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Published in:
1989 | OriginalPaper | Chapter
Keynes and Crises: Before the General Theory
Author : Michael Perelman
Published in: Keynes, Investment Theory and the Economic Slowdown
Publisher: Palgrave Macmillan UK
Included in: Professional Book Archive
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What is Keynesianism? Sharp debates about its meaning continue. These differences of opinion owe much to Keynes’ enigmatic presentation of his theory. Although for more than three decades Keynes immersed himself in policy matters at the highest levels of government, he devoted painfully little space to elaborating specific policy recommendations in any of his major writings, especially the General Theory (Chick, 1983, p. 316). Those recommendations that he offered were mostly impressionistic.