Abstract
By revisiting the quandary over the relationship between policy ideas and economic interests — and by including in that investigation an examination of the role of institutions and occasional shocks that influence or alter the interaction — this investigation has argued that the breakdown of Keynesianism in Australia can be best understood with reference to politics. In placing itself in what could be called the democratic socialist or radical social democratic tradition, the discussion has had within its sights the claims of the economic and political right that have contributed to the demise of Keynesian policy-making over the past two decades. But a more minor aim was also taken against at least one of the claims of the Australian left: the view that Keynesianism cannot be said to have broken down because it has never been tried.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Notes
In fact the best research suggests that such a conclusion is far from obvious. Paul Hirst and Grahame Thompson’s recent analysis is a very useful critique of the often uncritical stance adopted by those who assert that national economic sovereignty is no longer possible. See P. Hirst and G. Thompson, Globalisation in Question: The International Economy and the Possibilities of Governance (Oxford: Polity Press, 1996).
See also Andrew Glynn, ‘Social Democracy and Full Employment’, New Left Review, 211, 1995, pp. 33–55.
Author information
Authors and Affiliations
Copyright information
© 1997 Tim Battin
About this chapter
Cite this chapter
Battin, T. (1997). Conclusion. In: Abandoning Keynes. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-14350-4_11
Download citation
DOI: https://doi.org/10.1007/978-1-349-14350-4_11
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-14352-8
Online ISBN: 978-1-349-14350-4
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)