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Keynesian Ideas, Keynesianism and Keynesian Social Democracy

In: Abandoning Keynes

Author

Listed:
  • Tim Battin

    (University of New England)

Abstract

The collapse of the Keynesian paradigm and the concomitant decline of social democracy call forth a discussion of concepts such as ‘Keynesian economics’, ‘Keynesianism’ and ‘Keynesian social democracy’. All of these terms, and others beside, have varying degrees of relevance to the retreat from full employment and the policies we have associated with the Keynesian period. In addition, each has a varying level of specificity, with Keynesian economics being the most specific (though still a contested) concept. Keynesianism, on the other hand, is a very broad term and, subsequently, its use is fraught with some danger. A term that is often used in preference to ‘Keynesianism’ is ‘Keynesian social democracy’. Although the argument in this chapter is that it is meaningful to ascribe conceptions of socialism and social democracy to Keynesianism, we have to be aware that the nature of the Keynesian legacy is itself highly contested terrain.1

Suggested Citation

  • Tim Battin, 1997. "Keynesian Ideas, Keynesianism and Keynesian Social Democracy," Palgrave Macmillan Books, in: Abandoning Keynes, chapter 1, pages 15-31, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-349-14350-4_2
    DOI: 10.1007/978-1-349-14350-4_2
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