The Policy Relevance of The General Theory

Abstract

Keynes taught us in The General Theory that neither economic depressions nor fluctuations were inevitable. If nothing is done, these problems would continue. However, by the judicious employment of economic policies, these problems could be mitigated, if not totally remedied.

Citation

Pressman, S. (1987), "The Policy Relevance of The General Theory", Journal of Economic Studies, Vol. 14 No. 4, pp. 13-23. https://doi.org/10.1108/eb002651