Keynes S General Theory And Accumulation

Author : Athanasios Asimakopulos
Publisher : Cambridge University Press
Page : 232 pages
File Size : 41,6 Mb
Release : 1991-06-28
Category : Business & Economics
ISBN : 0521368154

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Keynes's General Theory and Accumulation by Athanasios Asimakopulos Pdf

This book makes Keynes's writing on his General Theory accessible to students by presenting this theory in a careful, consistent manner that is faithful to the original. Keynes's theory continues to be important, because the issues it raised, such as the problems of involuntary unemployment, the volatility of investment, and the complexity of monetary arrangements in modern capitalist economies, are still with us. Keynes's method of analysis, which tries to allow for the complications of dealing with historical time, deserves the careful attention given in this book. Keynes's formal analysis dealt only with a short period of time during which changes in productive capacity as a result of net investment were small relative to initial productive capacity. Roy Harrod and Joan Robinson were the two most prominent followers of Keynes who attempted to extend his analysis to the long period by allowing for the effects of investment on productive capacity as well as on effective demand. The careful examination of their writings on this topic is a natural complement to the presentation of Keynes's General Theory and makes clear the severe limitations on any use of equilibrium concepts in dealing with accumulation in models that try to observe Keynes's warnings about an unknowable future in the type of world we inhabit.

Author : John Maynard Keynes
Publisher : Springer
Page : 404 pages
File Size : 48,9 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.

Author : Thomas Cate
Publisher : Edward Elgar Publishing
Page : 361 pages
File Size : 51,7 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.

Author : R. Dimand,R. Mundell,A. Vercelli
Publisher : Springer
Page : 316 pages
File Size : 42,9 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.

Author : Sheila Dow,Jesper Jespersen,Geoff Tily
Publisher : Edward Elgar Publishing
Page : 232 pages
File Size : 41,7 Mb
Release : 2018-07-27
Category : Business & Economics
ISBN : 9781786439888

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The General Theory and Keynes for the 21st Century by Sheila Dow,Jesper Jespersen,Geoff Tily Pdf

This book is devoted to the lasting impact of The General Theory (and Keynes’s thought) on macroeconomic theory, methodology and its relevance for understanding the post-crisis challenges of the 21st Century. A number of contributions take their departure from Keynes's presentation during the 1930's of his new macroeconomic understanding and its policy implications. Other chapters take a more pluralistic view of Keynes's ideas and their importance for contemporary debates. Further, it is demonstrated that many textbooks often misrepresent The General Theory and therefore cannot be a reliable guide to 21st Century economic policy.

Author : J. Clark Leith,Don Patinkin
Publisher : Springer
Page : 192 pages
File Size : 54,9 Mb
Release : 1977-12-15
Category : Business & Economics
ISBN : 9781349035236

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Keynes, Cambridge and the General Theory by J. Clark Leith,Don Patinkin Pdf

Author : Richard F. Kahn,Raffaele Mattioli Foundation
Publisher : Cambridge University Press
Page : 338 pages
File Size : 46,5 Mb
Release : 1984-05-10
Category : Business & Economics
ISBN : 9780521253734

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The Making of Keynes' General Theory by Richard F. Kahn,Raffaele Mattioli Foundation Pdf

This 1984 book describes the development of thought, both of Keynes and others, culminating in the publication in 1936 of Keynes' General Theory of Employment, Interest and Money. As one of Keynes' close collaborators - from December 1929, when the writing of the Treatise was nearing its completion - Richard Khan provides a uniquely insightful analysis of these events. The author starts with a brief survey of the contributions influential in forming Keynes' early ideas, and moves on to explore the significance of the Quantity Theory of Money, and traces the development of Keynes' attitude towards the theory through his published books. Subsequent lectures are devoted to Keynes' Treatise on Money, and to his more popular writings as an economic adviser which marked the transition from the thinking in the Treatise to that in the General Theory which the author critically examines. The final lecture records the author's memory of his personal relationship with Keynes.

Author : David Felix
Publisher : Routledge
Page : 285 pages
File Size : 40,8 Mb
Release : 2017-10-19
Category : Business & Economics
ISBN : 9781351294232

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Biography of an Idea by David Felix Pdf

The culmination of John Maynard Keynes's thought and lifework was The General Theory of Employment, Interest and Money. Here, placing it in the context of his era, David Felix examines the evolution of Keynes's theorizing. He boldly claims that The General Theory lacks logical and factual support as pure theory, but is an achievement of great statesmanship in political economy. Felix argues that Keynes's ideas have misled successive generations of students and practitioners. He suggests that a more discriminating view of his thought can reconcile Keynesian views with neoclassical theory and replace the false synthesis that dominates contemporary text-books with a truer one. Biography of an Idea devotes four chapters to an analysis of The General Theory and an examination of the economic logic of Keynes. The author disentangles the work's fundamentally simple theses from its difficult technical pre-sentation. He shows how Keynes shaped his economic model as he did as an effort to win public support for sensible policies that clashed with generally accepted beliefs of the time. Biography of an Idea is bound to be controversial due to the many cohorts of economists who have been trained in macroeconomics according to Keynes. It will be of interest and ac-cessible to intellectually curious laymen and students, and important to economists, historians, and political scientists.

Author : Stephen A. Marglin
Publisher : Harvard University Press
Page : 921 pages
File Size : 49,6 Mb
Release : 2021-06-15
Category : Business & Economics
ISBN : 9780674246201

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Raising Keynes by Stephen A. Marglin Pdf

Back to the future: a heterodox economist rewrites Keynes’s General Theory of Employment, Interest, and Money to serve as the basis for a macroeconomics for the twenty-first century. John Maynard Keynes’s General Theory of Employment, Interest, and Money was the most influential economic idea of the twentieth century. But, argues Stephen Marglin, its radical implications were obscured by Keynes’s lack of the mathematical tools necessary to argue convincingly that the problem was the market itself, as distinct from myriad sources of friction around its margins. Marglin fills in the theoretical gaps, revealing the deeper meaning of the General Theory. Drawing on eight decades of discussion and debate since the General Theory was published, as well as on his own research, Marglin substantiates Keynes’s intuition that there is no mechanism within a capitalist economy that ensures full employment. Even if deregulating the economy could make it more like the textbook ideal of perfect competition, this would not address the problem that Keynes identified: the potential inadequacy of aggregate demand. Ordinary citizens have paid a steep price for the distortion of Keynes’s message. Fiscal policy has been relegated to emergencies like the Great Recession. Monetary policy has focused unduly on inflation. In both cases the underlying rationale is the false premise that in the long run at least the economy is self-regulating so that fiscal policy is unnecessary and inflation beyond a modest 2 percent serves no useful purpose. Fleshing out Keynes’s intuition that the problem is not the warts on the body of capitalism but capitalism itself, Raising Keynes provides the foundation for a twenty-first-century macroeconomics that can both respond to crises and guide long-run policy.

Author : 50MINUTES.COM,
Publisher : 50Minutes.com
Page : 88 pages
File Size : 42,5 Mb
Release : 2018-01-04
Category : Business & Economics
ISBN : 9782808006330

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Book Review: The General Theory of Employment, Interest and Money by John M. Keynes by 50MINUTES.COM, Pdf

It can be hard for busy professionals to find the time to read the latest books. Stay up to date in a fraction of the time with this concise guide. The General Theory of Employment, Interest and Money by John Maynard Keynes was first published in 1936, and had a lasting impact on both economic theory and state economic policies. Keynes’s primary aim was to challenge certain aspects of classical economics which were accepted as fact at the time, namely Say’s law, which states that supply will create its own demand, and the assumption that free markets automatically tend towards full employment. Keynes introduced several revolutionary concepts in this book, including effective demand, the propensity to consume, the investment multiplier and the liquidity-preference, to support his arguments in favour of greater state interventionism as a response to financial crises. This book review and analysis is perfect for: • Anyone interested in the history of economic theory, particularly macroeconomics • Anyone who wants to understand the aims of state intervention in the financial market • Students of, or anyone interested in, modern politics and economics About 50MINUTES.COM| BOOK REVIEW The Book Review series from the 50Minutes collection is aimed at anyone who is looking to learn from experts in their field without spending hours reading endless pages of information. Our reviews present a concise summary of the main points of each book, as well as providing context, different perspectives and concrete examples to illustrate the key concepts.

Author : John Maynard Keynes
Publisher : Repro Knowledgcast Limited
Page : 278 pages
File Size : 48,7 Mb
Release : 2021-08-16
Category : Electronic
ISBN : 9390997739

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

The General Theory of Employment, Interest and Money of 1936 is a book by English economist John Maynard Keynes. It caused a profound shift in economic thought, giving macroeconomics a central place in economic theory and contributing much of its terminology - the "Keynesian Revolution". It had equally powerful consequences in economic policy, being interpreted as providing theoretical support for government spending in general, and for budgetary deficits, monetary intervention and counter-cyclical policies in particular. It is pervaded with an air of mistrust for the rationality of free-market decision making. Regarded widely as the cornerstone of Keynesian thought, this book challenged the established classical economics and introduced new concepts. It remains a relevant topic of debate to this day, perhaps more than ever. Given the economic turmoil of recent years, this debate is more heated than ever, between the Keynesian model of economics of Bush and Obama which favors bailouts and other government intervention to try to stabilize the market, and the Austrian school of economics which sees government intervention as detrimental and favors letting the market sort itself out on its own with minimal government interference.

Author : John Maynard Keynes
Publisher : Unknown
Page : 0 pages
File Size : 44,6 Mb
Release : 1991
Category : Economics
ISBN : LCCN:48031064

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

Author : Christopher Torr
Publisher : Routledge
Page : 162 pages
File Size : 46,5 Mb
Release : 2019-03-06
Category : Political Science
ISBN : 9780429698514

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Equilibrium, Expectations, And Information by Christopher Torr Pdf

This book attempts to elucidate the views of Keynes's General Theory as far as equilibrium, expectations and information are concerned, and compares them with those of modern classical economists of the Chicago and Ricardian persuasion.

Author : John Keynes
Publisher : Unknown
Page : 428 pages
File Size : 48,9 Mb
Release : 2017-04-04
Category : Electronic
ISBN : 1520995814

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The General Theory of Employment, Interest and Money (Illustrated) by John Keynes Pdf

The General Theory of Employment, Interest and Money was written by the English economist John Maynard Keynes. The book, generally considered to be his magnum opus, is largely credited with creating the terminology and shape of modern macroeconomics. Published in February 1936, it sought to bring about a revolution, commonly referred to as the "Keynesian Revolution", in the way economists thought - especially in relation to the proposition that a market economy tends naturally to restore itself to full employment after temporary shocks. Regarded widely as the cornerstone of Keynesian thought, the book challenged the established classical economics and introduced important concepts such as the consumption function, the multiplier, the marginal efficiency of capital, the principle of effective demand and liquidity preference. The central argument of The General Theory is that the level of employment is determined, not by the price of labour as in neoclassical economics, but by the spending of money (aggregate demand). Keynes argues that it is wrong to assume that competitive markets will in the long run deliver full employment or that full employment is the natural, self-righting, equilibrium state of a monetary economy. On the contrary, under-employment and under-investment are likely to be the natural state unless active measures are taken. One implication of The General Theory is that an absence of competition is not the main issue regarding unemployment, and that even reducing wages or benefits have no major effect.

Author : Geoffrey Colin Harcourt,P. A. Riach
Publisher : Psychology Press
Page : 838 pages
File Size : 49,8 Mb
Release : 1997
Category : Keynesian economics
ISBN : 0415149428

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