ABSTRACT
The year 1996 is 60 years on from the publication of The General Theory of Employment, Interest and Money of J.M.Keynes. There are definite signs that the profession is becoming interested again in the approaches, theories and policies which flow from his magnum opus, following the abortive attempts of the past 20 years or so to destroy Keynes and all his ways by conservative elements in the profession and body politic. In the advanced capitalist countries, mass unemployment has again emerged as a sustained and disgraceful problem, not least because so much of it was created deliberately by government actions in the first place. The need for a combination of policies and the creation of appropriate institutions with which to tackle this blight, to which Sam devoted his last months, is at least being recognized, even if the political will to act is still largely conspicuous by its absence. All this is the background to the present essay.
