This paper has suggested a number of reasons why Keynes would have been critical of the way ISLM developed in the hlaf century after his death.

Unless there is a radical reform of the global financial system, it will continue to be conducive to financial crises and the necessary reforms are looking increasingly unlikely. Government rhetoric and actions can often influence in desirable ways both the speculative actions that now determine...

In this substantial new collection, esteemed Post-Keynesian scholars reassess the relevance of Keynes’s The General Theory to a broad array of topic areas, ranging from the environment, investment finance, exchange rates, and socialism, as well as inquiries into general Post-Keynesian theory.

It is argued that the key role of active labour market policies is to be an essential complement to macro policies to reduce unemployment. Adverse quantitative evaluations may show that the macro policies are at fault. Moreover, in Australia the data is not adequate for such evaluations to be...

Deregulation in Australia has had adverse effects on the income of those at the bottom end of the income distribution. Over the 1980s the share in private income of the top quintile rose and that of every other quintile fell. Except in the case of couples without children, the average real...