Keynes and the new Keynesians
Abstract
The article uses Keynes’ ideas to analyze New Keynesian economics, its assumptions
and its most important corollaries. It examines the crucial assumption of New Keynesian
economics: the stickiness of prices and wages. Concluded this analysis, these Keynesian
new-school’s results and methods are criticized. One carries out the conclusion that only
conflicts emerge in the relation between Keynes and New Keynesian economists.
JEL Classification: B22; E12; B41.
Keywords: New Keynesian economics Keynes history of economic thought