Crisis In Keynesian Economic

Author : Geoffrey Pilling
Publisher : Routledge
Page : 184 pages
File Size : 46,6 Mb
Release : 2014-05-01
Category : Business & Economics
ISBN : 9781317675594

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The Crisis of Keynesian Economics (Routledge Revivals) by Geoffrey Pilling Pdf

Geoffrey Pilling’s treatment of this complex issue in political economy, first published in 1986, concentrates on a review of Keynes’ writings rather than the vast literature that has developed surrounding his work since the Second World War. It does, however, consider the work of the ‘Left Keynesians’, in particular that of Joan Robinson. The Crisis of Keynesian Economics has the potential to throw fresh light on some of the issues facing political leaders today, particularly so given that much of the Neo-Capitalist economic orthodoxy established during the 1980s has come under fresh criticism in recent years.

Author : John Hicks
Publisher : Unknown
Page : 104 pages
File Size : 40,7 Mb
Release : 1975-02-10
Category : Business & Economics
ISBN : UOM:49015000892670

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Crisis In Keynesian Economic by John Hicks Pdf

Author : John Hicks
Publisher : Unknown
Page : 85 pages
File Size : 44,6 Mb
Release : 1974
Category : Keynesian economics
ISBN : LCCN:10071503

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The Crisis in Keynesian Economics by John Hicks Pdf

Author : Giancarlo Bertocco
Publisher : Edward Elgar Publishing
Page : 256 pages
File Size : 50,6 Mb
Release : 2017-03-14
Category : Electronic
ISBN : 9781785365355

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Crisis and the Failure of Economic Theory by Giancarlo Bertocco Pdf

Economists have rightly been criticized for not having foreseen the crisis that exploded in 2007–2008. As Giancarlo Bertocco eloquently argues, responsibility does indeed rest heavily on their shoulders. By developing a theory which excluded the possibility that a catastrophic crisis could ever happen, the economics profession has justified decisions and behaviours that caused the Great Recession. This book presents an alternative theoretical approach built on the lessons of Marx, Keynes, Schumpeter, Kalecki, Kaldor and Minsky, which highlights the structural instability of a capitalist economy and the endogenous nature of the current crisis.

Author : Óscar Dejuán,Eladio Febrero Paños,Jorge Uxo Gonzalez
Publisher : Routledge
Page : 318 pages
File Size : 42,6 Mb
Release : 2013-08-21
Category : Business & Economics
ISBN : 9781134052158

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Post-Keynesian Views of the Crisis and its Remedies by Óscar Dejuán,Eladio Febrero Paños,Jorge Uxo Gonzalez Pdf

At the end of the 20th century, mainstream economics was based on theories which viewed capitalism as a self-regulating system, whereby crises come about due to external shocks and would be automatically corrected by the price mechanism if it was flexible enough. Post-Keynesian economists, however, consider that the business cycle and the crises are endogenously generated. They recommend active policies as a response, though the remedies may be worse than the illness if they are not applied at the right moment and in the right proportions. The first great recession of the 21st century offers post-Keynesian economists an opportunity to prove the realism of their models. It is also a chance to make theoretical improvements, to abandon some hypotheses and to introduce new ones. This book, from a top group of international economists, analyzes the causes, consequences and evolution of the crisis from a variety of post-Keynesian perspectives. It then presents a case for realistic and essential remedies. The book is both theoretical and applied, with a global reach and a particular focus on the European debt crisis.

Author : John Eatwell,Murray Milgate
Publisher : Oxford University Press
Page : 448 pages
File Size : 50,8 Mb
Release : 2011-04-18
Category : Business & Economics
ISBN : 9780199877683

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The Fall and Rise of Keynesian Economics by John Eatwell,Murray Milgate Pdf

During the 1970s, monetarism and the new classical macroeconomics ushered in an era of neoliberal economic policymaking. Keynesian economics was pushed aside. It was almost forgotten that when Keynesian thinking had dominated economic policymaking in the middle decades of the twentieth century, it had coincided with postwar economic reconstruction in both Europe and Japan, and the unprecedented prosperity and stable growth of the 1950s and 1960s. The global financial crisis of 2007-2009 and the recession that followed changed all that. Influential voices in both academic economics and amongst policy-makers and commentators began to remind us how useful Keynesian ways of thinking could be, especially in coming to terms with our current economic predicaments. When politicians across the globe were confronted with economic crisis, they introduced pragmatic and workable measures that bore all the hallmarks of Keynesianism. This book is about the fall and rise of Keynesian economics. Eatwell and Milgate range widely across the landscape that defines their subject matter. They consider how powerful Keynesian ideas can be when applied to past and present economic problems. They show how helpful these ideas are in explaining why we came to find ourselves in the disorder we are in. They examine where and how the analytical and methodological foundations of conventional macroeconomic wisdom went wrong. They set out a blueprint for an alternative that provides a clearer, more consistent, and more applicable approach to understanding how markets work. They also highlight the interpretive shortcomings that have come to characterize Keynes scholarship itself. They do all of this within the context of a provocative reconsideration of some of the most pressing economic problems that confront financial markets and the global economy today. They conclude that Keynesian ideas are not just for crises, but for constructive economic policy making at all times.

Author : Robert L. Heilbroner,William S. Milberg
Publisher : Cambridge University Press
Page : 148 pages
File Size : 50,9 Mb
Release : 1996-01-26
Category : Political Science
ISBN : 0521497140

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The Crisis of Vision in Modern Economic Thought by Robert L. Heilbroner,William S. Milberg Pdf

A deep and widespread crisis affects modern economic theory, a crisis that derives from the absence of a "vision"--a set of widely shared political and social preconceptions--on which all economics ultimately depends. This absence, in turn, reflects the collapse of the Keynesian view that provided such a foundation from 1940 through the early 1970s, comparable to earlier visions provided by Smith, Ricardo, Mill, and Marshall. The "unraveling" of Keynesianism has been followed by a division into discordant and ineffective camps whose common denominator seems to be their shared analytical refinement and lack of practical applicability. This provocative analysis attempts both to describe this state of affairs, and to suggest the direction in which economic thinking must move if it is to regain the relevance and remedial power it now pointedly lacks.

Author : Louis-Philippe Rochon,Hassan Bougrine
Publisher : Edward Elgar Publishing
Page : 384 pages
File Size : 42,6 Mb
Release : 2020-07-31
Category : Business & Economics
ISBN : 9781786439550

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Credit, Money and Crises in Post-Keynesian Economics by Louis-Philippe Rochon,Hassan Bougrine Pdf

In this volume, Louis-Philippe Rochon and Hassan Bougrine bring together key post-Keynesian voices in an effort to push the boundaries of our understanding of banks, central banking, monetary policy and endogenous money. Issues such as interest rates, income distribution, stagnation and crises – both theoretical and empirical – are woven together and analysed by the many contributors to shed new light on them. The result is an alternative analysis of contemporary monetary economies, and the policies that are so needed to address the problems of today.

Author : Steven Kates
Publisher : Edward Elgar Publishing
Page : 288 pages
File Size : 47,6 Mb
Release : 2016-08-26
Category : Business & Economics
ISBN : 9781785363740

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What’s Wrong with Keynesian Economic Theory? by Steven Kates Pdf

Possibly the strangest phenomenon in all of economics is the absence of a long tradition of criticism focused on Keynesian economic theory. Keynesian demand management has been at the centre of some of the worst economic outcomes in history, from the great stagflation of the 1970s to the lost decade and more in Japan following the expenditure program of the 1990s. And once again, following the Global Financial Crisis, it is incontrovertible that no stimulus program in any part of the world has been a success, each one having been abandoned as conditions deteriorated under the weight of public sector spending. This book brings together some of the most vocal critics of Keynesian economics. Each author attempts to explain what is wrong with Keynesian theory in ways that can be understood by those seeking guidance on where to turn for a more accurate explanation of the business cycle and on what to do when recessions occur.

Author : Sir John Richard Hicks
Publisher : Unknown
Page : 0 pages
File Size : 50,5 Mb
Release : 1975
Category : Electronic
ISBN : OCLC:1431280883

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The Crisis in Keynesian Economics by Sir John Richard Hicks Pdf

Author : Hicks
Publisher : Wiley-Blackwell
Page : 85 pages
File Size : 43,7 Mb
Release : 1978-08-01
Category : Electronic
ISBN : 0631197303

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Crisis in Keynesian Economics by Hicks Pdf

Author : Paul Mattick Jr.
Publisher : Routledge
Page : 179 pages
File Size : 44,5 Mb
Release : 2020-09-23
Category : Business & Economics
ISBN : 9781000161212

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Economic Crisis and Crisis Theory by Paul Mattick Jr. Pdf

Keynesian economics claimed to have overcome the problem of economic depressions. However, as Mattick argues that crises are inherent within capitalism and that neither the market nor Keynesianism can stop "the steady deterioration of the economy". Written in 1974, Economic Crisis and Crisis Theory is one of Mattick's most valuable contributions to the Marxist critique of political economy and radical theory in general.

Author : Arie Arnon,Jimmy Weinblatt,Warren Young
Publisher : Springer Science & Business Media
Page : 310 pages
File Size : 49,5 Mb
Release : 2010-11-29
Category : Business & Economics
ISBN : 9783642144097

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Perspectives on Keynesian Economics by Arie Arnon,Jimmy Weinblatt,Warren Young Pdf

This book combines historical and policy-oriented perspectives on the relevance of the Keynesian approach for economic theory, policy, and crisis analysis. The first part focuses on historical, theoretical, and methodological issues, and puts them in context with current developments. The second part focuses on the application of the Keynesian approach to modeling the economy, policy-making, and analyzing the ongoing crisis of the early 21st century. Bringing together contributions by leading macroeconomists such as Laidler, Cukierman, Colander and Boyer, and leading historians of economics such as Hollander, Boianovsky, Marcuzzo, Dimand, Witztum, Young, deVroey and Arnon, the book offers a comprehensive overview of Keynesian economics today. One of the book’s most essential features are the commentaries on the papers, which promote a cross-fertilization between macroeconomists and historians of economics, providing, in conjunction with the papers themselves, a balanced outlook on the current relevance of Keynesian economics.

Author : Kyla Tienhaara
Publisher : Unknown
Page : 190 pages
File Size : 48,7 Mb
Release : 2019-10-02
Category : Economic policy
ISBN : 0367430215

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Green Keynesianism and the Global Financial Crisis by Kyla Tienhaara Pdf

It is widely accepted that limiting climate change to 2°C will require substantial and sustained investments in low-carbon technologies and infrastructure. However, the dominance of market fundamentalism in economic thinking for the past three decades has meant that governments have generally viewed large spending programs as politically undesirable. In this context, the Global Financial Crisis (GFC) represented a huge opportunity for proponents of public investment in environmental projects or "Green Keynesianism". This book examines the experience of Australia, Canada, Japan, Korea, and the United States with Green Keynesian stimulus programs in the wake of the GFC. Unfortunately, on the whole, the cases do not provide much optimism for proponents of Green Keynesianism. Much less funding than was originally allocated to green programs was actually spent in areas that would produce an environmental benefit. Furthermore, a number of projects had negligible or even detrimental environmental outcomes. While the book also documents several success stories, the research indicates overall that more careful consideration of the design of green stimulus programs is needed. In addition to concrete policy advice, the book provides a broader vision for how governments could use Keynesian policies to work toward creating an "ecological state". This book will be of great interest to students and scholars of environmental politics, environmental economics, political economy, and sustainable development.

Author : Geoffrey Pilling
Publisher : Unknown
Page : 171 pages
File Size : 49,9 Mb
Release : 1987
Category : Economic history
ISBN : 0709940416

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The Crisis of Keynesian Economics by Geoffrey Pilling Pdf