Abstract
Keynes started to develop a new economic paradigm that is different form the classical and neoclassical school. He stressed the role of effective demand, money, uncertainty and subjective expectations. Only the postkeynesian interpretation of Keynes follows the original ideas of Keynes. The IS-LM-model together with the neoclassical syntheses, the neokeynesian and the newkeynesian models reduce Keynes to short-run disturbances of the long-run neoclassical equilibrium.
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