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Macroeconomics -- Macroeconomic thought during the long nineteenth century -- Gold standard, reparations, mania, crash, and depression -- Maynard ascendant -- Keynesian growth, cycles, and crisis -- The counter-revolution -- Finance -- The international dimension -- Keynesianism and the crisis
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The Financial Crisis of 2008, and the Great Recession in its wake, have shaken up macroeconomics. The paradigm of the "New" Neoclassical Synthesis, which seemed to provide a robust framework of analysis for short-run macro not long ago, fails to capture key elements of the recent crisis. This...
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