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Keynes’ Legacy of Half‐Truths
Author(s) -
Lydall Harold
Publication year - 1986
Publication title -
economic affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.24
H-Index - 18
eISSN - 1468-0270
pISSN - 0265-0665
DOI - 10.1111/j.1468-0270.1986.tb01736.x
Subject(s) - unemployment , inflation (cosmology) , economics , keynesian economics , general theory , full employment , positive economics , neo keynesian economics , neoclassical economics , economic history , macroeconomics , applied economics , heterodox economics , mainstream economics , physics , theoretical physics
The policy prescriptions of Keynes’ General Theory, published 50 years ago, continue to afflict the British economy with persistent inflation and unemployment Harold Lydall (right), Emeritus Professor of Economics at the University of East Angha, demonstrates how Keynes simply ignored the real‐world pressures which falsify his teachings
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