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Palgrave Macmillan
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Abandoning Keynes

Australia’s Capital Mistake

  • Book
  • © 1997

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Table of contents (11 chapters)

  1. Introduction

  2. Historical and Theoretical Matters

  3. The Breakdown of the Keynesian Consensus, 1972–92

  4. Keynesianism and its Critics

  5. Proposing an Alternative Explanation

Keywords

About this book

This analysis proposes a political explanation for the breakdown of Keynesian full employment in Australia. It taps into the current literature that examines the role of economic interests, ideas, and institutions, and, by taking issue with the arguments of anti-Keynesian economists, the book carries the argument that there was and is nothing inherently contradictory about Keynesian theory or much of its practice. Keynesianism, its imperfections notwithstanding, was overturned because of a powerful alliance of interests and ideas.

Reviews

'A convincing and comprehensive account of the success and ultimate failure of Keynesianism in Australia ... Essential reading, not only for other doughty fighters but for skeptics and critics as well' - G.C. Harcourt

Authors and Affiliations

  • University of New England, Armidale, Australia

    Tim Battin

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