The Repressed Keynes

Abstract This month marks the 75th anniversary of the death of John Maynard Keynes. He was one of the most important economists of the 20th century, if not of any century. Yet his teachings and advice were already highly controversial during his lifetime. This applied even more after his death. Keyn...

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Main Author: Gustav A. Horn
Format: Article
Language:deu
Published: Sciendo 2021-04-01
Series:Wirtschaftsdienst
Online Access:https://doi.org/10.1007/s10273-021-2898-1
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author Gustav A. Horn
author_facet Gustav A. Horn
author_sort Gustav A. Horn
collection DOAJ
description Abstract This month marks the 75th anniversary of the death of John Maynard Keynes. He was one of the most important economists of the 20th century, if not of any century. Yet his teachings and advice were already highly controversial during his lifetime. This applied even more after his death. Keynesian ideas dominated economic policy in the postwar period. But since the 1970s at the latest, their intellectual appeal began to wane noticeably in the face of concurrently rising unemployment, national debt and inflation. Recently, however, a trend reversal has become apparent, which is related to mistakes in economic policy as well as to new challenges.
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spelling doaj-art-05c4ee7cfb83405fb8cf7bc258b6579c2025-02-02T11:17:47ZdeuSciendoWirtschaftsdienst0043-62751613-978X2021-04-01101429429810.1007/s10273-021-2898-1The Repressed KeynesGustav A. Horn0IMK in der Hans-Böckler-StiftungAbstract This month marks the 75th anniversary of the death of John Maynard Keynes. He was one of the most important economists of the 20th century, if not of any century. Yet his teachings and advice were already highly controversial during his lifetime. This applied even more after his death. Keynesian ideas dominated economic policy in the postwar period. But since the 1970s at the latest, their intellectual appeal began to wane noticeably in the face of concurrently rising unemployment, national debt and inflation. Recently, however, a trend reversal has become apparent, which is related to mistakes in economic policy as well as to new challenges.https://doi.org/10.1007/s10273-021-2898-1
spellingShingle Gustav A. Horn
The Repressed Keynes
Wirtschaftsdienst
title The Repressed Keynes
title_full The Repressed Keynes
title_fullStr The Repressed Keynes
title_full_unstemmed The Repressed Keynes
title_short The Repressed Keynes
title_sort repressed keynes
url https://doi.org/10.1007/s10273-021-2898-1
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