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Keynes and the European economy

Author

Listed:
  • Peter Temin

    (Massachusetts Institute of Technology, USA)

  • David Vines

    (University of Oxford, UK)

Abstract

We argue in this paper that Keynes was interested primarily in the world economy. We do not seek to diminish the innovative advances Keynes made in The General Theory; we instead want to expand the perceived scope of Keynesian economics. We make this argument by analysing Keynes's contributions at three points during his career: writing The Economic Consequences of the Peace just after the First World War, testifying before the Macmillan Committee at the outset of the Great Depression, and negotiating at Bretton Woods during and after the Second World War. We then show how international Keynesian analysis clarifies the economic problems of Europe today.

Suggested Citation

  • Peter Temin & David Vines, 2016. "Keynes and the European economy," Review of Keynesian Economics, Edward Elgar Publishing, vol. 4(1), pages 36-49, January.
    • Handle: RePEc:elg:rokejn:v:4:y:2016:i:1:p36-49
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    References listed on IDEAS

    as
    1. Keynes, John Maynard, 1919. "The Economic Consequences of the Peace," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number keynes1919.
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    Cited by:

    1. Jesper Lindé, 2018. "DSGE models: still useful in policy analysis?," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 34(1-2), pages 269-286.

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    More about this item

    Keywords

    B22; F41; N14;
    All these keywords.

    JEL classification:

    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
    • N14 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: 1913-

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