Keynes’s General Theory at 80 (Robert Skidelsky, Project-Syndicate)

In 1935, John Maynard Keynes wrote to George Bernard Shaw: “I believe myself to be writing a book on economic theory which will largely revolutionize – not, I suppose, at once but in the course of the next ten years – the way the world thinks about its economic problems.” And, indeed, Keynes’s magnum opus, The General Theory of Employment, Interest and Money, published in February 1936, transformed economics and economic policymaking. Eighty years later, does Keynes’s theory still hold up?

http://www.project-syndicate.org/commentary/keynesian-policy-at-80-economic-recovery-by-robert-skidelsky-2016-02