Unraveling Keynesian Economics: Lessons for Modern Capitalist Economies
The article discusses different types of Keynesian economics and argues that the traditional version overlooks important aspects of modern economies. It suggests that focusing on wage rigidity alone is too simplistic and that Keynes' ideas are relevant to today's economic problems. The article also highlights the impact of the New Classical counter-revolution on economic theory and the need for a macroeconomic analysis that addresses real-world issues in capitalist economies.