Notes for a New Guide to Keynes (I): Wages, Aggregate Demand, and Employment

Delivered as the Presidential Address to the 27th Annual Congress of the European Economic Association, held in Málaga, August 27-31, 2012. I thanks participants at the EEA Congress, the EABCN Workshop, Bilkent University, Moneda y Crédito Symposium, and the CREI Macro Lunch, as well as an anonymous referee for useful comments and suggestions. I acknowledge financial support from the Ministerio de Ciencia e Innovación (ECO2011-23188). The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.