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Titlebook: Keynes for the Twenty-First Century; The Continuing Relev Mathew Forstater (Associate Professor of Economics Book 2008 Palgrave Macmillan,

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African American Reparations, Keynes, and the Transfer Problem on Germany after World War I. In (long) hindsight, one can wonder if Keynes was inordinately prescient. Did he glimpse that the burden of postwar reparations would put Germany on the road to national socialism and a mission of global conquest that would lead to World War II?
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Money and Defaulto monitoring, and could borrow, or lend, at the default-free rate of interest. Although many formal macroeconomic models (implicitly) employ an assumption of a default-free system in their so-called transversality assumption, it is not, alas, a characteristic of the real world.
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https://doi.org/10.1057/9780230611139economics; employment; John Maynard Keynes; Keynes; Keynesian economics; macroeconomics
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The Structure of Post-Keynesian Economics though, is not principally concerned with why and how the discontents that led them to change their minds arose. Rather, its principal object is to set out the structures of their alternative approaches in order to suggest modes of thinking about theoretical and policy issues in political economy..
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