The Political Economy of Modern Theory — Keynes, Keynesians, and the Neoclassicists

  • Paul Davidson


We are all Keynesians now’ has become a popular cliché used by economists, politicians, and even by Presidents of the United States. Superficially it would appear that in less than half a century, the writing of John Maynard Keynes has swept the economic thinking of modern capitalist economies.


Income Assure Librium Exter Antagon 


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  1. 1.
    See G. C. Harcourt, ‘Some Cambridge Controversies in the Theory of Capital’, Journal of Economic Literature (1969) pp. 369–405. Also see J. A. Kregel, Rate of Profit, Distribution and Growth — Two Views (London: Macmillan, 1971).Google Scholar
  2. 3.
    Cf. F. H. Knight, Risk, Uncertainty and Profit (London: London School of Economics, 1937) p. xxv.Google Scholar

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© Paul Davidson 1978

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  • Paul Davidson

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