Abstract
This paper reflects Victoria Chick’s deeply held belief ‘that the macroeconomics which has followed the General Theory in time has not followed it in spirit’ (1983: v). This type of complaint is widespread in post-Keynesian literature and centres on the simultaneous equation equilibrium nature of the ‘Keynesian’ part of the neoclassical synthesis.
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© 2016 Joseph Halevi, G. C. Harcourt, Peter Kriesler and J. W. Nevile
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Kriesler, P., Nevile, J.W. (2016). IS-LM and Macroeconomics after Keynes. In: Post-Keynesian Essays from Down Under Volume I: Essays on Keynes, Harrod and Kalecki. Palgrave Macmillan, London. https://doi.org/10.1057/9781137475381_6
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DOI: https://doi.org/10.1057/9781137475381_6
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