|Mause I 55f
Macroeconomics/Keynes: John M. Keynes (1883-1946) initiated with his "General Theory" (Keynes 1936) the revival of macroeconomics. He emphasized the importance of demand for economic development: in particular, shortfalls in demand could lead to economic crises and permanent underemployment, as price rigidities affect the markets' ability to regulate themselves and can prevent the creation of a full employment equilibrium.(1) See Neoclassical Economics/Keynes.
1. Cf. J. M. Keynes, The general theory of employment, interest and money. London 1936._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. The note [Author1]Vs[Author2] or [Author]Vs[term] is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition.
John Maynard Keynes
The Economic Consequences of the Peace New York 1920
Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018