Do globalisation, inflationary pressures and supply-side constraints make managing demand in a domestic economy impossible? There is no common definition, but Keynesianism is throughout seen as more than demand management, with policy proposals to promote investment, strengthen the supply-side and reduce uncertainty.

Notes on the Contributors - Introduction; P.Arestis & M.Sawyer - The Macroeconomic Effects of Taxation in a Federal Europe; D.Mair & A.J.Laramie - New Scale and Scope for Industrial Policies in the 1990s; B.Amable & P.Petit - Industrial Policies and the Macroeconomic Effects of Taxation: Some Comments; J.Deprez - 'Socialisation of Investment' and 'Euthanasia of the Rentier': the Relevance of Keynesian Policy Ideas for the Contemporary US Economy; R.Pollin - Economic Polarization and US Policy Activism; G.A.Dymski - Differences in Economic Performance: Some Comments; H.Hagemann - The Viability of Keynesian Demand Management in an Open Economy Context; P.Davidson - Uneven Development and the Destabilisation of the North: A Keynesian View; J.K.Galbraith - Creative Destruction or Regressive Stagnation? Comments on Davidson and Galbraith; J.Michie - The Role of Keynesian Policies in Semi-Industrialised Countries: Theory and Evidence from India; A.K.Dutt - International Markets and Open Economy Macroeconomics: A Keynesian View; E.V.FitzGerald - Keynesian Policy in Disarticulated Economies; L.Harris - Index