Money, Investment and Consumption

Keynes’s Macroeconomics Rethought

O.F. Hamouda, Associate Professor of Economics, York University, Canada

Contrary to the commonly perpetuated belief that Keynes’s theory is appropriate only to economic depressions, the author of this provocative book maintains that Keynes provided a complete set of macroeconomic relations and the ingredients of a new theoretical model, much more reflective of and analytically appropriate to the 21st century than those on which current macroeconomics is based.

‘Professor Hamouda’s book is very timely and thought provoking and should be an eye opener for students of economics who were brought up in the anti-Keynesian last decades of the twentieth century, or were taught the garbled rather than updated revived Keynesianism which has recently become popular.’
– Y.S. Brenner, Retired Professor of Economics, Utrecht University, The Netherlands