Keynes And The Classics

Author : John Maynard Keynes
Publisher : Springer
ISBN 13 : 3319703447
Total Pages : 404 pages
Book Rating : 4.42/5 ( download)

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Download or read book The General Theory of Employment, Interest, and Money written by John Maynard Keynes and published by Springer. This book was released on 2018-07-20 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 : James C.W. Ahiakpor
Publisher : Springer Science & Business Media
ISBN 13 : 9780792381495
Total Pages : 234 pages
Book Rating : 4.91/5 ( download)

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Download or read book Keynes and the Classics Reconsidered written by James C.W. Ahiakpor and published by Springer Science & Business Media. This book was released on 1998-03-31 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: Keynes and the Classics Reconsidered is a collection of scholarly work re-evaluating Keynes's revolution in economic thought, both in the method of macroeconomic reasoning and in policy-making. This book brings together mostly a younger generation of economists to revisit Keynes's interpretation of the classics and its impact on macroeconomic theory and policy. There has been a considerable advance in the literature re-interpreting the classics and the early neoclassical economists. Most of the contributing authors have themselves been active participants in this reinterpretation. The participation of Robert Clower, an active participant in the Keynes versus the classics debate since the 1960s, brings a particularly significant retrospective to this fresh look at the record. Keynes and the Classics Reconsidered will be of interest to policy-makers and economists, especially those working in the areas of macro and monetary economics.

Author : John Maynard Keynes
Publisher : Penguin
ISBN 13 : 0698408519
Total Pages : 656 pages
Book Rating : 4.17/5 ( download)

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Download or read book The Essential Keynes written by John Maynard Keynes and published by Penguin. This book was released on 2016-01-05 with total page 656 pages. Available in PDF, EPUB and Kindle. Book excerpt: The essential writings of the 20th century’s most influential economist, collected in one volume Today, John Maynard Keynes is best remembered for his pioneering development of macroeconomics, and for his advocacy of active fiscal and monetary government policy. This uniquely comprehensive selection of his work, edited by Keynes’s award-winning biographer Robert Skidelsky, aims to make his work more accessible to both students of economics and the general reader. All of Keynes’s major economic work is included, yet the selection goes beyond pure economics. Here too are Keynes’s essential writings on philosophy, social theory and policy, and his futurist vision of a world without work. As Robert Skidelsky writes in his introduction: “People talk of the need for a new Keynes. But the old Keynes still has superlative wisdom to offer for a new age.” For more than sixty-five years, Penguin has been the leading publisher of classic literature in the English-speaking world. With more than 1,500 titles, Penguin Classics represents a global bookshelf of the best works throughout history and across genres and disciplines. Readers trust the series to provide authoritative texts enhanced by introductions and notes by distinguished scholars and contemporary authors, as well as up-to-date translations by award-winning translators.

Author : P. Davidson
Publisher : Springer
ISBN 13 : 0230235476
Total Pages : 237 pages
Book Rating : 4.72/5 ( download)

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Download or read book John Maynard Keynes written by P. Davidson and published by Springer. This book was released on 2017-05-17 with total page 237 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book looks at the life of Keynes leading up to the writing of his seminal General Theory , examines the General Theory in detail, and explores how it differs from classical theory. The impact of Keynes's work on the economy postwar and up to the present day is also assessed.

Author : Axel Leijonhufvud
Publisher :
ISBN 13 :
Total Pages : 60 pages
Book Rating : 4.56/5 ( download)

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Download or read book Keynes and the Classics written by Axel Leijonhufvud and published by . This book was released on 1969 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication comprises a reappraisal of the work of John Maynard Keynes. It strengthens the view that the Keynesians went too far in supposing that the old economics had been overthrown by the new, and in a sense it rehabilitates both classical economics in a modern form and also Keynes as a theorist who added an important development to it, although the 'Keynesian Revolution' began and stayed on the wrong track partly because of Keynes's polemical presentation. Issues discussed include the multiplier; unemployment and effective demand; the saving-investment problem; and fiscal policy.

Author : John Maynard Keynes
Publisher : Atlantic Publishers & Dist
ISBN 13 : 9788126905911
Total Pages : 410 pages
Book Rating : 4.13/5 ( download)

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Download or read book General Theory Of Employment , Interest And Money written by John Maynard Keynes and published by Atlantic Publishers & Dist. This book was released on 2016-04 with total page 410 pages. Available in PDF, EPUB and Kindle. Book excerpt: John Maynard Keynes is the great British economist of the twentieth century whose hugely influential work The General Theory of Employment, Interest and * is undoubtedly the century's most important book on economics--strongly influencing economic theory and practice, particularly with regard to the role of government in stimulating and regulating a nation's economic life. Keynes's work has undergone significant revaluation in recent years, and "Keynesian" views which have been widely defended for so long are now perceived as at odds with Keynes's own thinking. Recent scholarship and research has demonstrated considerable rivalry and controversy concerning the proper interpretation of Keynes's works, such that recourse to the original text is all the more important. Although considered by a few critics that the sentence structures of the book are quite incomprehensible and almost unbearable to read, the book is an essential reading for all those who desire a basic education in economics. The key to understanding Keynes is the notion that at particular times in the business cycle, an economy can become over-productive (or under-consumptive) and thus, a vicious spiral is begun that results in massive layoffs and cuts in production as businesses attempt to equilibrate aggregate supply and demand. Thus, full employment is only one of many or multiple macro equilibria. If an economy reaches an underemployment equilibrium, something is necessary to boost or stimulate demand to produce full employment. This something could be business investment but because of the logic and individualist nature of investment decisions, it is unlikely to rapidly restore full employment. Keynes logically seizes upon the public budget and government expenditures as the quickest way to restore full employment. Borrowing the * to finance the deficit from private households and businesses is a quick, direct way to restore full employment while at the same time, redirecting or siphoning

Author : Steven Kates
Publisher : Edward Elgar Publishing
ISBN 13 : 1786433575
Total Pages : 264 pages
Book Rating : 4.72/5 ( download)

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Download or read book Classical Economic Theory and the Modern Economy written by Steven Kates and published by Edward Elgar Publishing. This book was released on 2020-06-26 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic theory reached its zenith of analytical power and depth of understanding in the middle of the nineteenth century among John Stuart Mill and his contemporaries. This book explains what took place in the ensuing Marginal Revolution and Keynesian Revolution that left economists less able to understand how economies operate. It explores the false mythology that has obscured the arguments of classical economists, providing a pathway into the theory they developed.

Author : Gerhard Michael Ambrosi
Publisher : Palgrave MacMillan
ISBN 13 : 9780333633908
Total Pages : 491 pages
Book Rating : 4.03/5 ( download)

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Download or read book Keynes, Pigou and Cambridge Keynesians written by Gerhard Michael Ambrosi and published by Palgrave MacMillan. This book was released on 2003 with total page 491 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fostering a dialogical conception of economics argument, this text reconstructs the Pigouvian analytical node and the debate unfolding between Keynes and Pigou.

Author : J. R. Hicks
Publisher :
ISBN 13 :
Total Pages : 13 pages
Book Rating : 4.57/5 ( download)

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Download or read book Mr. Keynes and the "classics" written by J. R. Hicks and published by . This book was released on 1937 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Gauti B. Eggertsson
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.21/5 ( download)

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Download or read book Mr. Keynes and the "Classics"; A Suggested Reinterpretation written by Gauti B. Eggertsson and published by . This book was released on 2021 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper revisits and proposes a resolution to an empirical and theoretical controversy between Keynes and the "classics" (or monetarists). The controversy dates to Keynes's General Theory (1936)--most famously formalized in Hicks's (1937) classic Econometrica article, in which the IS-LM model is first formally stated. We first replicate empirical tests formulated in the late 1960s and '70s and show that more recent data have more statistical power and resolve the empirical debate in favor of the Keynesians, at least according to the criteria of the literature at that time. We then show, using a simple dynamic stochastic general equilibrium (DSGE) model, that the empirical tests suffer from the Lucas (1976) critique, as the conclusion fundamentally depends upon the assumed policy regime. Nevertheless, we argue, this new empirical result is useful: it provides evidence for the existence of a "Keynesian policy regime" according to which traditional monetary expansion loses its impact in the absence of a policy regime change, in the sense of Sargent (1982).