Tag Archives | Post-Keynesian Macroeconomics

The history of modern macroeconomics starts in 1936 with the publication of Keynes' The General Theory of Employment, Interest and Money as is clear from the opening quotation of Keynes. The timing of the release of the book was one of the reasons for its success. Before 1936, economists failed to explain the causes of the Great Depression of 1929-33. [...]