The Keynesian revolution and its critics : issues of theory and policy for the monetary production economy

書誌事項

The Keynesian revolution and its critics : issues of theory and policy for the monetary production economy

Gordon A. Fletcher

Macmillan, 1989

2nd ed

  • : pbk

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注記

Previous ed.: 1987

Includes index

内容説明・目次

巻冊次

: pbk ISBN 9780333492222

内容説明

This study examines the pioneering economic work by John Maynard Keynes, "The General Theory of Employment, Interest and Money", and attempts to explain, with constant reference to the original sources, the complexity of Keynes' theories and the critical response they evoked.

目次

  • Part 1 Money in the economy: the institution of money - an introduction
  • the monetary economy
  • money, investment and saving - Keynes' crucial distinction, Say's Law in a monetary economy. Part 2 The Keynesian revolution and its critics - Robertsonian economics: Keynes' revolution
  • the Robertsonian critique
  • the principle of effective demand
  • Keynes' theory of investment and saving
  • Robertson and Keynes or investment and saving
  • the finance of investment
  • the rate of interest
  • a monetary theory of the rate of interest
  • the conditions for money as the standard
  • the market rate of interest and its economic significance
  • the Keynesian economic problem and its solution. Part 3 The Keynesian revolution and its critics - monetarists and Austrians: the consequences of Mr Keynes?
  • monetarism - the counter-revolution
  • - Keynes and the "Keynesians"
  • - rational expectations
  • the Austrians - tenets of the faith
  • - Hayek and the trade cycle
  • - two routes to serfdom
  • employment policy
  • the Keynesian revolution in context.
巻冊次

ISBN 9780333499641

内容説明

Arguably the single most influential work of economics of the 20th century was John Maynard Keynes' "The General Theory of Employment, Interest and Money". In this text Keynes set out his revolutionary new theory of the macroeconomy, in which the equilibrium level of output and employment was made a function of the level of effective demand. The practical effect of this theory was to provide a rationale for the policy measures to relieve unemployment which were then being advocated among economists. This study examines in detail the pioneering economic work and attempts to explain, with constant reference to the original sources, the complexity of Keynes' theories and the critical response they evoked.

目次

  • Part 1 Money in the economy: the institution of money - an introduction
  • the monetary economy
  • money, investment and saving - Keynes' crucial distinction, Say's Law in a monetary economy. Part 2 The Keynesian revolution and its critics - Robertsonian economics: Keynes' revolution
  • the Robertsonian critique
  • the principle of effective demand
  • Keynes' theory of investment and saving
  • Robertson and Keynes or investment and saving
  • the finance of investment
  • the rate of interest
  • a monetary theory of the rate of interest
  • the conditions for money as the standard
  • the market rate of interest and its economic significance
  • the Keynesian economic problem and its solution. Part 3 The Keynesian revolution and its critics - monetarists and Austrians: the consequences of Mr Keynes?
  • monetarism - the counter-revolution
  • - Keynes and the "Keynesians"
  • - rational expectations
  • the Austrians - tenets of the faith
  • - Hayek and the trade cycle
  • - two routes to serfdom
  • employment policy
  • the Keynesian revolution in context.

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