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Keynesian Economics
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Keynesian Economics
Lord Keynes was born in 1883 and died in 1946. This volume was conceived as a tribute to the man and the economist. But it is more than that. We intend to appraise Keynes' contributions to economics: to add up the gains and to explore the weaknesses. A volume on Keynesian economics, written mainly by Keynes' followers, naturally would be largely panegyric. But there is criticism also--both by the followers and by the minority of writers in this volume who might not be classed as Keynesian. These critics, however, unlike many of the detractors of Keynes, have read and absorbed the General Theory. Even the most enthusiastic imbibers at the Keynesian fountain will find impurities and indigestible and incongruous substances - examine the essays by Messrs. Colm, Smithies, and Samuelson in this volume, for example.
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