Abstract
A review article of Pasinetti and Schefold’s edition of the papers at a conference in Marseilles, 1997, on the impact of Keynes in the twentieth century. The book itself is in three parts – theory; Keynesianism in European countries; and institutional discussions of Keynesian policies. The essay concentrates on the issues raised in the first part by Pasinetti, Leijonhufvud and Skidelsky. Pasinetti uses his vital distinction between principle and theory to examine why the Keynesian revolution may not have succeeded. Leijonhufvud identifies Keynes as the last of the classics, contrasting his approach with those he calls the moderns. Skidelsky asks what policies Keynes would advocate today, had he remained ageless with us.