The General TheoryTeodoro Dario Togati6. Expectations, equilibrium and time in The General TheoryAnna M. Carabelli and Mario A. Cedrini7. Weight of argument and liquidity preferenceAlessandro Vercelli8. On some principles to fix the quantity of bank moneyTim Congdon9. John Maynard Pangloss: Indian currency and finance in imperial contextRadhika Desai10. Keynes on domestic and international monetary reformSheila Dow11. The ‘Gibson Paradox’, The General Theory and beyondGerhard Michael Ambrosi12. Sraffa’s prices of production understood in terms of Keynes’s state of short-term expectationM. G. Hayes13. Keynes and Marx: some points of contactAndy Denis14. No invitation to ‘Alles Walzer!’: Schumpeter on The General TheoryHeinz D. KurzIndex