The themes of this important new volume were chosen to mark the 75th anniversary of the publication of The General Theory of Employment, Interest and Money. The distinguished authors concentrate on the relevance of this seminal publication for macroecomic theory, method and the politics of today. This is particularly pertinent as similarities with the 1930s are striking in terms of unemployment, low growth, financial fragility and the European monetary union resembling the gold standard. Illustrating new ways of understanding the importance of uncertainty in macroecomics, particularly in view of the importance of finance and balance of payments imbalances within a monetary union, this book will prove a stimulating and challenging read for academics, researchers and students of macroecomics, heterodox ecomics, and the methodology and history of ecomic thought.
Edited by Jesper Jespersen, Professor of Economics, Roskilde University, Denmark and Mogens Ove Madsen, Associate Professor of Economics, Aalborg University, Denmark