The Post-Keynesian Economic Crisis Theory And Its Enlightenment

The problem of the economic crisis has been a long history in our society,but it remains to be a mystery to us.Many economical scholars have made unremitting exploration and lots of researches on why and how the economic crisis comes into being,but up to now,no unified answer has been reached.In all schools of economic theories,the post-Keynes is still a relatively young one,which belongs to the non-mainstream schools and has received little attention.It has been formed since the late 1950 s,when the Keynesian lost authority,and has been continuing making additions and amendments on the basis of the framework of the Keynesian.On the one hand,it keeps adjusting the variables in theories according to the changes in the real world.On the other hand,it closely follows the development of other economic theories,and actively takes in their frontier achievements.Because of its unique research methods and theoretical content,the post-Keynes had been in a state of unconcerned until the 2008 economic crisis broke out,scholars found out that post-Keynes' s theories which proposed early in the decades before the crisis got a perfect verification in the crisis,so the post-Keynes caught a lot of attention in a period.The post-Keynes involves in a variety of different aspects,but it has not studied the issue of economic crisis especially.Therefore,no independent and complete post-Keynesian economic crisis theory has been put forward.But in the process of discussing other economic problems,it reveals their thoughts on the economic crisis more or less,most of them are mainly included in monetary economics theory and economic growth theory.Firstly,on the basis of collecting and reading literature and reference,this paper combs out the theoretical basis and forming thread of the post-Keynes and its crisis theory,by summarizing the evolution process of economic crisis theories.Secondly,since their thoughts of economic crisis scatter in different theories,this paper tries to sort out the post-Keynesian economic crisis theory.Thirdly,by taking the most recent economic crisis in 2008 as an example,this paper compares the post-Keynesian economic crisis theory with the Austrian schools' to highlight the scientific nature and weak points of post-Keynesian economic crisis theory.Finally,by combining theory with reality,shows the realistic interpretation of post-Keynesian economic crises theory,meanwhile,provides a new perspective for the interpretation of the economic crisis with theoretical and practical enlightenment,which offers helpful suggestions on maintaining steady economic development.