This book assesses major schools of thought in macroeconomic theory between the Great Depression and the Long Recession …’s subsequent rise to prominence. Finally, the book outlines how macroeconomics has evolved from its birth in the 1930s as a theory …

’s IS-LM Approach, 1931 to 1937 -- Keynes’s Equations and Early Post-General Theory IS-LM Models -- The Legacy of December … who contributed their respective mathematical models of Keynes’s General Theory, including Champernowne, Reddaway, Harrod … the evolution of Keynes’s approach from 1933 to 1937, later interpreters of his General Theory, and the ongoing debate …