These twelve lively essays handle teaching post-Keynesian economics in a society that is still at least partially Keynsian
. The essays each have their own methodology and didactic basis, and cover teaching in a mainstream department, the economist who mistook his model for a market, an open system of theorizing in economics, teaching in an open system, pluralism in economic education, truth and beauty in macroeconomics, metaphors to persuade student economists and the public about fiscal policy, seeking inspiration from Paul Davidson, the puzzle of textbooks in America, teaching Keynes's theory to neoclassically formed minds, Keynesian macro models and the special case, and constructing narratives to reaffirm the authority of the professional economist.
Labour's failure to rebut convincingly the attacks from the Conservatives has led it to the unfortunate position of having to discard its Keynsian
instincts in order to try to appease the sceptical views expressed in focus groups.
By contrast, traditional economists (Keynsian
and neoclassical alike) gained much from the theory of marginal utility.
Gregory Mankiw, "The New Keynsian
Synthesis," The Concise Encyclopedia of Economics, http://www.econlib.org/library/Enc/NewKeynesianEconomics.html.
From Syndicalism and Guild Socialism to "Parecon" and Participatory Planning, any number of models has been offered as an alternative to a centrally planned command economy, or merely Keynsian
government management of economic activity.
But he is clear that while Labor in the 1940s had adopted Keynsian
notions of fiscal policy, this conversion away from sound finance had little impact on that party's many pieces of social legislation.
It is no more than a reversion to Keynsian
policies of increasing state spending to build up employment, create wealth and repay public debt from the rising tax income of a stronger economy.
However, it is fortunate that the Conservative-led Government has at least had the good sense to resort to Keynsian
approach helped America work its way out of depression in the 1930s.
Last year, German finance minister Peer Steinbrueck also criticised Mr Brown's apparent plans for a Keynsian
By contrast UK Prime Minister Gordon Brown argued since the 2008 Wall Street crash that Keynsian
economic stimulus works better than tightening your belt when you are already down.
--(1987) "Historical Growth in Participation in Aid to Families with Dependent Children: Was There a Structural Shift?" Journal of Post Keynsian
Economics 9 (3): 347-63.