{"id":"https://openalex.org/W1986358235","doi":"https://doi.org/10.1080/09538259.2010.510314","title":"The Return of Keynesian Economics: A Contribution in the Spirit of John Cornwall's Work","display_name":"The Return of Keynesian Economics: A Contribution in the Spirit of John Cornwall's Work","publication_year":2010,"publication_date":"2010-10-01","ids":{"openalex":"https://openalex.org/W1986358235","doi":"https://doi.org/10.1080/09538259.2010.510314","mag":"1986358235"},"language":"en","primary_location":{"id":"doi:10.1080/09538259.2010.510314","doi":"https://doi.org/10.1080/09538259.2010.510314","is_oa":false,"landing_page_url":"https://doi.org/10.1080/09538259.2010.510314","pdf_url":null,"source":{"id":"https://openalex.org/S15356059","display_name":"Review of Political Economy","issn_l":"0953-8259","issn":["0953-8259","1465-3982"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","jufo-1","norway-1","poland-70","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Review of Political Economy","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5103242535","display_name":"Giuseppe Fontana","orcid":"https://orcid.org/0000-0002-8055-5326","observed_orcids":["https://orcid.org/0000-0002-8055-5326"]},"institutions":[{"id":"https://openalex.org/I130828816","display_name":"University of Leeds","ror":"https://ror.org/024mrxd33","country_code":"GB","type":"education","lineage":["https://openalex.org/I130828816"]},{"id":"https://openalex.org/I16337185","display_name":"University of Sannio","ror":"https://ror.org/04vc81p87","country_code":"IT","type":"education","lineage":["https://openalex.org/I16337185"]}],"countries":["GB","IT"],"is_corresponding":true,"raw_author_name":"Giuseppe Fontana","raw_affiliation_strings":["Leeds University Business School, University of Leeds, Leeds, UK ; DASES, Universit\u00e0 del Sannio, Benevento, Italy","DASES, Universit\u00e0 del Sannio , Benevento, Italy","Leeds University Business School, University of Leeds , Leeds, UK"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Leeds University Business School, University of Leeds, Leeds, UK ; DASES, Universit\u00e0 del Sannio, Benevento, Italy","institution_ids":["https://openalex.org/I130828816","https://openalex.org/I16337185"]},{"raw_affiliation_string":"DASES, Universit\u00e0 del Sannio , Benevento, Italy","institution_ids":["https://openalex.org/I16337185"]},{"raw_affiliation_string":"Leeds University Business School, University of Leeds , Leeds, UK","institution_ids":["https://openalex.org/I130828816"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5103242535"],"corresponding_institution_ids":["https://openalex.org/I130828816","https://openalex.org/I16337185"],"apc_list":null,"apc_paid":null,"fwci":1.4352,"has_fulltext":false,"cited_by_count":9,"citation_normalized_percentile":{"value":0.894247,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":88,"max":97},"biblio":{"volume":"22","issue":"4","first_page":"517","last_page":"533"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11742","display_name":"Economic Theory and Policy","score":0.9926999807357788,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11742","display_name":"Economic Theory and Policy","score":0.9926999807357788,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.0052999998442828655,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10785","display_name":"Economic Theory and Institutions","score":0.00039999998989515007,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/keynesian-economics","display_name":"Keynesian economics","score":0.9990000128746033},{"id":"https://openalex.org/keywords/new-consensus-macroeconomics","display_name":"New Consensus Macroeconomics","score":0.9350000023841858},{"id":"https://openalex.org/keywords/neoclassical-economics","display_name":"neoclassical economics","score":0.9800000190734863},{"id":"https://openalex.org/keywords/three-equation-model","display_name":"three-equation model","score":0.7630000114440918},{"id":"https://openalex.org/keywords/macroeconomic-policy","display_name":"macroeconomic policy","score":0.7379999756813049}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.8367258310317993},{"id":"https://openalex.org/C68356823","wikidata":"https://www.wikidata.org/wiki/Q2474789","display_name":"Aggregate supply","level":4,"score":0.6612787246704102},{"id":"https://openalex.org/C165556158","wikidata":"https://www.wikidata.org/wiki/Q83937","display_name":"Keynesian economics","level":1,"score":0.6374659538269043},{"id":"https://openalex.org/C56777670","wikidata":"https://www.wikidata.org/wiki/Q60224","display_name":"Post-Keynesian economics","level":2,"score":0.6027710437774658},{"id":"https://openalex.org/C18762648","wikidata":"https://www.wikidata.org/wiki/Q42213","display_name":"Work (physics)","level":2,"score":0.5444785356521606},{"id":"https://openalex.org/C203379541","wikidata":"https://www.wikidata.org/wiki/Q1801078","display_name":"Aggregate demand","level":3,"score":0.5420089960098267},{"id":"https://openalex.org/C167729594","wikidata":"https://www.wikidata.org/wiki/Q17736","display_name":"Axiom","level":2,"score":0.48868992924690247},{"id":"https://openalex.org/C133425853","wikidata":"https://www.wikidata.org/wiki/Q60571","display_name":"Neoclassical economics","level":1,"score":0.460989773273468},{"id":"https://openalex.org/C27747137","wikidata":"https://www.wikidata.org/wiki/Q1977531","display_name":"Neo-Keynesian economics","level":5,"score":0.4200440049171448},{"id":"https://openalex.org/C10688316","wikidata":"https://www.wikidata.org/wiki/Q936174","display_name":"New Keynesian economics","level":3,"score":0.41724783182144165},{"id":"https://openalex.org/C118084267","wikidata":"https://www.wikidata.org/wiki/Q26110","display_name":"Positive economics","level":1,"score":0.3607177436351776},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.35724928975105286},{"id":"https://openalex.org/C149615983","wikidata":"https://www.wikidata.org/wiki/Q3296256","display_name":"Applied economics","level":2,"score":0.2862465977668762},{"id":"https://openalex.org/C508532215","wikidata":"https://www.wikidata.org/wiki/Q1582475","display_name":"Heterodox economics","level":4,"score":0.22530922293663025},{"id":"https://openalex.org/C6358003","wikidata":"https://www.wikidata.org/wiki/Q73273","display_name":"Mainstream economics","level":3,"score":0.19801664352416992},{"id":"https://openalex.org/C126285488","wikidata":"https://www.wikidata.org/wiki/Q178476","display_name":"Monetary policy","level":2,"score":0.14969807863235474},{"id":"https://openalex.org/C97355855","wikidata":"https://www.wikidata.org/wiki/Q11473","display_name":"Thermodynamics","level":1,"score":0.06492060422897339},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.0},{"id":"https://openalex.org/C2524010","wikidata":"https://www.wikidata.org/wiki/Q8087","display_name":"Geometry","level":1,"score":0.0},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1080/09538259.2010.510314","doi":"https://doi.org/10.1080/09538259.2010.510314","is_oa":false,"landing_page_url":"https://doi.org/10.1080/09538259.2010.510314","pdf_url":null,"source":{"id":"https://openalex.org/S15356059","display_name":"Review of Political Economy","issn_l":"0953-8259","issn":["0953-8259","1465-3982"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","jufo-1","norway-1","poland-70","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Review of Political Economy","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:taf:revpoe:v:22:y:2010:i:4:p:517-533","doi":null,"is_oa":false,"landing_page_url":"http://www.tandfonline.com/doi/abs/10.1080/09538259.2010.510314","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":67,"referenced_works":["https://openalex.org/W36642806","https://openalex.org/W576938669","https://openalex.org/W600961624","https://openalex.org/W605376425","https://openalex.org/W620649565","https://openalex.org/W636185014","https://openalex.org/W648391456","https://openalex.org/W649521113","https://openalex.org/W649583997","https://openalex.org/W654266754","https://openalex.org/W797430299","https://openalex.org/W1497605138","https://openalex.org/W1506556468","https://openalex.org/W1554236585","https://openalex.org/W1587309545","https://openalex.org/W1596495111","https://openalex.org/W1876100332","https://openalex.org/W1909253736","https://openalex.org/W1976370187","https://openalex.org/W1982051493","https://openalex.org/W1986590444","https://openalex.org/W1993480931","https://openalex.org/W2007175428","https://openalex.org/W2010370756","https://openalex.org/W2013860961","https://openalex.org/W2047672703","https://openalex.org/W2048135520","https://openalex.org/W2052403011","https://openalex.org/W2073781228","https://openalex.org/W2075455550","https://openalex.org/W2078784030","https://openalex.org/W2083841232","https://openalex.org/W2089664114","https://openalex.org/W2110122410","https://openalex.org/W2159303848","https://openalex.org/W2163065315","https://openalex.org/W2164841959","https://openalex.org/W2170708207","https://openalex.org/W2180105052","https://openalex.org/W2318230195","https://openalex.org/W2326966786","https://openalex.org/W2332728483","https://openalex.org/W2332918862","https://openalex.org/W2476732792","https://openalex.org/W2486236076","https://openalex.org/W2494429853","https://openalex.org/W2797062887","https://openalex.org/W2986428086","https://openalex.org/W3022539920","https://openalex.org/W3121555663","https://openalex.org/W3121721570","https://openalex.org/W3122693264","https://openalex.org/W3123137754","https://openalex.org/W3124169523","https://openalex.org/W3125135614","https://openalex.org/W3145622536","https://openalex.org/W4213233404","https://openalex.org/W4214713256","https://openalex.org/W4232698045","https://openalex.org/W4233043385","https://openalex.org/W4253342256","https://openalex.org/W4254233555","https://openalex.org/W4285719527","https://openalex.org/W4298346375","https://openalex.org/W4299302966","https://openalex.org/W4300355332","https://openalex.org/W4300536543"],"related_works":["https://openalex.org/W1594855711","https://openalex.org/W2899279956","https://openalex.org/W4388707994","https://openalex.org/W2131677253","https://openalex.org/W2161519466","https://openalex.org/W4285195051","https://openalex.org/W7110646864","https://openalex.org/W144022699","https://openalex.org/W2161004644","https://openalex.org/W2182400246"],"abstract_inverted_index":{"This":[0],"paper":[1,50],"assesses":[2],"the":[3,16,27,40,45,49,53,58,63,66,79],"recent":[4],"interest":[5],"for":[6],"Keynesian":[7,20,36],"economics":[8,21],"in":[9],"academia":[10],"and":[11,34,73],"policy-making":[12],"circles.":[13],"It":[14],"examines":[15],"main":[17,46],"features":[18],"of":[19,42,48,57,65,68,78],"vis-\u00e0-vis":[22],"neoclassical":[23],"economics,":[24],"before":[25],"presenting":[26],"three-equation":[28],"New":[29],"Consensus":[30],"Macroeconomics":[31],"(NCM)":[32],"model":[33,59],"its":[35],"roots.":[37],"Drawing":[38],"on":[39],"work":[41],"John":[43],"Cornwall,":[44],"conclusion":[47],"is":[51],"that":[52],"most":[54],"important":[55],"criticisms":[56],"are":[60],"related":[61],"to":[62],"acceptance":[64],"axiom":[67],"independence":[69],"between":[70],"aggregate":[71,74],"supply":[72],"demand":[75],"by":[76],"proponents":[77],"NCM":[80],"view.":[81]},"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2021,"cited_by_count":1},{"year":2018,"cited_by_count":3},{"year":2015,"cited_by_count":2},{"year":2012,"cited_by_count":1}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2016-06-24T00:00:00"}