Author: Geoffrey Colin Harcourt
Publisher: Psychology Press
ISBN: 9780415149433
Category : Keynesian economics
Languages : en
Pages : 494

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Book Description

Author: John Maynard Keynes
Publisher: Atlantic Publishers & Dist
ISBN: 9788126905911
Category : Business & Economics
Languages : en
Pages : 410

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Book Description
John Maynard Keynes is the great British economist of the twentieth century whose hugely influential work The General Theory of Employment, Interest and * is undoubtedly the century's most important book on economics--strongly influencing economic theory and practice, particularly with regard to the role of government in stimulating and regulating a nation's economic life. Keynes's work has undergone significant revaluation in recent years, and "Keynesian" views which have been widely defended for so long are now perceived as at odds with Keynes's own thinking. Recent scholarship and research has demonstrated considerable rivalry and controversy concerning the proper interpretation of Keynes's works, such that recourse to the original text is all the more important. Although considered by a few critics that the sentence structures of the book are quite incomprehensible and almost unbearable to read, the book is an essential reading for all those who desire a basic education in economics. The key to understanding Keynes is the notion that at particular times in the business cycle, an economy can become over-productive (or under-consumptive) and thus, a vicious spiral is begun that results in massive layoffs and cuts in production as businesses attempt to equilibrate aggregate supply and demand. Thus, full employment is only one of many or multiple macro equilibria. If an economy reaches an underemployment equilibrium, something is necessary to boost or stimulate demand to produce full employment. This something could be business investment but because of the logic and individualist nature of investment decisions, it is unlikely to rapidly restore full employment. Keynes logically seizes upon the public budget and government expenditures as the quickest way to restore full employment. Borrowing the * to finance the deficit from private households and businesses is a quick, direct way to restore full employment while at the same time, redirecting or siphoning

Author: Michael Wickens
Publisher: Princeton University Press
ISBN: 1400842476
Category : Business & Economics
Languages : en
Pages : 617

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Book Description
The definitive graduate textbook on modern macroeconomics Macroeconomic Theory is the most up-to-date graduate-level macroeconomics textbook available today. This revised second edition emphasizes the general equilibrium character of macroeconomics to explain effects across the whole economy while taking into account recent research in the field. It is the perfect resource for students and researchers seeking coverage of the most current developments in macroeconomics. Michael Wickens lays out the core ideas of modern macroeconomics and its links with finance. He presents the simplest general equilibrium macroeconomic model for a closed economy, and then gradually develops a comprehensive model of the open economy. Every important topic is covered, including growth, business cycles, fiscal policy, taxation and debt finance, current account sustainability, and exchange-rate determination. There is also an up-to-date account of monetary policy through inflation targeting. Wickens addresses the interrelationships between macroeconomics and modern finance and shows how they affect stock, bond, and foreign-exchange markets. In this edition, he also examines issues raised by the most recent financial crisis, and two new chapters explore banks, financial intermediation, and unconventional monetary policy, as well as modern theories of unemployment. There is new material in most other chapters, including macrofinance models and inflation targeting when there are supply shocks. While the mathematics in the book is rigorous, the fundamental concepts presented make the text self-contained and easy to use. Accessible, comprehensive, and wide-ranging, Macroeconomic Theory is the standard book on the subject for students and economists. The most up-to-date graduate macroeconomics textbook available today General equilibrium macroeconomics and the latest advances covered fully and completely Two new chapters investigate banking and monetary policy, and unemployment Addresses questions raised by the recent financial crisis Web-based exercises with answers Extensive mathematical appendix for at-a-glance easy reference This book has been adopted as a textbook at the following universities: American University Bentley College Brandeis University Brigham Young University California Lutheran University California State University - Sacramento Cardiff University Carleton University Colorado College Fordham University London Metropolitan University New York University Northeastern University Ohio University - Main Campus San Diego State University St. Cloud State University State University Of New York - Amherst Campus State University Of New York - Buffalo North Campus Temple University - Main Texas Tech University University of Alberta University Of Notre Dame University Of Ottawa University Of Pittsburgh University Of South Florida - Tampa University Of Tennessee University Of Texas At Dallas University Of Washington University of Western Ontario Wesleyan University Western Nevada Community College

Author: G. Tily
Publisher: Springer
ISBN: 0230801374
Category : Business & Economics
Languages : en
Pages : 352

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Book Description
This book argues that Keynesian economists have betrayed Keynes' theory and policy conclusions, and that the world has been misled about those policies. Keynesians have focused attention on policies for dealing with effects of economic failure as they arise, whereas Keynes was concerned with the cause and then the prevention of economic failure.

Author: G. Grätzer
Publisher: Birkhäuser
ISBN: 3034876335
Category : Science
Languages : en
Pages : 392

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Book Description
In the first half of the nineteenth century, George Boole's attempt to formalize propositional logic led to the concept of Boolean algebras. While investigating the axiomatics of Boolean algebras at the end of the nineteenth century, Charles S. Peirce and Ernst Schröder found it useful to introduce the lattice concept. Independently, Richard Dedekind's research on ideals of algebraic numbers led to the same discov ery. In fact, Dedekind also introduced modularity, a weakened form of distri butivity. Although some of the early results of these mathematicians and of Edward V. Huntington are very elegant and far from trivial, they did not attract the attention of the mathematical community. It was Garrett Birkhoff's work in the mid-thirties that started the general develop ment of lattice theory. In a brilliant series of papers he demonstrated the importance of lattice theory and showed that it provides a unifying framework for hitherto unrelated developments in many mathematical disciplines. Birkhoff himself, Valere Glivenko, Karl Menger, John von Neumann, Oystein Ore, and others had developed enough of this new field for Birkhoff to attempt to "seIl" it to the general mathematical community, which he did with astonishing success in the first edition of his Lattice Theory. The further development of the subject matter can best be followed by com paring the first, second, and third editions of his book (G. Birkhoff [1940], [1948], and [1967]).

Author: John Maynard Keynes
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Author: Marcel Mauss
Publisher: Routledge
ISBN: 1134522231
Category : Social Science
Languages : en
Pages : 200

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Book Description
First written by Marcel Mauss and Henri Humbert in 1902, A General Theory of Magic gained a wide new readership when republished by Mauss in 1950. As a study of magic in 'primitive' societies and its survival today in our thoughts and social actions, it represents what Claude Lévi-Strauss called, in an introduction to that edition, the astonishing modernity of the mind of one of the century's greatest thinkers. The book offers a fascinating snapshot of magic throughout various cultures as well as deep sociological and religious insights still very much relevant today. At a period when art, magic and science appear to be crossing paths once again, A General Theory of Magic presents itself as a classic for our times.

Author: Lars Skyttner
Publisher: World Scientific
ISBN: 9812774750
Category : Science
Languages : en
Pages : 538

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Book Description
Systems theorists see common principles in the structure and operation of systems of all kinds and sizes. They promote an interdisciplinary science adapted for a universal application with a common language and area of concepts. In order to solve problems, make recommendations and predict the future, they use theories, models and concepts from the vast area of general systems theory. This approach is chosen as a means to overcome the fragmentation of knowledge and the isolation of the specialist but also to find new approaches to problems created by earlier 'solution of problems.'. This revised and updated second edition of General Systems Theory OCo Ideas and Applications includes new systems theories and a new chapter on self-organization and evolution. The book summarizes most of the fields of systems theory and its application systems science in one volume. It provides a quick and readable reference guide for future learning containing both general theories and practical applications without the use of complicated mathematics. Sample Chapter(s). Chapter 1: The Emergence of Holistic Thinking (2,002 KB). Contents: The Theories and Why: The Emergence of Holistic Thinking; Basic Ideas of General Systems Theory; A Selection of Systems Theories; Communication and Information Theory; Some Theories of Brain and Mind; Self-Organization and Evolution; The Applications and How: Artificial Intelligence and Life; Organizational Theory and Management Cybernetics; Decision-Making and Decision Aids; Informatics; Some of the Systems Methodologies; The Future of Systems Theory. Readership: Computer specialists, architects, businessmen, decision makers of all kinds, teachers and holistic thinkers."

Author: Brendan Sheehan
Publisher: Palgrave MacMillan
ISBN:
Category : Business & Economics
Languages : en
Pages : 322

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Book Description
This book is a comprehensive guide for those seeking to fully understand Keynes' General Theory of Employment, Interest and Money, and especially those approaching the work for the first time. It also highlights Keynes important policy insights. This book is an essential introduction to Keynes most influential text.

Author: D.J. Daley
Publisher: Springer Science & Business Media
ISBN: 0387215646
Category : Mathematics
Languages : en
Pages : 487

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Book Description
Point processes and random measures find wide applicability in telecommunications, earthquakes, image analysis, spatial point patterns, and stereology, to name but a few areas. The authors have made a major reshaping of their work in their first edition of 1988 and now present their Introduction to the Theory of Point Processes in two volumes with sub-titles Elementary Theory and Models and General Theory and Structure. Volume One contains the introductory chapters from the first edition, together with an informal treatment of some of the later material intended to make it more accessible to readers primarily interested in models and applications. The main new material in this volume relates to marked point processes and to processes evolving in time, where the conditional intensity methodology provides a basis for model building, inference, and prediction. There are abundant examples whose purpose is both didactic and to illustrate further applications of the ideas and models that are the main substance of the text.