The Keynesian Revolution
Note: the first time you go through each of these topics you should click on the following items in sequence.
revolution of the 1940s established the beginnings of modern macroeconomics.
In this topic we attempt to set out the rudiments of the Keynesian system
in such a way as to make understandable some of the subsequent developments
in theory and also the reasons for the persistence of the macroeconomic
policy conflicts which will be considered in the following topic.