| Name and Link | Type of Resource | Description |
| Alan S. Blinder Keynesian Economics, The Concise Encyclopedia of Economics at 'The Library of Economics and Liberty' Available here |
Webpage | " " |
| The Great Keynesian Boom: "Thirty Glorious Years"- by J. Bradford DeLong, University of California at Berkeley and NBER February 1997 Available here |
Webpage | "Even a casual glance at numbers and growth rates reveals that growth and recovery after World War II was astonishingly rapid....... " |
| Inflation and Oil Shocks: The End of the Keynesian Era by J. Bradford DeLong, University of California at Berkeley and NBER February 1997 Available here |
Webpage | "As time passed, and the memory of the Great Depression dimmed, governments' commitments to fight unemployment fiercely even at the cost of risking some infiation began to fiag. This became of great importance because the post-World War II economic system's ability to deliver low unemployment without high infiation began to erode as well......... " |
| The Hicks-Hansen IS-LM Model, Description of influential analytical representation of the 'Keynesian' economic model at the History of Economic Thought website Available here |
Webpage | "John Hicks, in his famous 1937 Econometrica article, "Mr Keynes and the Classics: A suggested interpretation", drew two curves, "SI-LL" to illustrate these relationships. These curves have since become famously known as the IS-LM model and were popularized by a now-converted Alvin Hansen (1949, 1953). The IS-LM model has remained one of the most formidable pieces of pedagogic machinery and, as far as back-of-the-envelope diagrammatic reasoning is concerned, one of the most efficient ever devised in economics. It is not, however, without substantial problems, both as an internally consistent model or as a representation of Keynes's theory. " |
| The Neoclassical-Keynesian Synthesis at the History of Economic Thought website Available here |
Webpage | "The "Neoclassical-Keynesian Synthesis" refers to the Keynesian Revolution as interpreted and formalized by a largely American group of economists in the early post-war period. The centrepiece of the Neoclassical-Keynesian Synthesis (or the "Neo-Keynesian" system) was the infamous IS-LM Model first introduced by John Hicks (1937) and then expanded upon by Franco Modigliani (1944). The IS-LM model purported to represent the gist of John Maynard Keynes's General Theory (1936) in the form of a system of simultaneous equations. One of the startling results of the IS-LM model was that it was unable to obtain the Keynesian result of an "unemployment equilibrium". The model tended to yield the Neoclassical result of "full employment". As a result, in order to generate an "unemployment equilibrium" as a solution to this system of equations, the Neo-Keynesians appealed to rigid money wages, interest-inelastic investment demand, income-inelastic money demand or some other imperfection to this system. Thus it is referred to as a "synthesis" of Neoclassical and Keynesian theory in that the conclusions of the model in the "long run" or in a "perfectly working" IS-LM system were Neoclassical, but in the "short-run" or "imperfectly working" IS-LM system, Keynesian conclusions held............... " |
| Mark Blaug, Economic Theory in Retrospect. Ch 16, Macroeconomics Publisher: Cambridge University Press; 5 edition (1997) Link to bookseller |
Intermediate Textbook with relevant chapter. |
Concentrates on the development of theory, with discussion of the 'great waves' from Adam Smith through Keynes and beyond. |
| Turgeon, Lynn Bastard Keynesianism: Evolution of Economic Thinking and Policymaking Since World War II Greenwood Press; 1997 Link to bookseller |
Book | "The thinking of John Maynard Keynes is still relevant to successful development of the advanced capitalistic system as is shown by evolution of economic thinking since World War II. The changes in economic thinking in the United States and in the world are described, with a chapter devoted to each presidency from Eisenhower to Clinton. The importance of Military Keynesianism in winning the Cold War is described along with similarities and differences between the various national administrations." |
| Thomas I. Palley From Keynesianism to Neoliberalism: Shifting Paradigms in Economics FPIF May 2004 Available here |
Article with relevant content | "For the 35 years after World War II (1945-1980), Keynesianism constituted the dominant paradigm for understanding the determination of economic activity. This was the era in which modern tools of monetary policy (control of interest rates) and fiscal policy (control of government spending and taxes) were developed. It was also a period in which union coverage rose to historical highs and “New Deal” style institutions of social protection and regulation were expanded......... " |
| James M. Cypher From Military Keynesianism to Global-Neoliberal Militarism Monthly Review 2007 Available here |
Article | |