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Author: Jerome L. Stein
Publisher: Wiley-Blackwell
ISBN: 9780631135753
Category : Classical school of economics
Languages : en
Pages : 228
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Book Description
The unsettled state of macroeconomics; The structural equations of a general macrodynamic model; The three gospels; Empirical analysis; Monetary and fiscal policy in a growing economy.
Author: Jerome L. Stein
Publisher: Wiley-Blackwell
ISBN: 9780631135753
Category : Classical school of economics
Languages : en
Pages : 228
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Book Description
The unsettled state of macroeconomics; The structural equations of a general macrodynamic model; The three gospels; Empirical analysis; Monetary and fiscal policy in a growing economy.
Author: Jerome L. Stein
Publisher: New York : New York University Press
ISBN: 9780814778241
Category : Classical school of economics
Languages : en
Pages : 228
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Book Description
Author: Milton Friedman
Publisher: Wiley-Blackwell
ISBN: 9780631171119
Category : Business & Economics
Languages : en
Pages : 188
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Book Description
Author: Jerome J. Stein
Publisher:
ISBN:
Category : Classical school of economics
Languages : en
Pages : 228
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Book Description
Examines the varying views in macroeconomic theory among the Monetarists, Keynesians and New Classical economists, focusing on disagreements concerning the controllability of the system and its responses to disturbances. Explores each group's views on the impact of anti-inflationary monetary policy on employment and GNP, as well as the New Classical economists' theory of rational expectations.
Author: Stephen A. Marglin
Publisher: Harvard University Press
ISBN: 0674971027
Category : Business & Economics
Languages : en
Pages : 921
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Book Description
Back to the future: a heterodox economist rewrites Keynes's General Theory of Employment, Interest, and Money to serve as the basis for a macroeconomics for the twenty-first century. John Maynard Keynes's General Theory of Employment, Interest, and Money was the most influential economic idea of the twentieth century. But, argues Stephen Marglin, its radical implications were obscured by Keynes's lack of the mathematical tools necessary to argue convincingly that the problem was the market itself, as distinct from myriad sources of friction around its margins. Marglin fills in the theoretical gaps, revealing the deeper meaning of the General Theory. Drawing on eight decades of discussion and debate since the General Theory was published, as well as on his own research, Marglin substantiates Keynes's intuition that there is no mechanism within a capitalist economy that ensures full employment. Even if deregulating the economy could make it more like the textbook ideal of perfect competition, this would not address the problem that Keynes identified: the potential inadequacy of aggregate demand. Ordinary citizens have paid a steep price for the distortion of Keynes's message. Fiscal policy has been relegated to emergencies like the Great Recession. Monetary policy has focused unduly on inflation. In both cases the underlying rationale is the false premise that in the long run at least the economy is self-regulating so that fiscal policy is unnecessary and inflation beyond a modest 2 percent serves no useful purpose. Fleshing out Keynes's intuition that the problem is not the warts on the body of capitalism but capitalism itself, Raising Keynes provides the foundation for a twenty-first-century macroeconomics that can both respond to crises and guide long-run policy.
Author: Arjo Klamer
Publisher: Brighton, Sussex : Wheatsheaf Books
ISBN:
Category : Business & Economics
Languages : en
Pages : 288
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Book Description
Author: International Monetary Fund. External Relations Dept.
Publisher: International Monetary Fund
ISBN: 1475566980
Category : Business & Economics
Languages : en
Pages : 60
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Book Description
This chapter discusses various past and future aspects of the global economy. There has been a huge transformation of the global economy in the last several years. Articles on the future of energy in the global economy by Jeffrey Ball and on measuring inequality by Jonathan Ostry and Andrew Berg are also illustrated. Since the 2008 global crisis, global economists must change the way they look at the world.
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.
Author: Simon Clarke
Publisher: Edward Elgar Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 394
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Book Description
'. . . makes a significant contribution.' - Tom Bottomore, University of Sussex, UK
Author: Philip Arestis
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 264
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Book Description
"This collection of major new essays offers a full range of alternative ways of looking at the economy. The alternatives adopted here focus on the post-Keynesian body of thought. The authors call into question the traditional ways of thinking on a number of economic issues... The essays offered here represent a serious challenge to the prevailing orthodoxies and demand new ways of thinking about economics."--p. [4] of cover.
