7th International Workshop on Demand-led Growth: The ‘General Theory’ at 90

2026 marks the 90th anniversary of the publication of The General Theory of Employment, Interest and Money, one of the most influential works in the history of economic thought. John Maynard Keynes’s masterpiece, considered the founder of modern macroeconomics, revolutionized the way economists and policymakers understood output, employment, and government intervention. In the midst of the Great Depression, Keynes challenged the prevailing view that markets naturally tended toward full employment, proposing instead that aggregate output is determined by aggregate effective demand. This line of research seeks to make the Keynesian-Kaleckian principle of effective demand compatible with the classical surplus approach. Growth, in this view, is demand-led and restricted by economic policy and the balance of payments. Within this framework, macroeconomic policies are fundamental to growth, inflation and income distribution. The workshop organizers believe that building policy-relevant analyses, in addition to theoretical and applied models to better understand the current performance of advanced and developing countries, will contribute to the soundness of this theoretical approach.

The aim of the 7th edition of the Workshop is to revisit Keynes’s legacy, exploring both the enduring power and the evolving challenges of his framework in the 21st century. We encourage submissions that broadly fall within the topics of the conference, such as: 

• Keynes’ principle of effective demand;

• Keynes and post-Keynesian theory;
• Post-Keynesian monetary theory;
• Controversies on Keynes’ chapter 17;
• Keynesian macroeconomic policy;
• Demand-led growth and sustainable development;
• Monetary and fiscal policy, Central Bank, monetary and financial channels in an open economy;
• Demand-led growth, capital flows and external constraints;
• Growth regimes, growth engines, growth models and autonomous demand: debates between post-Keynesians and comparative political economy;
• Conflict inflation, personal and functional income distribution;
• Structuralism, classical political economy and demand-led growth;
• Demand-led growth, theories of stagnation and stagnation policies;
• Demand-led growth, capacity utilization and labor unemployment;
• Demand-led growth and macroeconomic policies;
• Functional finance: implications for monetary and fiscal policies;
• Stock-flow and monetary circuit approaches to money and finance;
• Monetary and financial determinants and constraints of demand-led growth.

Selected students with approved papers will received partial travel stipends and accommodation. To apply for the support, please answer the following form until May 10th