ABSTRACT
Monetary production was Keyness analogue to space-time; that is to say, the linking together of concepts that had previously been held as distinct. In macroeconomics, the determination of employment does not happen in an isolated market called the labour market. The old pre-Keynesian view now parades under his name, so that even a Keynesian revival has anti-Keynesian overtones. Keynes was simplified, modified, he was undermined, and he was forced into the intellectual coffin of equilibrium analysis. This programme partook of some phrases and metaphors that Keynes himself had used at various points. The initial purpose of stimulus was to assist a process of economic recovery, of return to normal, to speed the re-establishment of the previously existing, alleged-to-be-expected economic conditions. It would deal with the debt; deal with the banks; get an investment programme going; a jobs programme; it would set up a system of social insurance and solidarity that provide basic protections which certain parts of the European confederation.
