Keynes Coordination And Beyond

Author : Harry Garretsen
Publisher : Unknown
Page : 248 pages
File Size : 42,5 Mb
Release : 1992
Category : Biography & Autobiography
ISBN : STANFORD:36105000073838

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Keynes, Coordination, and Beyond by Harry Garretsen Pdf

This book proposes that the coordination problems lies at the heart of Keynes' economics and argues that Keynes' message got lost in the post-war period. The text develops an extension of Keynes' ideas within a general equilibrium framework and within alternative frameworks such as Austrian economics. It is demonstrated that in the absence of a co-ordinating device like the Walrasian auctioneer or in the presence of uncertainty, co-ordination can no longer be superimposed. This ultimately implies that apart from some notable exceptions, the Keynesian revolution was in fact stifled at birth because the validity of the central concepts of microeconomics have never been challenged.

Author : Harry Garretsen
Publisher : Unknown
Page : 246 pages
File Size : 47,6 Mb
Release : 1992
Category : Biography & Autobiography
ISBN : 1852786205

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Keynes, Coordination, and Beyond by Harry Garretsen Pdf

This book proposes that the coordination problems lies at the heart of Keynes' economics and argues that Keynes' message got lost in the post-war period. The text develops an extension of Keynes' ideas within a general equilibrium framework and within alternative frameworks such as Austrian economics. It is demonstrated that in the absence of a co-ordinating device like the Walrasian auctioneer or in the presence of uncertainty, co-ordination can no longer be superimposed. This ultimately implies that apart from some notable exceptions, the Keynesian revolution was in fact stifled at birth because the validity of the central concepts of microeconomics have never been challenged.

Author : David Colander
Publisher : Cambridge University Press
Page : 286 pages
File Size : 49,8 Mb
Release : 1996-01-26
Category : Business & Economics
ISBN : 0521552370

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Beyond Microfoundations by David Colander Pdf

This book discusses the foundations for post-Walrasian macroeconomics.

Author : Sheila C. Dow,John Hillard
Publisher : Unknown
Page : 342 pages
File Size : 52,8 Mb
Release : 2002
Category : Competition
ISBN : STANFORD:36105026132659

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Beyond Keynes: Keynes, uncertainty and the global economy by Sheila C. Dow,John Hillard Pdf

This book should be welcomed by post Keynesian economists, microeconomists and those interested in international economics.

Author : S. G. van der Lecq
Publisher : Edward Elgar Publishing
Page : 240 pages
File Size : 55,5 Mb
Release : 2000-01-01
Category : Business & Economics
ISBN : 178254190X

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Money, Coordination, and Prices by S. G. van der Lecq Pdf

This study presents a view of the economy, and how to model it, in which the current "ideal" of isolated agents coordinated by clearing markets is replaced by an open system in which money, trust, conventions and institutions all play their part in the system's coordination.

Author : Gerard H. Kuper,Elmer Sterken,Els Wester
Publisher : Springer Science & Business Media
Page : 274 pages
File Size : 50,6 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9781461515494

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Coordination and Growth by Gerard H. Kuper,Elmer Sterken,Els Wester Pdf

Coordination and Growth: Essays in Honour of Simon K. Kuipers, addresses a rich variety of coordination issues in macroeconomics. It contains detailed studies in economic policy, monetary economics, and growth theory and uses various methodologies to address the coordination issue: from a pure theoretical to an empirical econometric approach. It is stressed that modern macroeconomics should focus on coordination issues. Imperfections of various kinds are likely to lead to coordination failures, which can lead to large welfare losses. Macroeconomists should address the causes and implications of imperfections and failures. In this book attempts are made to increase our knowledge in this field. The book is a tribute to one of the leading Dutch macroeconomists, Simon K. Kuipers. Simon Kuipers shows a major interest in the theory of capital (following e.g. Harrod), growth theory (following Solow), monetary theory (following Tobin), and disequilibrium theory (following Malinvaud and Benassy). The lines of thought have in common that they use frictions to explain the functioning of a market economy. The nature of the frictions varies from pure quantity rationing, like in the Malinvaud analysis, to imperfect substitution of various capital goods (like in the vintage models or assets (in the general monetary equilibrium models proposed by Tobin). Kuipers is not only interested in pure theoretical contributions, he also stimulates econometric work in line with the Dutch tradition initiated by Tinbergen. His applied work relates to policy analysis and policy prescriptions in many fields, ranging from monetary economics to distortions in the labour market. Kuipers can be classified as a true Keynesian, although he admires neoclassical theory for its rigour and compactness. Better still, he is an eclectic economist with an open eye for the different schools of thought in macroeconomics.

Author : Allin Cottrell,Michael S. Lawlor
Publisher : Duke University Press
Page : 304 pages
File Size : 50,8 Mb
Release : 1995
Category : Economic history
ISBN : 0822317052

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New Perspectives on Keynes by Allin Cottrell,Michael S. Lawlor Pdf

Interest in John Maynard Keynes has increased significantly over the past decade with the publication of his collected writings, increased access to his unpublished papers, and the resulting explosion of secondary literature. Responding to this renewed attention, this collection brings together economists and historians of economics with scholars from philosophy and other related fields to reconsider Keynes's work and its legacy. Several of these essays look at Keynes not simply as an economist, but more broadly as a philosopher. Special attention is directed to his views on aesthetics and moral philosophy, as well as his contributions as a probability theorist. The development of the Keynesian heritage is also considered: How did Keynesian ideas become assimilated and domesticated into the mainstream of economic thought--to the point of becoming dominant as the orthodoxy of the economics profession? What was the relationship between postwar British conservatives, Keynes's work, and Britain's relative economic decline? The archivist in charge of Keynes's papers provides an additional vantage point on Keynes's working methods and the broad range of scholars interested in his writings. Finally, all of the essays are followed by a responder's comments, thus providing an exchange of viewpoints. Contributors. A. W. Coats, Allin F. Cottrell, Jacqueline Cox, William Darity, John Davis, Robert Dimand, Peter Groenewegen, Kevin Hoover, Henry E. Kyburg Jr., David Laidler, Michael S. Lawlor, Greg Lilly, D. E. Moggridge, R. M. O'Donnell, Kerry Pearce, Jochen Runde, Teddy Seidenfeld, J. D. Tomlinson

Author : Professor Geoffrey Harcourt,Peter Riach
Publisher : Routledge
Page : 558 pages
File Size : 46,6 Mb
Release : 2006-08-23
Category : Business & Economics
ISBN : 9781134824229

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The General Theory by Professor Geoffrey Harcourt,Peter Riach Pdf

Keynes always intended to write 'footnotes' to his masterwork The General Theory, which would take account of the criticisms made of it and allow him to develop and refine his ideas further. However, a number of factors combined to prevent him from doing so before his death in 1946. A wide range of Keynes scholars - including James Tobin, Paul Davidson and Lord Skidelsky - have written here the 'footnotes' that Keynes never did.

Author : Geoffrey Colin Harcourt,P. A. Riach
Publisher : Psychology Press
Page : 494 pages
File Size : 40,8 Mb
Release : 1997
Category : Keynesian economics
ISBN : 0415149436

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A "second Edition" of The General Theory by Geoffrey Colin Harcourt,P. A. Riach Pdf

Author : G. C. Harcourt,P. A. Riach
Publisher : Routledge
Page : 494 pages
File Size : 49,5 Mb
Release : 2005-06-27
Category : Business & Economics
ISBN : 9781134824144

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The General Theory by G. C. Harcourt,P. A. Riach Pdf

This second volume contains essays which relate to developments in Keynes' scholarship and theorizing in the years since his death and demonstrates the ongoing validity of the Keynesian tradition.

Author : Michel De Vroey
Publisher : Cambridge University Press
Page : 451 pages
File Size : 54,8 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.

Author : Roy Jeffrey Rotheim
Publisher : Psychology Press
Page : 410 pages
File Size : 41,7 Mb
Release : 1998
Category : Business & Economics
ISBN : 9780415123884

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New Keynesian Economics/post Keynesian Alternatives by Roy Jeffrey Rotheim Pdf

New Keynesian Economics has been the most significant development in economics in recent years. However, many modern thinkers have asked whether it actually builds upon or merely distorts Keynes' work. This unique volume provides the first full-scale critique of the New Keynesian school of thought. Within its pages, Post-Keynesian economists, including many from the United States, challenge New Keynesianism both on the grounds that it is not Keynesian, and does not provide an adequate account of our current economic problems. Sure to provoke much new debate and even controversy, New Keynesian Economicsseeks to reconcile these two seemingly intractable systems.

Author : Roy Rotheim
Publisher : Taylor & Francis
Page : 409 pages
File Size : 49,5 Mb
Release : 2013-03-07
Category : Business & Economics
ISBN : 9781134804764

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New Keynesian Economics / Post Keynesian Alternatives by Roy Rotheim Pdf

The New Keynesian Economics has been the most significant development in economics in recent years. Does it actually build upon Keynes' work? In this volume, leading post Keynesian economists challenge New Keynesianism both on the grounds that it is not Keynesian, and does not provide an adequate account of our current economic problems.

Author : Tyler Beck Goodspeed
Publisher : Oxford University Press
Page : 216 pages
File Size : 46,6 Mb
Release : 2012-06-04
Category : Business & Economics
ISBN : 9780199942794

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Rethinking the Keynesian Revolution by Tyler Beck Goodspeed Pdf

While standard accounts of the 1930s debates surrounding economic thought pit John Maynard Keynes against Friedrich von Hayek in a clash of ideology, this reflexive dichotomy is in many respects superficial. It is the argument of this book that both Keynes and Hayek developed their respective theories of the business cycle within the tradition of Swedish economist Knut Wicksell, and that this shared genealogy manifested itself in significant theoretical affinities between the two supposed antagonists. The salient features of Wicksell's work, namely the importance of money, the role of uncertainty, coordination failures, and the element of time in capital accumulation, all motivated the Keynesian and Hayekian theories of economic fluctuations. They also contributed to a fundamental convergence between the two economists during the 1930s. This shared, "Wicksellian" vision of economic problems points to a very different research agenda from that of the Walrasian-style, general equilibrium analysis that has dominated postwar macroeconomics. This book will appeal to economists interested in historical perspective of their discipline, as well as historians of economic thought. The author not only deconstructs some of the historical misconceptions of the Keynes versus Hayek debate, but also suggests how the insights uncovered can inform and instruct modern theory. While much of the analysis is technical, it does not assume previous knowledge of 1930s economic theory, and should be accessible to academics and graduate students with general economics training.

Author : Sheila C. Dow,John Hillard
Publisher : Edward Elgar Publishing
Page : 296 pages
File Size : 44,6 Mb
Release : 2002
Category : Business & Economics
ISBN : STANFORD:36105026132964

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Post Keynesian Econometrics, Microeconomics and the Theory of the Firm by Sheila C. Dow,John Hillard Pdf

While the first conference (1993) focused on methodological issues, the 13 papers of the second are more concerned with developments in theory, empirical work, and policy questions as they seek to carry on the insights of economist John Maynard Keynes into and through the 1990s. Among the themes are the relationship between microeconomic and macroeconomic levels, uncertainty and its implications for individual behavior as it underpins macroeconomic behavior, and applying post- Keynesian theory to policy questions particularly in the international arena. The proceedings of the first conference were published under a separate title, and this series begins Volume One with the second conference. Annotation copyrighted by Book News, Inc., Portland, OR