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Keynesian Economics: Is It Time For The Theory To Rise From The Dead?

FYI: Imagine this. In late 1936, shortly after the publication of his classic General Theory, John Maynard Keynes is cryogenically frozen so he can return 80 years later.

Things were looking grim when Keynes went into cold storage. The Spanish civil war had just begun, Stalin’s purges were in full swing, and Hitler had flouted the Treaty of Versailles by remilitarising the Rhineland. The recovery from the Great Depression was fragile. It was the year of the Jarrow march and Franklin Roosevelt’s second presidential election victory.

Waking up in 2016, Keynes wants to know what’s happened in the past eight decades. He’s told that the mass unemployment of the 1930s finally came to an end but only because military production was ramped up by the great powers as they came to blows for the second time in a quarter of a century.
Regards,
Ted
https://www.theguardian.com/business/2016/dec/11/keynesian-economics-is-it-time-for-the-theory-to-rise-from-the-dead
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