which money is neutral, at least in the long run; and the Marx-Veblen-Keynes approach, or the monetary theory of production … view back to Keynes, arguing that extending Keynes along these lines would bring his theory up to date. -- Money ; Public … Monopoly ; Monetary Theory of Production ; Keynes ; Marx ; Veblen ; Knapp ; Chartalism …

subdiscipline has evolved. It considers some implications for today's awkward economic facts of aspects of Keynes' General Theory …

) coming. Obviously, the answer is complex, but it must include reference to the evolution of macroeconomic theory over the … leave out the parallel developments in finance theory - with its efficient markets hypothesis - and in approaches to … 12 and 17 of the General Theory. It essentially reduced Keynes to sticky wages and prices, with nonneutral money only in …

his close affiliation with anarchism. The article then gives a concise summary of Gesell's theory of effective demand and … evidence for rejecting Hick's classic interpretation of the General Theory. If one takes Keynes extensive discussion of Gesell …'s theory of interest as a key for understanding the General Theory, Keynes main innovation of General Theory becomes a monetary …

Macroeconomic theory has developed into increasingly sophisticated mathematical models. In the words of Mankiw … the development of macroeconomic theory over the past 40 years. The focus is on the main lines of thinking and the story … changes in macroeconomic theory and that the current debates after the GFC will be the start of a more plural approach to …

Keynes' General Theory was a massive step forward relative to classical economics, but it was also a step backward in …