The general theory of employment, interest, and money after 75 years
Subtitle: the importance of being in the right place at the right time
By: Matthew N. Luzzetti, Lee E. Ohanian
Contributors: Ohanian, Lee E.; National Bureau of Economic Research
Series: NBER working paper series -- working paper 16631; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 16631.
Publisher: National Bureau of Economic Research
Published: 2010
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Description: "This paper studies why the General Theory had so much impact on the economics profession through the 1960s, why that impact began to wane in the 1970s, and why many economic policymakers cling to many of the tenets of the General Theory.  We discuss three key elements along these lines, including the fact macroeconomic time series through the 1960s seemed to conform qualitatively to patterns discussed in the General Theory, that econometric developments in the area of simultaneous equations made advanced the General Theory to a quantitative enterprise, and that the General Theory was published during the Great Depression, when there was a search for alternative frameworks for understanding economic crises"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 4/7/2011.

Includes bibliographical references.

Also available in print.

System requirements: Adobe Acrobat Reader.

Mode of access: World Wide Web.