Keynes and the Contemporary Predicament

Sheehan, Peter ORCID: 0000-0001-9450-8371 (1995) Keynes and the Contemporary Predicament. Working Paper. Victoria University, Melbourne, Australia.


Prevailing approaches to policy issues in many Western countries in recent decades have reflected a characteristic cost of mind - neoclassical in economics, liberal and individualistic in politics, value neutral and universalistic in policy. This paper analyses some of the foundations of this cast of mind, deep-seated in Western intellectual history, and reviews work in several different areas pointing to a strikingly different paradigm. This analysis is set in the context of the rise of Asian nations with quite different diverse traditions, and the consequent need for effective interchange across cultural barriers.

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Item type Monograph (Working Paper)
DOI CSES Working Paper No. 4
Subjects Historical > RFCD Classification > 340000 Economics
Historical > FOR Classification > 1401 Economic Theory
Historical > Faculty/School/Research Centre/Department > Centre for Strategic Economic Studies (CSES)
Keywords economy; contemporary predicament; Western countries; Asian nations
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