The relative decline of the British economy -- Wicksell's influences on Keynes and his contemporaries -- The life of Keynes -- From the tract to the treatise -- The treatise on money -- After the treatise -- The turning point -- Searching for a new theory of employment -- Establishment of the...

The global financial crisis, which began in August 2007 and continues with no end in sight, has thrown macroeconomics into turmoil. This book challenges the current mainstream macroeconomic tradition, rejecting the view that whatever shock hits the economy, the response is an automatic and rapid...

1. Introduction -- 2. Keynes’s Theory in the Making -- 3. How Did Keynes Transform His Theory from the Tract into the Treatise? -- 4. How, and for How Long Did Keynes Maintain The Treatise Theory? -- 5. The Turning Point in Keynes’s Theoretical Development -- 6. Keynes as a Planner and...