TY - BOOK ID - 92737184 TI - What's wrong with Keynesian economic theory? PY - 2016 SN - 1785363743 9781785363757 1785363751 9781785363733 1785363751 1785363735 9781785363757 PB - Cheltenham, England ; Northampton, Massachusetts : Edward Elgar Publishing, DB - UniCat KW - Keynesian economics. KW - Keynes, John Maynard KW - Keynesian economics UR - https://www.unicat.be/uniCat?func=search&query=sysid:92737184 AB - Possibly the strangest phenomenon in all of economics is the absence of a long tradition of criticism focused on Keynesian economic theory. Keynesian demand management has been at the centre of some of the worst economic outcomes in history, from the great stagflation of the 1970s to the lost decade and more in Japan following the expenditure program of the 1990s. And once again, following the Global Financial Crisis, it is incontrovertible that no stimulus program in any part of the world has been a success, each one having been abandoned as conditions deteriorated under the weight of public. ER -