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Author: Harry Garretsen
Publisher:
ISBN:
Category : Biography & Autobiography
Languages : en
Pages : 248
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Book Description
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:
ISBN:
Category : Biography & Autobiography
Languages : en
Pages : 248
Get Book Here
Book Description
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:
ISBN: 9781852786205
Category : Biography & Autobiography
Languages : en
Pages : 246
Get Book Here
Book Description
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:
ISBN:
Category :
Languages : en
Pages : 243
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Book Description
Author: Harry Garretsen
Publisher:
ISBN:
Category : Keynesian economics
Languages : en
Pages : 243
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Book Description
With a summary in Dutch.
Author: Sheila C. Dow
Publisher:
ISBN:
Category : Competition
Languages : en
Pages : 342
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Book Description
This book should be welcomed by post Keynesian economists, microeconomists and those interested in international economics.
Author: David Colander
Publisher: Cambridge University Press
ISBN: 9780521552370
Category : Business & Economics
Languages : en
Pages : 286
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Book Description
This book discusses the foundations for post-Walrasian macroeconomics.
Author: Michel De Vroey
Publisher: Cambridge University Press
ISBN: 1316419002
Category : Business & Economics
Languages : en
Pages : 451
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Book Description
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 macroeconomics (Patinkin, Leijongufvud and Clower), non-Walrasian equilibrium models, and first-generation new Keynesian models. Three stages are identified in the DSGE era: new classical macroeconomics (Lucas), RBC modelling, and second-generation new Keynesian modeling. The book also examines a few selected works aimed at presenting alternatives to Lucasian macroeconomics. 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: Tony Crescenzi
Publisher: FT Press
ISBN: 0132596598
Category : Business & Economics
Languages : en
Pages : 305
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Book Description
During the Great Depression, legendary British economist Keynes advocated using government money to fill the economic void until consumer spending and business investment recovered. But what happens when governments can't do that anymore? You've arrived at "The Keynesian Endpoint": when the money has run out before the economy has been rescued. That's where we are. Exhausted balance sheets leave policy makers with few viable options to bolster economic growth; increasingly, they point leaders and citizens towards brutal choices that were previously unimaginable. Meanwhile, investors struggle to navigate volatile markets overwhelmed by sovereign debt—and, as they do, they lose tolerance for fiscal recklessness. In the U.S. and around the world, debt-fueled spending programs devised to cure the global financial crisis are now morphing into poison. In Beyond The Keynesian Endpoint, PIMCO Executive Vice President and market strategist Tony Crescenzi illuminates the mounting sovereign debt crisis, dissects each of the many scenarios now swirling around it, and reveals the profound implications for governments, investors, and the world economy.
Author: Sheila C. Dow
Publisher: Edward Elgar Publishing
ISBN: 9781781950067
Category : Business & Economics
Languages : en
Pages : 344
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Book Description
This book should be welcomed by post Keynesian economists, microeconomists and those interested in international economics.
Author: Sheila C. Dow
Publisher: Edward Elgar Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 296
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Book Description
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
