FROM ISSUE NUMBER 64 - SUMMER 1981 GO TO TABLE OF CONTENTS

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The retreat from Keynesian economics

MARTIN S. FELDSTEIN

A major revolution in economic thinking is under way-a retreat from the Keynesian ideas that have dominated economic policy for the past 35 years. In the decades ahead this revolution in economic thinking is likely to have profound effects, not only on the national economy but also on our individual daily lives.

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