Keynesian Economics and General Equilibrium Theory: Reflections on Some of the Current Debates

Keynesian Economics and General Equilibrium Theory: Reflections on Some of the Current Debates PDF Author: Stanford University. Institute for Mathematical Studies in the Social Sciences
Publisher:
ISBN:
Category :
Languages : en
Pages : 30

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Keynesian Economics and General Equilibrium Theory: Reflections on Some of the Current Debates

Keynesian Economics and General Equilibrium Theory: Reflections on Some of the Current Debates PDF Author: Stanford University. Institute for Mathematical Studies in the Social Sciences
Publisher:
ISBN:
Category :
Languages : en
Pages : 30

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Book Description


The Notion of Equilibrium in the Keynesian Theory

The Notion of Equilibrium in the Keynesian Theory PDF Author: Mario Sebastiani
Publisher: Springer
ISBN: 1349220868
Category : Business & Economics
Languages : en
Pages : 264

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Book Description
One of the reasons which make the Keynesian controversy still so live, is the missing distinction between aspects concerning methodology and others pertaining to theory. Another cause of the ongoing debate is to be found in unsettled problems concerning methodology, in primis the concept the equilibrium. Nor could the situation have been different, given, on the one hand, Keynes's manifest disaffection with these matters (especially in The General Theory) and, on the other hand, their implications as regards Keynesian economic theory and policy. The aim of this volume ensues from this analysis; accordingly, a wide spectrum of questions of method are considered and different interpretations of Keynes's approach in this field are taken into consideration.

The General Theory of Employment, Interest, and Money

The General Theory of Employment, Interest, and Money PDF Author: John Maynard Keynes
Publisher: Springer
ISBN: 3319703447
Category : Business & Economics
Languages : en
Pages : 430

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Book Description
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.

John Maynard Keynes, Critical Assessment

John Maynard Keynes, Critical Assessment PDF Author: John Cunningham Wood
Publisher: Taylor & Francis
ISBN: 9780415114158
Category : Biography & Autobiography
Languages : en
Pages : 558

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Book Description


Macroeconomics and the Real World: Volume 2: Keynesian Economics, Unemployment, and Policy

Macroeconomics and the Real World: Volume 2: Keynesian Economics, Unemployment, and Policy PDF Author: Roger E. Backhouse
Publisher: OUP Oxford
ISBN: 0191584800
Category : Business & Economics
Languages : en
Pages : 317

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Book Description
Since the middle of twentieth century, economists have invested great resources into using statistical evidence to relate macroeconomic theories to the real world, and many new econometric techniques have been employed. In these two volumes, a distinguished group of economic theorists, econometricians, and economic methodologists examine how evidence has been used and how it should be used to understand the real world. Volume 1 focuses on the contribution of econometric techniques to understanding the macroeconomic world. It covers the use of evidence to understand the business cycle, the operation of monetary policy, and economic growth. A further section offers assessments of the overall impact of recent econometric techniques such as cointegration and unit roots. Volume 2 focuses on the labour market and economic policy, with sections covering the IS-LM model, the labour market, new Keynesian macroeconomics, and the use of macroeconomics in official documents (in both the USA and EU). These volumes will be valuable to advanced undergraduates, graduate students, and practitioners for their clear presentation of opposing perspectives on macroeconomics and how evidence should be used. The chapters are complemented by discussion sections revealing the perspectives of other contributors on the methodological issues raised.

On Interpreting Keynes

On Interpreting Keynes PDF Author: Bruce Littleboy
Publisher: Routledge
ISBN: 1134949529
Category : Business & Economics
Languages : en
Pages : 353

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Book Description
There is discontent with how the textbooks have come to reinterpret Keynes but there is little communication between the most prominent schools of criticism. This book argues that this lack of dialogue is mistaken and damaging. A synthesis is possible as many of the arguments between them can be traced to simple misunderstadings and differences of emphasis.

Keynes and the Neoclassical Synthesis

Keynes and the Neoclassical Synthesis PDF Author: Dario Togati
Publisher: Routledge
ISBN: 113467029X
Category : Business & Economics
Languages : en
Pages : 408

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Book Description
This book is a critical assessment of the Neoclassical Synthesis, long regarded as the standard interpretation of Keynes. It offers a fresh interpretation of Keynes and makes an important contribution to post-Keynesian economics

Money

Money PDF Author: Douglas Gale
Publisher: Cambridge University Press
ISBN: 9780521289009
Category : Business & Economics
Languages : en
Pages : 364

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Book Description
This book deals mainly with what can be described as the general-equilibrium approach to monetary theory. The author does not attempt an encyclopaedic treatment, rather Gale investigates the central problems and ideas in the development of topical monetary theory. The first part of the book - technically the easier - deals with questions which will be recognized as falling within the traditional field of (macroeconomic) monetary theory, although the treatment is unflaggingly microeconomic. The second part is less conventional, dealing with the general equilibrium theory of money in a fundamental way.

Physical Limits to Economic Growth

Physical Limits to Economic Growth PDF Author: Roberto Burlando
Publisher: Routledge
ISBN: 1315314959
Category : Business & Economics
Languages : en
Pages : 162

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Book Description
The debate on the physical limits and constraints to the economic growth of globalized society is now widespread. This book explores the physical and economic aspects of the conflict between humans, with their thoughtless focus on growth through material production, and environmental constraints. In the context of the looming shortage of material resources and the latest science on climate change, Physical Limits to Economic Growth offers new insights which provide a broad and comprehensive picture of the conflict between humans and environmental constraints. The authors’ approach goes beyond the boundaries of specialized disciplines to explore climate change, resource depletion, technical innovation and the interactions between these within the socio-economic-institutional systems we live in. This volume looks at opportunities for rethinking these systems if we moved away from fossil fuel dependence, while considering the status of current mainstream economic thinking around this subject. Physical Limits to Economic Growth provides a genuine interdisciplinary examination of the physical limits to economic growth. It will be of interest to both students and academics in various disciplines in the areas of natural sciences, climate change and economics.

Non-Renewable Resources and Disequilibrium Macrodynamics

Non-Renewable Resources and Disequilibrium Macrodynamics PDF Author: Robert Marks
Publisher: Routledge
ISBN: 135161052X
Category : Business & Economics
Languages : en
Pages : 358

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Book Description
This study, first published in 1979, continues by examining the question of whether a competitive economy can efficiently allocate a stock of non-renewable natural resources through time. Long-run analyses of competitive economies with such resources have concluded that, without perfect foresight or a complete set of future markets extending infinitely far into the future, there is no economic mechanism to guarantee that the initial price is set so that the economy converges to the socially desirable path of balanced growth. This title will be of interest to students of environmental and natural resource economics.