Lucas (1972) was a paper that permanently changed the course of macroeconomics, even though its "money supply surprise … unfortunate side effect of this has been that, because mainstream models have no analytic room for money to play a key role in …

The usual description of Keynes's macroeconomics as relying on the postulate of money wage stickiness to explain … unemployment, and advocating fiscal policy as its cure, is largely mythical. Rather he was concerned with exploring the theoretical … idea that an economy co- ordinated by monetary exchange is prone to market failures that create unemployment. The origins …

with his Ph.D thesis and still continues, is important and deserves attention. It lies firmly in the Keynesian macro-disequilibrium …. However, the development of agent based modelling and behavioural economics will perhaps give disequilibrium macroeconomics a …

. -- Crisis ; Co-ordination ; Clearing Markets ; Auctioneer ; Money ; Financial Markets ; Animal Spirits ; Psychology ; Keynes …

unemployment and sets out his argument about the causal relation between the real wage and the level of unemployment, and about the …

This paper puts John Maynard Keynes' "The General Theory of Employment, Interest and Money" into its historical context …