ABSTRACT
This introduction presents an overview of key concepts discussed in the subsequent chapters of this book. The book addresses the importance of the General Theory. It presents the important question of the interplay between public debt and the case of stagnation. The book discusses the Euro crisis and contradictions of neoliberalism in Europe. It describes the fate of the Nordic social democratic model. The book also addresses the problem of low growth rates in Europe. It examines if and how important macroeconomic events change macroeconomic thinking. The book presents various aspects of microfoundations for macroeconomic theory. It provides some socio-economic philosophical aspects of Keyness understanding which had a lasting impact on his views on economics, theoretically as well as methodologically. The book finally explores a stock-flow consistent overlapping generation macro model of a closed economy, which combines aspects of both Austrian and Keynesian theory.
