ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
-A A +A

A Keynesian Moment? Hardly

One cannot argue that the high unemployment today in the advanced economies calls for a Keynesian solution. Unlike the 1930s, which were characterised by high unemployment and large savings, it is hard to argue, yet, that unemployment now is stuck at a permanently high plateau and that we are in a prolonged slump. More importantly, we are not here as a result of persistently high savings in the high unemployment countries.

Subscribers please login to access full text of the article.

New 3 Month Subscription
to Digital Archives at

826for India

$50for overseas users

Get instant access to the complete EPW archives

Subscribe now


(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top