The Fall and Rise of Keynesian Economics

ALAN S. BLINDER

doi:10.1111/j.1475-4932.1988.tb02067.x

The Fall and Rise of Keynesian Economics

ALAN S. BLINDER

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Abstract

Keynesian economics came under much criticism in the 1970s This paper argues that the decline in Keynesian economics and the rise in, notably, new classical economics in this period related to their respective theoretical appeal rather than their ability to explain developments in the macroeconomy. As this has become increasingly recognized, and with the development of sound microeconomic foundations, Keynesian economics has again been on the rise.

Original language	English (US)
Pages (from-to)	278-294
Number of pages	17
Journal	Economic Record
Volume	64
Issue number	4
DOIs	https://doi.org/10.1111/j.1475-4932.1988.tb02067.x
State	Published - Dec 1988

All Science Journal Classification (ASJC) codes

Economics and Econometrics

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10.1111/j.1475-4932.1988.tb02067.x

Cite this

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The Fall and Rise of Keynesian Economics

Abstract

All Science Journal Classification (ASJC) codes

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