![]() That history traces an arc, which first saw the eclipse of classical macroeconomics by Keynesian macroeconomics, and then saw the eclipse of Keynesian macroeconomics by a revived and re-tooled classical macroeconomics. Reflection upon the intellectual history of macroeconomics over the past seventy-five years can help to understand the current predicament and need for this new journal. A journal devoted to Keynesian economics is therefore needed both to correct this narrowness and because events have once again confirmed the profound relevance of Keynesian theory. As such, it obscures the fact that the range of theoretical inquiry is actually very narrow. We would respond there is a proliferation of journals but that proliferation is essentially within one intellectual paradigm. At a time of journal proliferation some may wonder about the need for another journal. This intellectual failure has prompted us to launch the Review of Keynesian Economics. On that score the profession failed catastrophically, revealing fundamental theoretical inadequacies. Reasonable people do not expect economists to predict the daily movements of the stock market, but they do expect them to anticipate and explain major imminent economic developments. With regard to the economics profession, it stands significantly discredited owing to its failure to foresee the recession and the financial crash its repeated over-optimistic forecasts of rapid recovery and lack of plausibility surrounding its attempts to explain events. ![]() The economic crisis that these events have generated, combined with the failure of the mainstream economics profession, has again put the question of change on the table. ![]() Today, the global economy is struggling with the fall-out from the financial crash of 2008 and the Great Recession of 2007-09. It is widely recognized that economic crises can sometimes trigger enormous change, both with regard to economic theory and the politics of governance. The aims and scope of this journal are to provide a forum for developing and disseminating Keynesian ideas, and to encourage critical exchange with other macroeconomic paradigms. Not only does that include Keynesian ideas about macroeconomic theory and policy, it also extends to microeconomic and meso-economic analysis and relevant empirical and historical research. The Review of Keynesian Economics (ROKE) is dedicated to the promotion of research in Keynesian economics.
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