Research and innovation are not addressed as central features in most Post Keynesian models, which integrate technological progress through capital accumulation. Analyzing aggregate demand and unemployment without integrating the impact of research leads to an incomplete understanding of the...

John Maynard Keynes was a citizen economist, anxious to defend a capitalist system threatened by the rise of totalitarianism during the inter-war period. His criticism of the Versailles treaty in 1919 was supported by the idea of a link between economic prosperity and international peace. During...