This book investigates, from a Keynesian perspective, the interaction of effective demand with the wage-price spiral, the dependence of goods market outcomes on financial markets, and the impact of monetary policy on financial and real markets. These issues are discussed by way …
The ideas of John Maynard Keynes inspired the New Deal and helped rebuild world economies after World War II--and were later dismissed as "depression economics." Then came the great meltdown of 2008. Market forces that the world relied on suddenly failed to self-correct--and Key…
The ideas of John Maynard Keynes inspired the New Deal and helped rebuild world economies after World War II--and were later dismissed as "depression economics." Then came the great meltdown of 2008. Market forces that the world relied on suddenly failed to self-correct--and Key…
The authors have pursued an influential programme of macroeconomic theorising from a heterodox and mathematical perspective.
The current global financial and economic crisis has called for the revival of Keynesian theory. This sixth volume in the International Papers in Political Economy (IPPE) series focuses on twenty first century Keynesian economics in terms of both theory and application.
"The papers in this volume were initially presented at a one-day conference at the School of Oriental and African Studies (SOAS), University of London, London, UK, 8 May 2009; and subsequently at the 6th International Conference Developments in Economic Theory and Policy held at…
Keynes's general theory after seventy years
Keynes's general theory after seventy years
"This book provides a comprehensive overview of Keynes' contributions to macroeconomics and offers an indepth analysis of the contested legacy of The General Theory, a book that marked the emergence of modern macroeconomics from the earlier heritage of monetary theory and busine…
Dieses Lehrbuch zur makroökonomischen Theorie betrachtet die Einkommens- und Beschäftigungstheorie, die Analyse von Inflation und Unterbeschäftigung und die Wachstumstheorie durchgängig aus keynesianischer Sicht. Es konfrontiert die dabei erzielten Aussagen und Ergebnisse insbes…
The past twenty years have been an era of economic disappointment in the United States. They have also been a time of intense economic debate, as rival ideologies contend for policy influence. Above all, they have been the age of the policy entrepreneur - the economic snake-oil …