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In Conclusion

In: The Keynesian Revolution and its Critics

Author

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  • Gordon A. Fletcher

    (The University of Liverpool)

Abstract

Much recent criticism of the Keynesian Revolution results from confusion in the minds of the critics between the difficulties that have arisen in the application of Keynes’s ideas, and the core of his theory. The residual problem of application is largely political, in the sense that Keynesian economics is inherently vulnerable to pressures which arise through the political process in a democratic society. But the question remains of whether these problems are more intractable than those which stem from the alternative laissez-faire approach.

Suggested Citation

  • Gordon A. Fletcher, 1987. "In Conclusion," Palgrave Macmillan Books, in: The Keynesian Revolution and its Critics, chapter 24, pages 304-306, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-08736-5_24
    DOI: 10.1007/978-1-349-08736-5_24
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