The Relevance of Keynesian Economic Policies Today

What can Keynesian economics mean in the 21st century? Do globalisation, inflationary pressures and supply-side constraints make managing demand in a domestic economy impossible? Or could its use to tackle unemployment be put back on the political agenda? These essays examine the potential relevance of Keynesian policies for Europe, America, the developing world and the global economy. There is no common definition, but Keynesianism is throughout seen as more than demand management, with policy proposals to promote investment, strengthen the supply-side and reduce uncertainty.

Zusammenfassung
Do globalisation, inflationary pressures and supply-side constraints make managing demand in a domestic economy impossible? There is no common definition, but Keynesianism is throughout seen as more than demand management, with policy proposals to promote investment, strengthen the supply-side and reduce uncertainty.

Inhalt
Notes on the Contributors - Introduction; P.Arestis & M.Sawyer - The Macroeconomic Effects of Taxation in a Federal Europe; D.Mair & A.J.Laramie - New Scale and Scope for Industrial Policies in the 1990s; B.Amable & P.Petit - Industrial Policies and the Macroeconomic Effects of Taxation: Some Comments; J.Deprez - 'Socialisation of Investment' and 'Euthanasia of the Rentier': the Relevance of Keynesian Policy Ideas for the Contemporary US Economy; R.Pollin - Economic Polarization and US Policy Activism; G.A.Dymski - Differences in Economic Performance: Some Comments; H.Hagemann - The Viability of Keynesian Demand Management in an Open Economy Context; P.Davidson - Uneven Development and the Destabilisation of the North: A Keynesian View; J.K.Galbraith - Creative Destruction or Regressive Stagnation? Comments on Davidson and Galbraith; J.Michie - The Role of Keynesian Policies in Semi-Industrialised Countries: Theory and Evidence from India; A.K.Dutt - International Markets and Open Economy Macroeconomics: A Keynesian View; E.V.FitzGerald - Keynesian Policy in Disarticulated Economies; L.Harris - Index