{"id":1835,"date":"2020-02-08T06:31:11","date_gmt":"2020-02-08T13:31:11","guid":{"rendered":"http:\/\/thomaspalley.com\/?p=1835"},"modified":"2020-02-08T06:31:13","modified_gmt":"2020-02-08T13:31:13","slug":"do-current-times-vindicate-keynes-and-is-new-keynesian-macroeconomics-keynesian","status":"publish","type":"post","link":"https:\/\/thomaspalley.com\/?p=1835","title":{"rendered":"Do current times vindicate Keynes and is New Keynesian macroeconomics Keynesian?"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Thomas I. Palley, Esteban P\u00e9rez Caldentey, and Matias Vernengo, <em>Review of Keynesian Economics<\/em>, January 2020.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Professor\nRobert Rowthorn delivered the second annual Godley-Tobin lecture in New York\nCity on March 1, 2019. The title of his lecture was \u201cKeynesian economics: back\nfrom the dead?\u201d and it is published in this issue of the <em>Review of Keynesian Economics<\/em>. The lecture was attended by a large\naudience and the Question &amp; Answer session provoked a stimulating\ndiscussion. Prompted by that discussion, we thought it would be interesting to\ninvite some leading (Keynesian-leaning) economists to independently address Professor\nRowthorn\u2019s lecture topic. This symposium is the outcome of that invitation.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"> We are living in a time which many believe has a distinctly Keynesian character. That is captured in the belief that many economies appear to suffer from aggregate demand shortage or, at least, a proclivity to demand shortage. It is also captured in the revival of the concept of \u201ceconomic stagnation\u201d which was an idea that had much traction in the 1930s and 1940s, but then fell away in the 1950s with the post-war boom and the non-reappearance of depression-like conditions. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.elgaronline.com\/view\/journals\/roke\/8-1\/roke.2020.01.02.xml\">READ MORE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Thomas I. Palley, Esteban P\u00e9rez Caldentey, and Matias Vernengo, Review of Keynesian Economics, January 2020. Professor Robert Rowthorn delivered the second annual Godley-Tobin lecture in New York City on March 1, 2019. The title of his lecture was \u201cKeynesian economics: back from the dead?\u201d and it is published in this issue of the Review of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,7,1],"tags":[],"class_list":["post-1835","post","type-post","status-publish","format-standard","hentry","category-economics","category-political-economy","category-1"],"_links":{"self":[{"href":"https:\/\/thomaspalley.com\/index.php?rest_route=\/wp\/v2\/posts\/1835","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thomaspalley.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thomaspalley.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thomaspalley.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thomaspalley.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1835"}],"version-history":[{"count":3,"href":"https:\/\/thomaspalley.com\/index.php?rest_route=\/wp\/v2\/posts\/1835\/revisions"}],"predecessor-version":[{"id":1838,"href":"https:\/\/thomaspalley.com\/index.php?rest_route=\/wp\/v2\/posts\/1835\/revisions\/1838"}],"wp:attachment":[{"href":"https:\/\/thomaspalley.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thomaspalley.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thomaspalley.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}