X-Nico

6 unusual facts about Keynesian economics


L. Randall Wray

He has served, along with fellow Post-Keynesian William Mitchell of the Charles Darwin University, Australia, as co-editor of the International Journal of Environment, Workplace, and Employment.

Leeds Civic Hall

Costing £360,000 to construct, it is notable that due to the Great Depression, most people employed in its construction would otherwise have been unemployed, therefore the building's construction was used as job creation, an example of Keynesian economics.

Post-Keynesian economics

Much post-Keynesian research is published in the Journal of Post Keynesian Economics (founded by Sidney Weintraub and Paul Davidson), the Cambridge Journal of Economics, the Review of Political Economy and the Journal of Economic Issues (JEI).

Thomas Palley

His work has covered macroeconomic theory and policy, international finance and trade, economic development, and labor markets where his approach is Post Keynesian.

models that combine the insights of various 'brands' of Post-Keynesian economics including the following: Yale Keynesianism (James Tobin), Cambridge–UK Keynesianism (Nicholas Kaldor), and American Post-Keynesianism (Paul Davidson, Hyman Minsky).

Victoria Chick

Victoria Chick (born 1936) is a Post Keynesian economist who is best known for her contributions to the understanding of Keynes's General Theory and to the establishment of Post Keynesian economics in the UK and elsewhere.


Keynesian Revolution

From the late 1930s, a process began to reconcile the General Theory with the classical ways of viewing the economy – developments which included Neo-Keynesian and later New Keynesian economics.

Market clearing

In another interpretation, price adjustment could make matters worse, causing what Irving Fisher called "debt deflation".


see also