A Revision of Keynes' Model: The Escape Route toward Concordian Economics
21 Pages Posted: 22 Aug 2009
Date Written: August 20, 2009
This paper revises the "forms," not the substance, of Keynes’ ideas. The first part of the paper analyzes weaknesses in Keynes’ original model; the second part suggests remedies and, ultimately, a new model of the macrosystem; the third part provides an overview of the implications of the new model.
Keywords: Keynes, macroeconomics, economic theory, methodology
JEL Classification: B10, B40, E19
Suggested Citation: Suggested Citation