Money, Investment and Consumption: Keynes's Macroeconomics Rethought

Contrary to the commonly perpetuated belief that Keynes's theory is appropriate only to economic depressions, the author of this provocative book maintains that Keynes provided a complete set of macroeconomic relations and the ingredients of a new theoretical model, much more reflective of and analytically appropriate to the 21st century than those on which current macroeconomics is based.

With the perspective of Keynes as the backdrop, the author begins with a discussion of the characterist...