Mr Keynes And The Neoclassics
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Mr Keynes And The Neoclassics
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Author : Meyer Louis Burstein
language : en
Publisher:
Release Date : 1965
Mr Keynes And The Neoclassics written by Meyer Louis Burstein and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1965 with Neoclassical school of economics categories.
Essays On Political Economy Volume Iii
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Author : George H Blackford Ph D
language : en
Publisher:
Release Date : 2020-01-12
Essays On Political Economy Volume Iii written by George H Blackford Ph D and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-01-12 with categories.
This volume contains six essays on Keynes' general theory: Chapter 1, Keynes on Economic Stagnation and Debt, explains how the failure of neoclassical economics to embrace Keynes' arguments with regard to the long-run tendency of the system to trend toward stagnation and to ignore the problems endemic in the economics of debt facilitated the adoption of economic policies in the United States that contributed to the economic, political, and social problems we face today. Chapter 2, Causality in Keynes' General Theory, explains the way in which Keynes' adoption of Marshall's ceteris-paribus, partial-equilibrium methodology combined with his realization that a) the rate of interest is determined by the supply and demand for money and b) employment, output, and income are determined by saving and investment as expectations adjust to the realized results that are achieved within the system as the system evolves through time makes it possible to establish the temporal order in which events must occur and that this makes a logically consistent, causal analysis of dynamic behavior pos-sible within the analytical framework developed by Keynes' throughout The General Theory. Chapter 3, Robertson versus Keynes and the Short-Period Problem of Saving, demonstrates that the only way to make sense out of Robertson's dynamic explanation of an increase in saving within the context of Keynes' general theory is to assume unit-elastic expectations with an instantaneous adjustment in the value of output produced. It is argued that Robertson IGNORED the effects of an increase in saving on expectations, prospective yields, and the demand for investment goods in his 1957 Lectures just as they have been ignored by economic policy makers over the past seventy or eighty years. Chapter 4, A Note on Robertson and Tsiang versus Keynes, demonstrates that Tsiang does not reconcile the Robertson/Keynes controversy in Robertson's favor in that Tsiang misspecified Keynes' demand for money function. It also demonstrates that both the liquidity preference and loanable funds theories as embodied in Tsiang's model assume that the rate of interest is a purely monetary phenomenon, determined solely by the supply and demand for the stock of money, not the flow of loanable funds. Finally, the fundamental difference between Robertson and Keynes as exemplified by Tsiang's analysis is seen to be that Robertson's method of analysis was descriptive and static while Keynes' method of analysis was causal and dynamic.Chapter 5, A Stock-Flow Model of Keynes' Theory of Interest, provides a formal model of Keynes' Liquidity-Preference theory of interest that draws a clear distinction between stocks and flows. This model is used to clarify the confusion that exists within the discipline of economics with regard to the issues that separated Robertson and Keynes Loanable-funds/Liquidity-Preference controversy. Robertson's misconceptions with regard to the nature of Keynes' theory of interest, and by extension those of Harry Johnson, Axel Leijonhufvud, George Horwich, Meir Kohn, Sho-Chieh Tsiang and others who have defended Robertson's arguments, are explained within the context of this model.Chapter 6, Mr. Keynes and the NeoClassics: A Reinterpretation, provides a model of Keynes' integration of monetary and value theory that incorporates the price of non-debt assets as well as the prices of consumption and investment goods is specified below. It is demonstrated that the Keynesian IS/LM model is a special (static) case of this model, and that the Marshallian roots of Keynes' model makes a causal analysis of dynamic behavior possible while the Walrasian roots of the neoclassical Keynesian model only allow for a description of dynamic behavior without explanation other than through the invocation of a mythical auctioneer.
The Consequences Of Mr Keynes
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Author : James M. Buchanan
language : en
Publisher:
Release Date : 1978
The Consequences Of Mr Keynes written by James M. Buchanan and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1978 with Biography & Autobiography categories.
Neoclassical Synthesis
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Author : Fouad Sabry
language : en
Publisher: One Billion Knowledgeable
Release Date : 2024-02-13
Neoclassical Synthesis written by Fouad Sabry and has been published by One Billion Knowledgeable this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-02-13 with Business & Economics categories.
What is Neoclassical Synthesis The neoclassical synthesis (NCS), Neoclassical-Keynesian Synthesis, or just neo-Keynesianism was a neoclassical economics academic movement and paradigm in economics that worked towards reconciling the macroeconomic thought of John Maynard Keynes in his book The General Theory of Employment, Interest and Money (1936). It was formulated most notably by John Hicks (1937), Franco Modigliani (1944), and Paul Samuelson (1948), who dominated economics in the post-war period and formed the mainstream of macroeconomic thought in the 1950s, 60s, and 70s. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Neoclassical synthesis Chapter 2: Keynesian economics Chapter 3: Macroeconomics Chapter 4: Post-Keynesian economics Chapter 5: IS-LM model Chapter 6: Full employment Chapter 7: New Keynesian economics Chapter 8: Index of economics articles Chapter 9: John Hicks Chapter 10: Classical economics Chapter 11: The General Theory of Employment, Interest and Money Chapter 12: Edmund Phelps Chapter 13: Alvin Hansen Chapter 14: New classical macroeconomics Chapter 15: Paul Davidson (economist) Chapter 16: Paul Samuelson Chapter 17: Keynesian Revolution Chapter 18: History of macroeconomic thought Chapter 19: Disequilibrium macroeconomics Chapter 20: Mr. Keynes and the "Classics" Chapter 21: Marxism and Keynesian economics (II) Answering the public top questions about neoclassical synthesis. (III) Real world examples for the usage of neoclassical synthesis in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Neoclassical Synthesis.
Keynes And The Neoclassical Synthesis
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Author : Teodoro Dario Togati
language : en
Publisher: Psychology Press
Release Date : 1998
Keynes And The Neoclassical Synthesis written by Teodoro Dario Togati and has been published by Psychology Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Business & Economics categories.
This text is a critical assessment of the "Neoclassical Synthesis", long regarded as the standard interpretation of Keynes. It offers a fresh interpretation of Keynes and makes an important contribution to post-Keynesian economics.
Mr Keynes And The Post Keynesians
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Author : Fernando J. Cardim de Carvalho
language : en
Publisher: Edward Elgar Publishing
Release Date : 1992
Mr Keynes And The Post Keynesians written by Fernando J. Cardim de Carvalho and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with Keynesian economics categories.
In this important book, Professor Carvalho firmly establishes the methodological connections between Keynes's uncertainty concept and the evolving post Keynesian literature. At the same time, he demonstrates why the Hicksian ISLM 'Keynesian' approach went off the careful analytic tracks laid down by Keynes.
Biography Of An Idea
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Author : David Felix
language : en
Publisher: Routledge
Release Date : 2017-10-19
Biography Of An Idea written by David Felix and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-10-19 with Business & Economics categories.
The culmination of John Maynard Keynes's thought and lifework was The General Theory of Employment, Interest and Money. Here, placing it in the context of his era, David Felix examines the evolution of Keynes's theorizing. He boldly claims that The General Theory lacks logical and factual support as pure theory, but is an achievement of great statesmanship in political economy. Felix argues that Keynes's ideas have misled successive generations of students and practitioners. He suggests that a more discriminating view of his thought can reconcile Keynesian views with neoclassical theory and replace the false synthesis that dominates contemporary text-books with a truer one. Biography of an Idea devotes four chapters to an analysis of The General Theory and an examination of the economic logic of Keynes. The author disentangles the work's fundamentally simple theses from its difficult technical pre-sentation. He shows how Keynes shaped his economic model as he did as an effort to win public support for sensible policies that clashed with generally accepted beliefs of the time. Biography of an Idea is bound to be controversial due to the many cohorts of economists who have been trained in macroeconomics according to Keynes. It will be of interest and ac-cessible to intellectually curious laymen and students, and important to economists, historians, and political scientists.
Keynes And The Classics Reconsidered
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Author : James C.W. Ahiakpor
language : en
Publisher: Springer Science & Business Media
Release Date : 1998-03-31
Keynes And The Classics Reconsidered written by James C.W. Ahiakpor and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998-03-31 with Business & Economics categories.
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.
A Tract On Monetary Reform
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Author : John Maynard Keynes
language : en
Publisher: Pickle Partners Publishing
Release Date : 2018-03-12
A Tract On Monetary Reform written by John Maynard Keynes and has been published by Pickle Partners Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-03-12 with Business & Economics categories.
In A Tract on Monetary Reform, which was first published in 1923, British economist John Maynard Keynes argues that the objects of British government should be the stability of trade, price, and employment. The gold reserve should be demonetized. However, this does not mean that gold serves absolutely no purpose anymore. Rather, it is a store of value and a means of correcting the influence of a temporarily adverse balance of payment. “This is a very brilliant as well as a very important book. Like all that Mr. Keynes writers, it is full of matter, and also full of wit...If any argument were wanted to show that whether we like it or not, we must tackle the monetary problem, it is to be found in Mr. Keynes’s book. It is a bright light, and though it may, if misused, do harm to the eyesight of some people, it throws a light, and a true light, on the world’s dilemma.”—The Spectator
John Hicks
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Author : Fouad Sabry
language : en
Publisher: One Billion Knowledgeable
Release Date : 2024-02-01
John Hicks written by Fouad Sabry and has been published by One Billion Knowledgeable this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-02-01 with Business & Economics categories.
Who is John Hicks He was a British economist with the name of Sir John Richard Hicks. Over the course of the twentieth century, he is widely regarded as one of the most significant and influential economists alive. The two of his many contributions to the subject of economics that are most well-known are his formulation of consumer demand theory in microeconomics and the IS-LM model (1937), which summarized a Keynesian perspective on macroeconomics. Both of these contributions were made in 1937. Value and Capital, which he published in 1939, was a key contribution to the expansion of general-equilibrium and value theory. Hicksian demand function is the name given to the compensated demand function in honor of the individual who provided it. How you will benefit (I) Insights about the following: Chapter 1: John Hicks Chapter 2: Keynesian economics Chapter 3: Macroeconomics Chapter 4: Neoclassical economics Chapter 5: IS-LM model Chapter 6: Index of economics articles Chapter 7: Nicholas Kaldor Chapter 8: Stockholm School (economics) Chapter 9: Classical economics Chapter 10: The General Theory of Employment, Interest and Money Chapter 11: Michio Morishima Chapter 12: Alvin Hansen Chapter 13: History of economic thought Chapter 14: Value and Capital Chapter 15: Neoclassical synthesis Chapter 16: Keynesian cross Chapter 17: Keynesian Revolution Chapter 18: History of macroeconomic thought Chapter 19: Athanasios Asimakopulos Chapter 20: Wage unit Chapter 21: Mr. Keynes and the "Classics" Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information about John Hicks.