Download Struggle Over the Keynesian Heritage: Neoclassical Synthesists vs. the Post Keynesians AudioBook Free
Since World War II, economists have struggled to comprehend the Keynesian Revolution and also to apply its lessons to the modern economy. The heart of the debate over Keynes’ radical ideas has been if they could or should be reconciled with the older, neoclassical economic theory. Post Keynesians have insisted that the original belief in free markets cannot accommodate the dynamic and complex modern economic world. Neoclassical Synthesists accept Keynesian arguments for short-term economic consequences, nevertheless they think that free markets still achieve the best long-term results. The Great Economic Thinkers series is a collection of presentations that explain, in understandable language, the major ideas of history’s most significant economists. Special emphasis is put on each thinker’s attitude toward capitalism, revealing their influence in today’s debate on economic progress and prosperity.
