Reconstructing Keynesian Economics with Imperfect Competition

Reconstructing Keynesian Economics with Imperfect Competition PDF Author: Robin Lapthorn Marris
Publisher: Edward Elgar Publishing
ISBN: 9781782541233
Category : Business & Economics
Languages : en
Pages : 356

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Book Description
'Professor Robin Marris, who almost thirty years ago made pioneering contributions on the theory of managerial capitalism, has now written a fascinating and highly unusual book on Keynesian macroeconomics.' - Amitava Krishna Dutt, Review of Social Economy '. . . the book provides many valuable insights for macroeconomists on both sides of the Atlantic.' - Stephen McCafferty, Journal of Economic Literature This path-breaking book - written by a leading economist - is certain to create controversy and will lead to a fundamental reassessment of Keynesian economics. Building on his previous work on modern capitalism, Robin Marris has made an important theoretical advance which will have a major impact on the economics profession.

Reconstructing Keynesian Economics with Imperfect Competition

Reconstructing Keynesian Economics with Imperfect Competition PDF Author: Robin Lapthorn Marris
Publisher: Edward Elgar Publishing
ISBN: 9781782541233
Category : Business & Economics
Languages : en
Pages : 356

Get Book Here

Book Description
'Professor Robin Marris, who almost thirty years ago made pioneering contributions on the theory of managerial capitalism, has now written a fascinating and highly unusual book on Keynesian macroeconomics.' - Amitava Krishna Dutt, Review of Social Economy '. . . the book provides many valuable insights for macroeconomists on both sides of the Atlantic.' - Stephen McCafferty, Journal of Economic Literature This path-breaking book - written by a leading economist - is certain to create controversy and will lead to a fundamental reassessment of Keynesian economics. Building on his previous work on modern capitalism, Robin Marris has made an important theoretical advance which will have a major impact on the economics profession.

Imperfect Competition and Sticky Prices

Imperfect Competition and Sticky Prices PDF Author: N. Gregory Mankiw
Publisher: MIT Press
ISBN: 9780262631334
Category : Business & Economics
Languages : en
Pages : 448

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Book Description
These two volumes bring together a set of important essays that represent a "new Keynesian" perspective in economics today. This recent work shows how the Keynesian approach to economic fluctuations can be supported by rigorous microeconomic models of economic behavior. The essays are grouped in seven parts that cover costly price adjustment, staggering of wages and prices, imperfect competition, coordination failures, and the markets for labor, credit, and goods. An overall introduction, brief introductions to each of the parts, and a bibliography of additional papers in the field round out this valuable collection.Volume 1 focuses on how friction in price setting at the microeconomic level leads to nominal rigidity at the macroeconomic level, and on the macroeconomic consequences of imperfect competition, including aggregate demand externalities and multipliers. Volume 2 addresses recent research on non-Walrasian features of the labor, credit, and goods markets. Contributors George A Akerlof, Costas Azariadis, Laurence Ball, Ben S. Bernanke, Mark Bits, Olivier J. Blanchard, Alan S. Blinder, John Bryant, Andrew S. Caplin, Dennis W. Carlton, Stephen G. Cecchetti, Russell Cooper, Peter A. Diamond, Gary Fethke, Stanley Fischer, Robert E. Hall, Oliver Hart, Andrew John, Nobuhiro Kiyotaki, Alan B. Krueger, David M. Lilien, Ian M. McDonald, N. David Mankiw, Arthur M. Okun, Andres Policano, David Romer, Julio J. Rotemberg, Garth Saloner, Carl Shapiro, Andrei Shleifer, Robert M. Solow, Daniel F. Spulber, Joseph E. Stiglitz, Lawrence H. Summers, John Taylor, Andrew Weiss, Michael Woodford, Janet L. Yellen

Reconstruction of Political Economy

Reconstruction of Political Economy PDF Author: J.A. Kregel
Publisher: Springer
ISBN: 1349019445
Category : Political Science
Languages : en
Pages : 229

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Book Description


New Keynesian Economics / Post Keynesian Alternatives

New Keynesian Economics / Post Keynesian Alternatives PDF Author: Roy Rotheim
Publisher: Taylor & Francis
ISBN: 1134804768
Category : Business & Economics
Languages : en
Pages : 409

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Book Description
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.

The Reconstruction of Political Economy

The Reconstruction of Political Economy PDF Author: J. A. Kregel
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 252

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Book Description


Reinterpreting The Keynesian Revolution

Reinterpreting The Keynesian Revolution PDF Author: Robert Cord
Publisher: Routledge
ISBN: 1135132178
Category : Business & Economics
Languages : en
Pages : 166

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Book Description
Various explanations have been put forward as to why the Keynesian Revolution in economics in the 1930s and 1940s took place. Some of these point to the temporal relevance of John Maynard Keynes's The General Theory of Employment, Interest, and Money (1936), appearing, as it did, just a handful of years after the onset of the Great Depression, whilst others highlight the importance of more anecdotal evidence, such as Keynes’s close relations with the Cambridge ‘Circus’, a group of able, young Cambridge economists who dissected and assisted Keynes in developing crucial ideas in the years leading up to the General Theory. However, no systematic effort has been made to bring together these and other factors to examine them from a sociology of science perspective. This book fills this gap by taking its cue from a well-established tradition of work from history of science studies devoted to identifying the intellectual, technical, institutional, psychological and financial factors which help to explain why certain research schools are successful and why others fail. This approach, it turns out, provides a coherent account of why the revolution in macroeconomics was ‘Keynesian’ and why, on a related note, Keynes was able to see off contemporary competitor theorists, notably Friedrich von Hayek and Michal Kalecki.

The Reconstruction of Political Economy

The Reconstruction of Political Economy PDF Author: NA NA
Publisher: Springer
ISBN: 1349815233
Category : Political Science
Languages : en
Pages : 241

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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.

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

The Keynesian Tradition

The Keynesian Tradition PDF Author: R. Leeson
Publisher: Springer
ISBN: 0230582028
Category : Business & Economics
Languages : en
Pages : 234

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Book Description
This volume examines the process by which Keynes' message got interpreted and re-interpreted and thus separated into a Left and a Right political-economic stream. Archival evidence is used to shed a fresh light on many of the controversies (and colourful characters) of the Keynesian tradition.