The current global financial and economic crisis seems to have reminded the economics profession of Keynes’s relevance. Even unreconstructed libertarians, most notably former Federal Reserve Chair, Alan Greenspan, have acknowledged the limitations of neoclassical theory and appear to be recalling some of the insights of Keynes. During the April 2009 Group of Twenty meeting in London, British Prime Minister Gordon Brown and USPresident Barack Obama seemed to be channeling the spirit of Keynes. This state of affairs is heartening to Keynesian economists, a group that has largely labored in the professional margins since the 1970s. Whether the rediscovery of Keynes will ultimately have a lasting effect on the profession and the policy world is unknown at this point. [download]
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