Keynes’s General Theory for Today

Keynes’s General Theory for Today

Contemporary Perspectives

Edited by Jesper Jespersen and Mogens Ove Madsen

The themes of this important new volume were chosen to mark the 75th anniversary of the publication of The General Theory of Employment, Interest and Money. The distinguished authors concentrate on the relevance of this seminal publication for macroeconomic theory, method and the politics of today. This is particularly pertinent as similarities with the 1930s are striking in terms of unemployment, low growth, financial fragility and the European monetary union resembling the gold standard.

Chapter 6: Keynes’s early cognition of the concept of time

Mogens Ove Madsen

Subjects: economics and finance, history of economic thought, post-keynesian economics


John Maynard Keynes wanted to revolutionize the way world thinks about economic problems. In his ultimate masterpiece The General Theory he changed the focus in economics from efficiency to the fundamental quaesitum of determination of national income and the volume of employment.

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