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Author: Victor V. Claar
Publisher: Springer
ISBN: 303015808X
Category : Business & Economics
Languages : en
Pages : 348
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Book Description
This book considers the cultural legacy of the Keynesian Revolution in economics. It assesses the impact of Keynes and Keynesian thinking upon economics and policy, as well as the response of the Chicago and Austrian schools, and the legacy of all three in shaping economic life. The book is a call to restore economics to its roots in moral and cultural knowledge, reminding us that human beings are more than consumers. The Keynesian Revolution taught us that we should be happy if we are prosperous, but instead we feel hollow and morally anxious – our economy feels empty. Drawing on paradigms from earlier historical periods while affirming modern market systems, this book encourages a return to a view of human beings as persons with the right and responsibility to discover, and do, the things in life that are intrinsically good and enduring. Because in the long run, the legacy of our choices will continue long after “we’re all dead.”
Author: Victor V. Claar
Publisher: Springer
ISBN: 303015808X
Category : Business & Economics
Languages : en
Pages : 348
Get Book Here
Book Description
This book considers the cultural legacy of the Keynesian Revolution in economics. It assesses the impact of Keynes and Keynesian thinking upon economics and policy, as well as the response of the Chicago and Austrian schools, and the legacy of all three in shaping economic life. The book is a call to restore economics to its roots in moral and cultural knowledge, reminding us that human beings are more than consumers. The Keynesian Revolution taught us that we should be happy if we are prosperous, but instead we feel hollow and morally anxious – our economy feels empty. Drawing on paradigms from earlier historical periods while affirming modern market systems, this book encourages a return to a view of human beings as persons with the right and responsibility to discover, and do, the things in life that are intrinsically good and enduring. Because in the long run, the legacy of our choices will continue long after “we’re all dead.”
Author: VICTOR V. CLAAR
Publisher:
ISBN: 9783030158101
Category :
Languages : en
Pages :
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Book Description
Author: Roger E. Backhouse
Publisher: Harvard University Press
ISBN: 0674062841
Category : Biography & Autobiography
Languages : en
Pages : 208
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Book Description
The Great Recession of 2008 restored John Maynard Keynes to prominence. After decades when the Keynesian revolution seemed to have been forgotten, the great British theorist was suddenly everywhere. The New York Times asked, “What would Keynes have done?” The Financial Times wrote of “the undeniable shift to Keynes.” Le Monde pronounced the economic collapse Keynes’s “revenge.” Two years later, following bank bailouts and Tea Party fundamentalism, Keynesian principles once again seemed misguided or irrelevant to a public focused on ballooning budget deficits. In this readable account, Backhouse and Bateman elaborate the misinformation and caricature that have led to Keynes’s repeated resurrection and interment since his death in 1946. Keynes’s engagement with social and moral philosophy and his membership in the Bloomsbury Group of artists and writers helped to shape his manner of theorizing. Though trained as a mathematician, he designed models based on how specific kinds of people (such as investors and consumers) actually behave—an approach that runs counter to the idealized agents favored by economists at the end of the century. Keynes wanted to create a revolution in the way the world thought about economic problems, but he was more open-minded about capitalism than is commonly believed. He saw capitalism as essential to a society’s well-being but also morally flawed, and he sought a corrective for its main defect: the failure to stabilize investment. Keynes’s nuanced views, the authors suggest, offer an alternative to the polarized rhetoric often evoked by the word “capitalism” in today’s political debates.
Author: Geoff Mann
Publisher: Verso Books
ISBN: 1784786020
Category : Political Science
Languages : en
Pages : 521
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Book Description
A groundbreaking debunking of moderate attempts to resolve financial crises In the ruins of the 2007–2008 financial crisis, self-proclaimed progressives the world over clamored to resurrect the economic theory of John Maynard Keynes. The crisis seemed to expose the disaster of small-state, free-market liberalization and deregulation. Keynesian political economy, in contrast, could put the state back at the heart of the economy and arm it with the knowledge needed to rescue us. But what it was supposed to rescue us from was not so clear. Was it the end of capitalism or the end of the world? For Keynesianism, the answer is both. Keynesians are not and never have been out to save capitalism, but rather to save civilization from itself. It is political economy, they promise, for the world in which we actually live: a world in which prices are “sticky,” information is “asymmetrical,” and uncertainty inescapable. In this world, things will definitely not take care of themselves in the long run. Poverty is ineradicable, markets fail, and revolutions lead to tyranny. Keynesianism is thus modern liberalism’s most persuasive internal critique, meeting two centuries of crisis with a proposal for capital without capitalism and revolution without revolutionaries. If our current crises have renewed Keynesianism for so many, it is less because the present is worth saving, than because the future seems out of control. In that situation, Keynesianism is a perfect fit: a faith for the faithless.
Author: Enrico Bellino
Publisher: Cambridge University Press
ISBN: 1108918387
Category : Business & Economics
Languages : en
Pages : 345
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Book Description
Recent economic and financial crises have exposed mainstream economics to severe criticism, bringing present research and teaching styles into question. Building on a solid and vivid tradition of economic thought, this book challenges conventional thinking in the field of economics. The authors turn to the work of Luigi Pasinetti, who proposed a list of nine methodological and theoretical ideas that characterize the Classical Keynesian School. Drawing inspiration from both Keynes and Sraffa, this school has forged a long-standing and ambitious research programme often advocated as a competing paradigm to mainstream economics. Overall, the Classical Keynesian School provides a comprehensive analytical framework into which most non-mainstream schools of thought can be integrated. In this collection, a group of leading scholars critically assess the nine main ideas that, in Pasinetti's view, characterize the Classical-Keynesian approach, evaluating their relevance for both the history of economics and for present economic research.
Author: Abraham Kuyper
Publisher: Lexham Press
ISBN: 1683594509
Category : Business & Economics
Languages : en
Pages : 306
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Book Description
Kuyper on the Positive Potential of Business In his vast treasury of writings, Abraham Kuyper addressed nearly every sphere of society, including politics, science, and the arts. But his views on business and economics are often overlooked because he rarely engaged with that sphere directly. Still, his doctrine of common grace has great significance for showing how Christ is at work in the workplace. In this anthology of essays, speeches, and reflections, we see Kuyper's attempts to think positively and creatively about the calling and potential of business. Included are his ideas about economic freedom, the eternal value of earthly work, stewardship and philanthropy, economic globalization, the workings of God's grace in business, and the social function of money.
Author: Piet Naude
Publisher: Wipf and Stock Publishers
ISBN: 1666780618
Category : Religion
Languages : en
Pages : 233
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Book Description
In our late modern pluralistic societies, there are tensions and complementarities between a plurality of individual and social claims and activities to shape societal life and a constructive pluralism of what is known as social systems. The latter provide normative codes and powers emanating from the areas of law, religion, the family, the market, the media, education, academic research, health care, defense and politics. A better understanding and steering of this complex division of powers is crucial for the common good and for freedom and peace. In this volume, a multi-disciplinary team of experts from Germany, Italy, Australia, the UK, the USA and South Africa, bring their conceptual, empirical and historical insights to bear in three broad sections: The moral dimension of social systems; The interaction of religion, law and education with political systems; and The moral (mal)-formation evident in case studies on the global financial crisis and social media.
Author: Greg Forster
Publisher: Crossway
ISBN: 1433539268
Category : Business & Economics
Languages : en
Pages : 122
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Book Description
We live in a world full of economic troubles. Families struggle to make ends meet, organizations struggle to make payroll, and societies struggle to deal with generational poverty and rampant debt. Only by recovering a theological view of economics can we hope to think faithfully about our economic challenges. Exploring principles outlined in Scripture and economic thought throughout church history, this book lifts our eyes to a higher reality that lies behind economic systems, theory, and policy so we can wisely steward the world that God has given us.
Author: Hyman P. Minsky
Publisher: McGraw Hill Professional
ISBN: 0071593004
Category : Business & Economics
Languages : en
Pages : 433
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Book Description
“Mr. Minsky long argued markets were crisis prone. His 'moment' has arrived.” -The Wall Street Journal In his seminal work, Minsky presents his groundbreaking financial theory of investment, one that is startlingly relevant today. He explains why the American economy has experienced periods of debilitating inflation, rising unemployment, and marked slowdowns-and why the economy is now undergoing a credit crisis that he foresaw. Stabilizing an Unstable Economy covers: The natural inclination of complex, capitalist economies toward instability Booms and busts as unavoidable results of high-risk lending practices “Speculative finance” and its effect on investment and asset prices Government's role in bolstering consumption during times of high unemployment The need to increase Federal Reserve oversight of banks Henry Kaufman, president, Henry Kaufman & Company, Inc., places Minsky's prescient ideas in the context of today's financial markets and institutions in a fascinating new preface. Two of Minsky's colleagues, Dimitri B. Papadimitriou, Ph.D. and president, The Levy Economics Institute of Bard College, and L. Randall Wray, Ph.D. and a senior scholar at the Institute, also weigh in on Minsky's present relevance in today's economic scene in a new introduction. A surge of interest in and respect for Hyman Minsky's ideas pervades Wall Street, as top economic thinkers and financial writers have started using the phrase “Minsky moment” to describe America's turbulent economy. There has never been a more appropriate time to read this classic of economic theory.
Author: Boleslaw Z. Kabala
Publisher: Springer Nature
ISBN: 3030614859
Category : Social Science
Languages : en
Pages : 457
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Book Description
This volume addresses our global crisis by turning to Augustine, a master at integrating disciplines, philosophies, and human experiences in times of upheaval. It covers themes of selfhood, church and state, education, liberalism, realism, and 20th-century thinkers. The contributors enhance our understanding of Augustine’s thought by heightening awareness of his relevance to diverse political, ethical, and sociological questions. Bringing together Augustine and Gallicanism, civil religion, and Martin Luther King, Jr., this volume expands the boundaries of Augustine scholarship through a consideration of subjects at the heart of contemporary political theory.
