In the course of this book it is argued that the loss of what is essentially "macro" in Keynes is the result of a preference for a form of equilibrium analysis that gives unqualified support to the ideology of free markets. In the case of Marx, his theory of exploitation and from this the stress on class struggle, led to an almost complete neglect of his contribution to the analysis of the aggregate demand and supply of commodities.

chapter |8 pages


part I|56 pages

Methodology of the neoclassical macro model

chapter 2|17 pages

The neoclassical model with a supply side

chapter 3|13 pages

Comparative statics and equilibrium

chapter 4|13 pages

Money in the neoclassical model

part II|52 pages

Paradigm lost

chapter 5|12 pages

The classical false dichotomy model

chapter 6|16 pages

Logically consistent money-neutral models

part III|50 pages

A critique of self-adjusting full employment

chapter 8|13 pages

Neutrality and full employment

chapter 9|11 pages

Expectations and full employment

chapter 11|8 pages

Full employment and disequilibrium

part IV|39 pages

So-called open economy analysis

chapter 12|11 pages

Introduction to “open economies”

chapter 13|15 pages

The neoclassical open economy

chapter 14|11 pages

Reassessing monetary and fiscal policy

part V|35 pages

Paradigm regained

chapter 15|18 pages

Neoclassical inflation

Keystone of reactionary policies

chapter 16|9 pages

De-commissioning policy tools

chapter 17|6 pages

The critique summarized