Definition & Reality in the General Theory of Political Economy

The author extends Keynesian macroeconomics by treating government action as endogenous and incorporating policy stagnation into a comprehensive political economy. A Definition & Reality methodology is offered and applied through structural and reduced-form models that address heterogeneous labor markets, nonlinear taxation, subsistence constraints, and the Phillips curve, aiming to explain persistent unemployment and stagflation. The text critiques mainstream economic practice, presents stylized facts, and advances institutional reform proposals — notably an Economic Supreme Court — alongside diagnostic tools and policy prescriptions intended for economists and democratic legislators.