SUMMARY
The brief note introduces the articles collected in the present issue of the journal. It places the various contributions in perspective, critically summarizing the major economic developments since the publication of the last issue. After a rapid surge of Keynesianism in the USA and partly in Europe, in the wake of the financial and economic crisis, the cultural and political debate has now already returned to fiercely opposing it. The point is that Keynesianism is often taken in its simplest and "bastard" form, to imply a prescription of large public spending, and indeed ever more spending – with no check, no limit or allowance for a country’s actual financial and economic situation. Once again, the new issue of our journal aims at pointing out how far from reality such caricature is, with some of the articles by self-identified Keynesian writers taking on radically different and significantly more nuanced approaches, as well as how far is it from the economic policy that is needed right now. JEL Codes: E11, G01, B50, H12