Keynes And Macroeconomics After 70 Years

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Keynes and Macroeconomics After 70 Years

Author : L. Randall Wray,Mathew Forstater
Publisher : Edward Elgar Publishing
Page : 354 pages
File Size : 55,9 Mb
Release : 2009-01-01
Category : Business & Economics
ISBN : 9781848446205

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Keynes and Macroeconomics After 70 Years by L. Randall Wray,Mathew Forstater Pdf

The book is strongly recommended for those interested in the continuing reception of Keynes s thinking. John B. Davis, EH.NET In this substantial new collection, esteemed Post-Keynesian scholars reassess the relevance of Keynes s The General Theory to a broad array of topic areas, ranging from the environment, investment finance, exchange rates, and socialism, as well as inquiries into general Post-Keynesian theory. In response to the current economic crisis, many people looking for new solutions are excitedly re-discovering the Post-Keynesian tradition of money modeling and theory. This book offers a broad array of recent Post-Keynesian scholarship, providing a good contextual understanding of the current state of the field from which innovative money solutions are springing. Topics covered here include: Keynes and heterodox economics, the founding fathers of Post-Keynesian economics, Keynesian models, Keynesian policy, and the modern development and extensions of Keynesian economics. Academics and practitioners eager for a solid heterodox approach to economics and money theory, the environment, finance, and political science will find the book an invaluable addition to their collection.

Keynes' General Theory

Author : Thomas Cate
Publisher : Edward Elgar Publishing
Page : 361 pages
File Size : 50,8 Mb
Release : 2012-01-01
Category : Business & Economics
ISBN : 9781781001035

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Keynes' General Theory by Thomas Cate Pdf

This volume, a collection of essays by internationally known experts in the area of the history of economic thought and of the economics of Keynes and macroeconomics in particular, is designed to celebrate the 75th anniversary of the publication of The General Theory. The essays contained in this volume are divided into four sections. The first section contains three essays that explore the concept of fundamental uncertainty and its unique role in The General Theory. The second section contains five essays that examine the place of The General Theory in the history of macroeconomics since 1936. The third section contains three essays that explore the interrelationships among Keynes, Friedman, Kaldor, Marx and Sraffa and their approaches to macroeconomic theory and policy. The final section contains four essays that provide several new interpretations of The General Theory and its position within macroeconomics. Keynes's General Theory is intended for those students and scholars who are interested in the economics of Keynes and the rich variety of approaches to macroeconomic theory and policy.

Keynes's General Theory After Seventy Years

Author : R. Dimand,R. Mundell,A. Vercelli
Publisher : Springer
Page : 316 pages
File Size : 46,7 Mb
Release : 2010-02-03
Category : Business & Economics
ISBN : 9780230276147

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Keynes's General Theory After Seventy Years by R. Dimand,R. Mundell,A. Vercelli Pdf

This book provides a comprehensive overview of Keynes' contributions to macroeconomics and offers an in-depth analysis of the contested legacy of The General Theory, a book that marked the emergence of modern macroeconomics from the earlier heritage of monetary theory and business cycle and analysis.

Historical Perspectives on Macroeconomics

Author : Philippe Fontaine,Albert Jolink
Publisher : Routledge
Page : 158 pages
File Size : 51,7 Mb
Release : 2005-08-12
Category : Business & Economics
ISBN : 9781134716418

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Historical Perspectives on Macroeconomics by Philippe Fontaine,Albert Jolink Pdf

Since the publication of Keynes's General Theory of Employment, Interest and Money in 1936, macroeconomic theory has altered considerably. Each author in this volume focuses on an issue which either preceded, accompanied or followed the 'Keynesian Revolution' and helped to shape economics in subsequent years. Contributors reconsider some of the major concepts of the "General Theory": unemployment and the identity of income and output. They also highlight some of the controversies in macroeconomic theory and review the macroeconomic policy implications and consequences.

Who's Afraid of John Maynard Keynes?

Author : Paul Davidson
Publisher : Springer
Page : 167 pages
File Size : 51,7 Mb
Release : 2017-10-26
Category : Business & Economics
ISBN : 9783319645049

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Who's Afraid of John Maynard Keynes? by Paul Davidson Pdf

This is a book with many benefits. Davidson explains the importance of the market economy, and unveils how and why global financial crises occur when the liquidity of financial assets traded in the market, suddenly collapse. 70 years after Keynes’ death, in another era of financial crisis and economic slump, Keynes’ ideas have made a comeback within economic circles. Yet these ideas are not represented in contemporary government policy decisions. This book explains why Keynes’ ideas need to be used by political parties in order to restore global prosperity and close the gap between income and wealth inequality. This book will is essential reading for researchers, practitioners, students and the wider public interested in an economic understanding of today's global economic problems.

The Economics of Keynes

Author : Mark G. Hayes
Publisher : Edward Elgar Publishing
Page : 296 pages
File Size : 44,5 Mb
Release : 2006
Category : Biography & Autobiography
ISBN : STANFORD:36105123266335

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The Economics of Keynes by Mark G. Hayes Pdf

In his 'New Guide' to The General Theory, Mark G. Hayes presents Keynes's illustrious work as a sophisticated Marshallian theory of the competitive equilibrium of the economy as a whole. This unique book takes full account of the nature of time and money and illustrates that The General Theory remains highly relevant to the teacher and advanced student of modern macroeconomics. The Economics of Keynes introduces several interpretative innovations to resolve many puzzles presented in the literature of the last 70 years. It is designed to be read in parallel with The General Theory and will allow modern readers to find their bearings before plunging into an in-depth analysis of major themes contained in The General Theory. The key areas in which this 'New Guide' differs from the familiar exposition of current macroeconomics textbooks are also explicitly identified. The author reaches positive and hopeful conclusions for the development of economic theory and policy. Promoting a thorough understanding of the legitimate domain of equilibrium analysis and a renewed commitment to the possibility of genuinely full employment, this book will provide an illuminating and fascinating read for anyone wishing to appreciate fully the value of The General Theory. More specifically, academics and advanced students of macroeconomics across the board - classical, orthodox, Post Keynesian and heterodox - interested in a fresh attempt to connect The General Theory with modern macroeconomics will find this book to be the ideal tool.

Macroeconomics after Kalecki and Keynes

Author : Eckhard Hein
Publisher : Edward Elgar Publishing
Page : 383 pages
File Size : 53,6 Mb
Release : 2023-01-17
Category : Business & Economics
ISBN : 9781803927282

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Macroeconomics after Kalecki and Keynes by Eckhard Hein Pdf

Presenting an in-depth overview of the foundations and developments of post-Keynesian macroeconomics since Kalecki and Keynes, this timely book develops a comprehensive post-Keynesian macroeconomic model with the respective macroeconomic policy mix for achieving non-inflationary full employment. Linking the short-run model to long-run distribution and growth theories, the theoretical approach is also applied to current research on macroeconomic regimes in finance-dominated capitalism and on the macroeconomic challenges of the socio-ecological transformation.

Prices, Quantities, and Expectations

Author : P. J. N. Sinclair
Publisher : Oxford [Oxfordshire] : Clarendon Press ; New York : Oxford University Press
Page : 516 pages
File Size : 47,9 Mb
Release : 1987
Category : Biography & Autobiography
ISBN : UCAL:B4373185

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Prices, Quantities, and Expectations by P. J. N. Sinclair Pdf

A special issue of "Oxford Economic Papers". This volume honours Keynes by gathering contemporary analysis of the issues upon which he initiated discussion.

The General Theory of Employment, Interest, and Money

Author : John Maynard Keynes
Publisher : Springer
Page : 404 pages
File Size : 43,8 Mb
Release : 2018-07-20
Category : Business & Economics
ISBN : 9783319703442

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The General Theory of Employment, Interest, and Money by John Maynard Keynes Pdf

This book was originally published by Macmillan in 1936. It was voted the top Academic Book that Shaped Modern Britain by Academic Book Week (UK) in 2017, and in 2011 was placed on Time Magazine's top 100 non-fiction books written in English since 1923. Reissued with a fresh Introduction by the Nobel-prize winner Paul Krugman and a new Afterword by Keynes’ biographer Robert Skidelsky, this important work is made available to a new generation. The General Theory of Employment, Interest and Money transformed economics and changed the face of modern macroeconomics. Keynes’ argument is based on the idea that the level of employment is not determined by the price of labour, but by the spending of money. It gave way to an entirely new approach where employment, inflation and the market economy are concerned. Highly provocative at its time of publication, this book and Keynes’ theories continue to remain the subject of much support and praise, criticism and debate. Economists at any stage in their career will enjoy revisiting this treatise and observing the relevance of Keynes’ work in today’s contemporary climate.

A History of Post Keynesian Economics Since 1936

Author : John Edward King
Publisher : Edward Elgar Publishing
Page : 336 pages
File Size : 50,5 Mb
Release : 2002
Category : Business & Economics
ISBN : STANFORD:36105111770454

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A History of Post Keynesian Economics Since 1936 by John Edward King Pdf

Arguing that post-Keynesian economics extended the discussion to questions neglected by Keynes and challenged orthodox macroeconomics, King (economics, La Trobe U., Australia) traces the development of post-Keynesianism from its origins in the 1930s to possible future developments. Along the way, he examines the challenges of the theory to the neoclassical paradigm of the 1970s, its ultimate failure to prevail, the differences between various schools of post-Keynesian theory, and relations with other economic theories. He treats the topic as solely an intellectual history, not discussing how political and social power may have affected the ability of one or the other economic theories to prevail. Annotation copyrighted by Book News, Inc., Portland, OR

A History of Macroeconomics from Keynes to Lucas and Beyond

Author : Michel De Vroey
Publisher : Cambridge University Press
Page : 451 pages
File Size : 50,7 Mb
Release : 2016-01-08
Category : Business & Economics
ISBN : 9780521898430

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A History of Macroeconomics from Keynes to Lucas and Beyond by Michel De Vroey Pdf

This book retraces the history of macroeconomics from Keynes's General Theory to the present. Central to it is the contrast between a Keynesian era and a Lucasian - or dynamic stochastic general equilibrium (DSGE) - era, each ruled by distinct methodological standards. In the Keynesian era, the book studies the following theories: Keynesian macroeconomics, monetarism, disequilibrium macro (Patinkin, Leijongufvud, and Clower) non-Walrasian equilibrium models, and first-generation new Keynesian models. Three stages are identified in the DSGE era: new classical macro (Lucas), RBC modelling, and second-generation new Keynesian modeling. The book also examines a few selected works aimed at presenting alternatives to Lucasian macro. While not eschewing analytical content, Michel De Vroey focuses on substantive assessments, and the models studied are presented in a pedagogical and vivid yet critical way.

Keynes and The General Theory Revisited

Author : Axel Kicillof
Publisher : Routledge
Page : 390 pages
File Size : 48,8 Mb
Release : 2017-07-31
Category : Business & Economics
ISBN : 9781351601252

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Keynes and The General Theory Revisited by Axel Kicillof Pdf

Every time the economy goes through a period of crisis, Keynes’ name is called upon by economists and politicians from diverse backgrounds. However, 70 years after the publication of The General Theory of Employment, Interest and Money, specialists are still far—maybe everyday further—from reaching agreement about the genuine contents of Keynes’ most important work. This controversy has been marked by a paradoxical turn: it is above all the literature about Keynes which, in the last decades, has imposed the terms of the debate, while The General Theory lacks readers. Accused by both its detractors and admirers of being a confusing book that is inconsistent and even plagued with logical errors, the most important contribution of the most influential economist of the 20th century has been condemned to be forgotten or, at best, to live uncomfortably in the voices of those who have spoken on his behalf. This book is the result of rigorous critical research which reconstructs the spectrum of discussion surrounding Keynes’ main work. The book begins by describing the historical background and the state of the pre-Keynesian economic theory, subsequently immersing the reader in a concise but detailed—as well as innovative— interpretation of the original text. The revision of some of the main interpretative currents prepares the field for the book’s ultimate contribution: the identification of the fundamentals that sustain the analytical structure of The General Theory. At the same time, this exploration of the theoretical fundamentals of The General Theory makes this book an original intervention on the genesis and relevance of the divide between micro and macroeconomics—a division that has been fully accepted by contemporary macro theorists.

Introduction to Post-Keynesian Economics

Author : M. Lavoie
Publisher : Springer
Page : 150 pages
File Size : 50,8 Mb
Release : 2007-06-15
Category : Business & Economics
ISBN : 9780230626300

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Introduction to Post-Keynesian Economics by M. Lavoie Pdf

This book shows how the realistic foundations and stylized facts of Post-Keynesian economics give rise to macroeconomic implications that are different from those of received wisdom with regards to employment, output growth, inflation and monetary theory, and offers an alternative to neoclassical economics and its free-market economic policies.

In Defense of Post-Keynesian and Heterodox Economics

Author : Frederic S. Lee,Marc Lavoie
Publisher : Routledge
Page : 282 pages
File Size : 53,6 Mb
Release : 2012-11-12
Category : Business & Economics
ISBN : 9781136215667

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In Defense of Post-Keynesian and Heterodox Economics by Frederic S. Lee,Marc Lavoie Pdf

Post-Keynesian and heterodox economics challenge the mainstream economics theories that dominate the teaching at universities and government economic policies. And it was these latter theories that helped to cause the great depression the United States and the rest of the world is in. However, most economists and the top 1% do not want mainstream theories challenged—for to do so would mean questioning why and how the 1% got where they are. Therefore, numerous efforts have been and are being made to discredit if not suppress Post-Keynesian and heterodox economics. These efforts have had some success; this book is a response to them. This book makes it clear that Post Keynesian/heterodox economics is, in spite of internal problems, a viable and important approach to economics and that it should resist the attempts of the critics to bury it. The reader will also find arguments that directly engage the critics and suggest that their views/criticisms are vacuous and wrong. As such, this will appeal to all who are interested in economic theory, economic history and who believe in challenging the orthodoxy.

Post-Keynesian Essays from Down Under Volume II: Essays on Policy and Applied Economics

Author : G. Harcourt,Peter Kriesler,Joseph Halevi,John Nevile
Publisher : Springer
Page : 444 pages
File Size : 53,9 Mb
Release : 2017-03-21
Category : Business & Economics
ISBN : 9781137475350

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Post-Keynesian Essays from Down Under Volume II: Essays on Policy and Applied Economics by G. Harcourt,Peter Kriesler,Joseph Halevi,John Nevile Pdf

Joseph Halevi, G. C. Harcourt, Peter Kriesler and J. W. Nevile bring together a collection of their most influential papers on post-Keynesian thought. Their work stresses the importance of the underlying institutional framework, of the economy as a historical process and, therefore, of path determinacy. In addition, their essays suggest the ultimate goal of economics is as a tool to inform policy and make the world a better place, with better being defined by an overriding concern with social justice. Volume II assess application and policies.