Peter Howitt is best known for his contributions to growth theory, but his work in short- run economics, which began …

subdiscipline has evolved. It considers some implications for today's awkward economic facts of aspects of Keynes' General Theory …This paper examines Robert E. Lucas's views on the relationship of macroeconomics to real world economic phenomena, and … on Keynes's place in its history, suggesting that these stem from a particular and debatable understanding of how the …

background of a distinction between Keynesianism as a ‘moderately conservative’ (Keynes’s words) vision about the working of the … macroeconomics. The paper ends with a few remarks about the impact of the present crisis on the development of macroeconomic theory …

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 … its denial of the conflictual nature of capitalism. There is need to understand Keynes' technical contributions regarding …. Keynes made a fundamental contribution elucidating the mechanism of effective demand, and he also has claim to be the …

This paper reflects on the history and enduring relevance of Keynes? economics. Keynes unleashed a devastating critique …

sustained attack on Keynes's position was by Milton Friedman. Friedman argued that his work on permanent income as the major … determinant of consumption invalidated Keynes use of the consumption function in The General Theory, with important implications … of Keynes's theory and policy …

12 and 17 of the General Theory. It essentially reduced Keynes to sticky wages and prices, with nonneutral money only in …) coming. Obviously, the answer is complex, but it must include reference to the evolution of macroeconomic theory over the … postwar period - from the "Age of Keynes" through the Friedmanian era and the return of Neoclassical economics in a …