In a general sense I won’t defend Keynes, but Keynesian economics was a better macroeconomics than the classical ones that preceded them or the neoclassical/neoliberal ones that succeeded them, and he had a better idea for international trade/balance of payments than US dollar hegemony: Bancor.
In a general sense I won’t defend Keynes, but Keynesian economics was a better macroeconomics than the classical ones that preceded them or the neoclassical/neoliberal ones that succeeded them, and he had a better idea for international trade/balance of payments than US dollar hegemony: Bancor.