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This book is devoted to examining the lasting impact of The General Theory and Keynes's thought on macroeconomic theory, methodology and its relevance for understanding the financial and economic challenges of the 21st Century. A number of contributions take their departure from Keynes's presentation during the 1930s of his new macroeconomic understanding and its policy implications. The book also discusses pluralistic views of Keynes's ideas and their importance for contemporary debates. The General Theory and Keynes for the 21st Century develops the analysis of money and banking, and the intertwined relationship between financial and real-world activities throughout. It demonstrates how vital Keynes's work is to understanding the failure of the globalised financial system as well as pointing to an alternative way forward. The broad scope and richness of the contributions are reminders of how most books severely misrepresent The General Theory and therefore fail to act as a guide to 21st Century policy. As such, this book is a necessary tool for scholars, researchers and advanced students of economics, as well as policy makers who wish to create a more just society in the face of the current deregulated global market economy.

Keynesian economics.

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La 4e de couverture indique : "Depuis dix ans, le monde subit les conséquences de la plus grande crise économique et financière internationale que l'on ait connue depuis près d'un siècle, une catastrophe que toute la science des facultés et tous les modèles des grands instituts de statistique et de prévision n'ont pas vue venir et n'ont toujours pas comprise. Rien d'étonnant à cette impuissance de la science économique dominante qui, depuis une trentaine d'années, a réactivé une économie pré-keynésienne qui méprise la macroéconomie, ne s'intéresse qu'aux comportements d'individus imaginaires, ne connaît que les marchés autorégulés et considère que la finance n'affecte pas vraiment le fonctionnement de l'économie ! Les auteurs entendent ici combler ce déficit béant d'explication des grands problèmes contemporains en exposant les apports du courant post-keynésien. Celui-ci n'a cessé de prolonger et de compléter les travaux de Keynes pour mieux comprendre le rôle de la finance spéculative, la mondialisation, la conduite des acteurs face à l'incertitude, les inégalités, les crises, le développement soutenable, la politique monétaire et budgétaire, le management des entreprises dans le capitalisme financiarisé... bref, pour approfondir une approche réaliste et utile de l'économie. L'ouvrage présente les grandes figures fondatrices de cette école de pensée (Keynes, Kalecki, Robinson, Kaldor, Minsky), les fondements théoriques du système économique et de ses déséquilibres ainsi que les politiques économiques préconisées par les post-keynésiens. C'est, en langue française, la première grande synthèse d'un courant majeur de la pensée économique contemporaine."

Keynesian economics --- Macroeconomics --- Economic policy --- Macroéconomie --- Keynésianisme --- Économie politique --- Histoire

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"Keynesian Policies - A New Deal in the European Narrative: Employment, Equality and Sustainability has its intellectual roots in the Great Depression of the 1930s followed by the appearance of Keynesianism. The founder of Keynesian macroeconomics was the British economist John Maynard Keynes (1883-1946). His macroeconomics became a worldwide political economic approach, and made the social democratic welfare state model that has been coming up in Europe. In the US, the reform of Roosevelt's New Deal came out of Keynesian thinking as a huge nation-building project. Keynesian economics served as the standard economic model in developed nations, creating the post-war economic expansion (1945-1973), though it lost some influence following the oil shock and resulting stagflation of the 1970s. The advent of the financial crisis of 2007-08 caused a resurgence in Keynesian thought, which continues as new Keynesian economics. The authors provide extensive analyses and examples of earlier and contemporary shifting pressure from external environments, showing how the Keynesianism ideology has been modified over time."--

Keynesian economics --- Depressions --- New Deal, 1933-1939 --- History. --- 1929-1939 --- Europe.

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A decade of crises has reminded us of the fragility of the international financial system. Conventional wisdom holds that uncertainty is the basic problem of financial governance, and attempts to contain ambiguity have dominated recent financial reform efforts. Jacqueline Best, however, contends that ambiguity can play a valuable role in international political and economic stability. The stability of the postwar era depended, Best suggests, on a carefully maintained balance between coherence and ambiguity. In her view, the collapse of the Bretton Woods exchange-rate regime was caused in large part by the increasing rigidity of the system and its corresponding inability to accommodate ambiguity.This is a novel argument in an area much discussed by economists and political scientists. Their debate has focused on uncertainty as a technical problem and transparency as the solution. Although such policies are presented as technical, Best demonstrates that they are also political, have cultural consequences, and may prove counterproductive. Rather than assume that transparency is the ultimate goal, Best argues, we must recognize that ambiguity is pervasive, substantive, and potentially constructive. To read this book is to comprehend more deeply the ways in which politics is fundamental to economic theory and practice and to understand why the economy requires political leadership in order to flourish.

International finance --- Keynesian economics. --- General Economics. --- History --- United Nations Monetary and Financial Conference

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Luigi L. Pasinetti (born 1930) is arguably the most influential of the second generation of the Cambridge Keynesian School of Economics, both because of his achievements and his early involvement with the direct pupils of John Maynard Keynes. This comprehensive intellectual biography traces his research from his early groundbreaking contribution in the field of structural economic dynamics to the ‘Pasinetti Theorem’. With scientific outputs spanning more than six decades (1955–2017), Baranzini and Mirante analyse the impact of his research work and roles at Cambridge, the Catholic University of Milan and at the new University of Lugano. Pasinetti’s whole scientific life has been driven by the desire to provide new frameworks to explain the mechanisms of modern economic systems, and this book assesses how far this has been achieved.

Keynesian economics. --- Pasinetti, Luigi L. --- Economic history. --- Evolutionary economics. --- Economic theory. --- Labor economics. --- History of Economic Thought/Methodology. --- Institutional/Evolutionary Economics. --- Economic Theory/Quantitative Economics/Mathematical Methods. --- Labor Economics. --- Economic History. --- Post-Keynesian economics --- Schools of economics --- Pasinetti, Luigi --- Economics --- Economic theory --- Political economy --- Social sciences --- Economic man --- Economic conditions --- History, Economic