Beyond Keynesianism
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Author | : Egon Matzner |
Publisher | : Edward Elgar Publishing |
Total Pages | : 294 |
Release | : 1991 |
Genre | : Business & Economics |
ISBN | : |
This work aims to go beyond generalizations to take a hard-hitting look at the real strenths and weaknesses of Keynesian demand management and supply side economics. In particular, it looks at the way in which Keynesianism fails to reconcile high levels of competitiveness with full employment.
Author | : Stephen A. Marglin |
Publisher | : Harvard University Press |
Total Pages | : 921 |
Release | : 2020-07-14 |
Genre | : Business & Economics |
ISBN | : 0674971027 |
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 | : Gernot Kohler |
Publisher | : Nova Publishers |
Total Pages | : 490 |
Release | : 2002 |
Genre | : Business & Economics |
ISBN | : 9781590330029 |
Global Keynesianism - Unequal Exchange & Global Exploration
Author | : Anthony Crescenzi |
Publisher | : FT Press |
Total Pages | : 305 |
Release | : 2012 |
Genre | : Business & Economics |
ISBN | : 0132595214 |
Since the 1930s, governments have overcome recessions by borrowing and spending to temporarily replace lost consumer and business spending. What happens when they can't do it anymore? In Beyond the Keynesian Endpoint , PIMCO Executive VP Tony Crescenzi offers a sobering tour of today's unprecedented global sovereign debt crisis.
Author | : Sheila C. Dow |
Publisher | : Edward Elgar Publishing |
Total Pages | : 344 |
Release | : 2002-01-01 |
Genre | : Business & Economics |
ISBN | : 9781781950067 |
This book should be welcomed by post Keynesian economists, microeconomists and those interested in international economics.
Author | : Ruben Alvarado |
Publisher | : WordBridge Publishing |
Total Pages | : 132 |
Release | : 2010-09 |
Genre | : Business & Economics |
ISBN | : 9076660131 |
Building upon foundational and groundbreaking economic theory, Alvarado offers a view of the world based on hard facts and reality, rather than the simplified versions proffered by ideological agendas. The real-world functioning of assets, credit, money, and banking are brought to bear, rather than scare stories intended to frighten one into various forms of political action.
Author | : Sidney Weintraub |
Publisher | : Addison Wesley Publishing Company |
Total Pages | : 260 |
Release | : 1978 |
Genre | : Business & Economics |
ISBN | : |
Author | : Tony Crescenzi |
Publisher | : FT Press |
Total Pages | : 55 |
Release | : 2010-10-15 |
Genre | : Business & Economics |
ISBN | : 0132597276 |
What happens now? Economics in an age when fiscal stimulus can’t be funded and no longer works. After Lehman fell, the scope of the financial crisis became so great that only the fiscal and monetary authorities possessed balance sheets large enough to resolve it. But if the U.S. is backing its financial system, who’s backing the U.S.? Practically, nations have reached “the Keynesian Endpoint”: No more balance sheets are left to support either economic activity or the financial system.
Author | : Michel De Vroey |
Publisher | : Cambridge University Press |
Total Pages | : 451 |
Release | : 2016-01-08 |
Genre | : Business & Economics |
ISBN | : 0521898439 |
This book retraces the history of macroeconomics from Keynes's General Theory to the present. Central to it is the contrast between a Keynesian era and a Lucasian - or dynamic stochastic general equilibrium (DSGE) - era, each ruled by distinct methodological standards. In the Keynesian era, the book studies the following theories: Keynesian macroeconomics, monetarism, disequilibrium macro (Patinkin, Leijongufvud, and Clower) non-Walrasian equilibrium models, and first-generation new Keynesian models. Three stages are identified in the DSGE era: new classical macro (Lucas), RBC modelling, and second-generation new Keynesian modeling. The book also examines a few selected works aimed at presenting alternatives to Lucasian macro. While not eschewing analytical content, Michel De Vroey focuses on substantive assessments, and the models studied are presented in a pedagogical and vivid yet critical way.
Author | : Sheila C. Dow |
Publisher | : |
Total Pages | : 342 |
Release | : 2002 |
Genre | : Competition |
ISBN | : |
This book should be welcomed by post Keynesian economists, microeconomists and those interested in international economics.