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Maynard's Revenge: The Collapse of Free Market Macroeconomics

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Abstract:

The EconLit abstract of the reviewed work begins: Explores the relevance of John Maynard Keynes's version of macroeconomics to understanding the global crisis of 2007-09. Discusses macroeconomics; macroeconomic thought during the long nineteenth century; the gold standard, reparations, mania, crash, and depression; Keynes ascendant; Keynesian growth, cycles, and crisis; the counterrevolution; finance; the international dimension; and Keynesianism and the crisis. Taylor is Arnhold Professor of International Cooperation and Development at the New School for Social Research. Index.

Document Type: Book Review

DOI: https://doi.org/10.1257/jel.50.2.513.r11

Publication date: 2012-06-01

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