Ever since the Keynesian revolution of the thirties government has accepted these commitments.
That is the essence of the Keynesian revolution.
The Keynesian Revolution is typically viewed as a major shift in macroeconomics.
The aim of his book is to explain historically the intellectual origins of the 'Keynesian revolution'.
The Keynesian revolution is usually dated to the publication of the General Theory in 1936.
A central aspect of the Keynesian revolution was a change in theory concerning the factors determining employment levels in the overall economy.
The Keynesian Revolution was associated with the rise of modern liberalism in the West during the post-war period.
The Keynesian Revolution was a fundamental reworking of economic theory concerning the factors determining employment levels in the overall economy.
That, I believe, lay behind the Keynesian revolution that ensured the benevolent era from 1945 to the mid-60s.
Mr. Tobin was one of the economists who brought the Keynesian revolution to America.