Reconstructing Keynesian Macroeconomics Volume 1
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Reconstructing Keynesian Macroeconomics Volume 1
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Author : Carl Chiarella
language : en
Publisher: Routledge
Release Date : 2012-03-29
Reconstructing Keynesian Macroeconomics Volume 1 written by Carl Chiarella and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-03-29 with Business & Economics categories.
This book represents the first of three volumes offering a complete reinterpretation and restructuring of Keynesian macroeconomics and a detailed investigation of the disequilibrium adjustment processes characterizing the financial, the goods and the labour markets and their interaction. It questions in a radical way the evolution of Keynesian macroeconomics after World War II and focuses on the limitations of the traditional Keynesian approach until it fell apart in the early 1970s, as well as the inadequacy of the new consensus in macroeconomics that emerged from the Monetarist critique of Keynesianism. Professors Chiarella, Flaschel and Semmler investigate basic methodological issues, the pitfalls of the Rational Expectations School, important feedback channels in the tradition of Tobin’s work, and theories of the wage-price spiral and the evidences for them. The book uses primarily partial approaches, the integration of which will be the subject of subsequent volumes. With its focus on Keynesian propagation mechanisms, the research in this book provides a unique alternative to the black-box shock-absorber approaches that dominate modern macroeconomics. Reconstructing Keynesian Macroeconomics should be of interest to students and researchers who want to look at alternatives to the mainstream macrodynamics that emerged from the Monetarist critique of Keynesianism.
Reconstructing Keynesian Macroeconomics Volume 1
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Author : Carl Chiarella
language : en
Publisher: Routledge
Release Date : 2012-03-29
Reconstructing Keynesian Macroeconomics Volume 1 written by Carl Chiarella and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-03-29 with Business & Economics categories.
This book represents the first of three volumes offering a complete reinterpretation and restructuring of Keynesian macroeconomics and a detailed investigation of the disequilibrium adjustment processes characterizing the financial, the goods and the labour markets and their interaction. It questions in a radical way the evolution of Keynesian macroeconomics after World War II and focuses on the limitations of the traditional Keynesian approach until it fell apart in the early 1970s, as well as the inadequacy of the new consensus in macroeconomics that emerged from the Monetarist critique of Keynesianism. Professors Chiarella, Flaschel and Semmler investigate basic methodological issues, the pitfalls of the Rational Expectations School, important feedback channels in the tradition of Tobin’s work, and theories of the wage-price spiral and the evidences for them. The book uses primarily partial approaches, the integration of which will be the subject of subsequent volumes. With its focus on Keynesian propagation mechanisms, the research in this book provides a unique alternative to the black-box shock-absorber approaches that dominate modern macroeconomics. Reconstructing Keynesian Macroeconomics should be of interest to students and researchers who want to look at alternatives to the mainstream macrodynamics that emerged from the Monetarist critique of Keynesianism.
Reconstructing Keynesian Macroeconomics
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Author : Carl Chiarella
language : en
Publisher:
Release Date : 2011
Reconstructing Keynesian Macroeconomics written by Carl Chiarella and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with categories.
This book represents the first of three volumes offering a complete reinterpretation and restructuring of Keynesian macroeconomics and a detailed investigation of the disequilibrium adjustment processes characterizing the financial, the goods and the labour markets and their interaction. It questions in a radical way the evolution of Keynesian macroeconomics after World War II and focuses on the limitations of the traditional Keynesian approach until it fell apart in the early 1970s, as well as the inadequacy of the new consensus in macroeconomics that emerged from the Monetarist critique of K
Reconstructing Keynesian Macroeconomics Volume 2
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Author : Carl Chiarella
language : en
Publisher: Routledge
Release Date : 2013-01-17
Reconstructing Keynesian Macroeconomics Volume 2 written by Carl Chiarella and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-01-17 with Business & Economics categories.
This book represents the second of three volumes offering a complete reinterpretation and restructuring of Keynesian macroeconomics and a detailed investigation of the disequilibrium adjustment processes characterizing the financial, the goods and the labour markets and their interaction. In this second volume the authors present a detailed analysis and comparison of two competing types of approaches to Keynesian macroeconomics, one that integrates goods, labour and financial markets, and another from the perspective of a conventional type of LM-analysis or interest-rate policy of the central bank. The authors employ rigorous dynamic macro-models of a descriptive and applicable nature, which will be of interest to all macroeconomists who use formal model-building in their investigations. The research in this book with its focus on Keynesian propagation mechanisms provides a unique alternative to the black-box shock-absorber approaches that dominate modern macroeconomics. The main conclusion of the work is that policy makers need to reconsider Keynesian ideas, but in the modern form in which they are expressed in this volume. Reconstructing Keynesian Macroeconomics will be of interest to students and researchers who want to look at alternatives to the mainstream macrodynamics that emerged from the Monetarist critique of Keynesianism. This book will also engage central bankers and macroeconomic policy makers.
Reconstructing Keynesian Macroeconomics Volume 3
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Author : Carl Chiarella
language : en
Publisher: Routledge
Release Date : 2014-12-17
Reconstructing Keynesian Macroeconomics Volume 3 written by Carl Chiarella and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-12-17 with Business & Economics categories.
This book represents the third of three volumes offering a complete reinterpretation and restructuring of Keynesian macroeconomics and a detailed investigation of the disequilibrium adjustment processes characterizing the financial, the goods and the labour markets and their interaction. This book offers a full treatment of the interlinkages between the real and the financial markets, including an analysis of banking, credit, and endogenous money and asset markets. It remains critical of quite frequently used conventional macro models that have dropped the tradition of studying the macroeconomic feedback channels, well-known in the history of macroeconomics. Those feedback mechanisms are known to have the potential for instabilities with respect to real markets, price dynamics and financial markets. In this volume a particular emphasis is given to the financial-real interaction. The research in this book with its focus on Keynesian propagation mechanisms provides a unique alternative to the black-box shock-absorber approaches that dominate modern macroeconomics. The main conclusion of the work is that policy makers need to reconsider Keynesian ideas, but in the modern form in which they are expressed in this volume. Reconstructing Keynesian Macroeconomics will be of interest to students and researchers who want to look at alternatives to the mainstream macrodynamics that emerged from the Monetarist critique of Keynesianism. This book will also engage central bankers and macroeconomic policy makers.
Reconstructing Macroeconomics
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Author : Masanao Aoki
language : en
Publisher: Cambridge University Press
Release Date : 2006-11-06
Reconstructing Macroeconomics written by Masanao Aoki and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-11-06 with Business & Economics categories.
In this book, the authors treat macroeconomic models as composed of large numbers of micro-units or agents of several types and explicitly discuss stochastic dynamic and combinatorial aspects of interactions among them. In mainstream macroeconomics sound microfoundations for macroeconomics have meant incorporating sophisticated intertemporal optimization by representative agents into models. Optimal growth theory, once meant to be normative, is now taught as a descriptive theory in mainstream macroeconomic courses. In neoclassical equilibria flexible prices led the economy to the state of full employment and marginal productivities are all equated. Professors Aoki and Yoshikawa contrariwise show that such equilibria are not possible in economies with a large number of agents of heterogeneous types. They employ a set of statistical dynamical tools via continuous-time Markov chains and statistical distributions of fractions of agents by types available in the new literature of combinatorial stochastic processes, to reconstruct macroeconomic models.
Reconstructing Keynesian Macroeconomics
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Author : Carl Chiarella
language : en
Publisher:
Release Date : 2012
Reconstructing Keynesian Macroeconomics written by Carl Chiarella and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with Keynesian economics categories.
James Tobin
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Author : R. Dimand
language : en
Publisher: Springer
Release Date : 2014-10-30
James Tobin written by R. Dimand and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-10-30 with Political Science categories.
James Tobin, 1981 Nobel laureate in economics, was the outstanding monetary economist among American Keynesian economists. This book, the first written about James Tobin, examines his leading role as a Keynesian macroeconomist and monetary economist, and considers the continuing relevance of his ideas.
Keynes And The Economic Policies Of The 1980 S
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Author : Mario Baldassarri
language : en
Publisher: Springer
Release Date : 1992-06-18
Keynes And The Economic Policies Of The 1980 S written by Mario Baldassarri and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992-06-18 with Business & Economics categories.
Contributes to the debate between monetarist, Keynesian and supply-side views of economic theory, and analyzes and compares the empirical experiences of the economic policies of the six major industrialized countries of the 1980s.
The Political Economy Of Gunnar Myrdal
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Author : Örjan Appelqvist
language : en
Publisher: Routledge
Release Date : 2013-11-26
The Political Economy Of Gunnar Myrdal written by Örjan Appelqvist and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-11-26 with Business & Economics categories.
The intellectual trajectory of Gunnar Myrdal, Swedish Nobel Laureate economist, sociologist, and politician, brings us through many of the major issues in the world economy and politics of the 20th century. This new volume explores Myrdal's work on three major themes: breaking away from conventional assumptions in Political Economy (and highlighting flaws that can still be found in today’s teachings on Political Economy); finding ways of re-creating Europe after WW II, including the discussions between liberal Americans and European social democrats on how to create a more cooperative and socially just international order; and understanding the impact or environmental concerns on growth and development, starting with Myrdal’s participation in the first UN Conference on Environment in Stockholm 1960 and continuing with his later writings. What is then the relevance of these themes today? In times when financial crisis threatens to block international and domestic economies, when the European Union’s promises of prosperity and cooperation seems to be severely threatened and when there is a large consensus that current modes of economic development are ecologically unsustainable: can we find ways of transcending seemingly intractable dilemmas? These questions will be discussed in the final part of the book.