Marglin, Stephen A. - In: EconomiA 19 (2018) 1, pp. 1-11
Keynes’s General Theory argues there is no self-regulating mechanism that guarantees full employment. Keynes’s vision … imperfections are limited to the short run, so are lapses from full employment. Keynes was unable to convince the economics … is that Keynes lacked the mathematical tools to substantiate his vision. This paper deploys tools that were unavailable …