Rethinking The Keynesian Revolution


Rethinking The Keynesian Revolution
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Rethinking The Keynesian Revolution


Rethinking The Keynesian Revolution
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Author : Tyler Beck Goodspeed
language : en
Publisher: Oxford University Press
Release Date : 2012-06-04

Rethinking The Keynesian Revolution written by Tyler Beck Goodspeed and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-06-04 with Business & Economics categories.


While standard accounts of the 1930s debates surrounding economic thought pit John Maynard Keynes against Friedrich von Hayek in a clash of ideology, this reflexive dichotomy is in many respects superficial. It is the argument of this book that both Keynes and Hayek developed their respective theories of the business cycle within the tradition of Swedish economist Knut Wicksell, and that this shared genealogy manifested itself in significant theoretical affinities between the two supposed antagonists. The salient features of Wicksell's work, namely the importance of money, the role of uncertainty, coordination failures, and the element of time in capital accumulation, all motivated the Keynesian and Hayekian theories of economic fluctuations. They also contributed to a fundamental convergence between the two economists during the 1930s. This shared, "Wicksellian" vision of economic problems points to a very different research agenda from that of the Walrasian-style, general equilibrium analysis that has dominated postwar macroeconomics. This book will appeal to economists interested in historical perspective of their discipline, as well as historians of economic thought. The author not only deconstructs some of the historical misconceptions of the Keynes versus Hayek debate, but also suggests how the insights uncovered can inform and instruct modern theory. While much of the analysis is technical, it does not assume previous knowledge of 1930s economic theory, and should be accessible to academics and graduate students with general economics training.



Evolution Or Revolution


Evolution Or Revolution
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Author : Olivier Blanchard
language : en
Publisher: MIT Press
Release Date : 2019-04-16

Evolution Or Revolution written by Olivier Blanchard and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-04-16 with Business & Economics categories.


Leading economists discuss post–financial crisis policy dilemmas, including the dangers of complacency in a period of relative stability. The Great Depression led to the Keynesian revolution and dramatic shifts in macroeconomic theory and macroeconomic policy. Similarly, the stagflation of the 1970s led to the adoption of the natural rate hypothesis and to a major reassessment of the role of macroeconomic policy. Should the financial crisis and the Great Recession lead to yet another major reassessment, to another intellectual revolution? Will it? If so, what form should it, or will it, take? These are the questions taken up in this book, in a series of contributions by policymakers and academics. The contributors discuss the complex role of the financial sector, the relative roles of monetary and fiscal policy, the limits of monetary policy to address financial stability, the need for fiscal policy to play a more active role in stabilization, and the relative roles of financial regulation and macroprudential tools. The general message is a warning against going back to precrisis ways—to narrow inflation targeting, little use of fiscal policy for stabilization, and insufficient financial regulation. Contributors David Aikman, Alan J. Auerbach, Ben S. Bernanke, Olivier Blanchard, Lael Brainard, Markus K. Brunnermeier, Marco Buti, Benoît Cœuré, Mario Draghi, Barry Eichengreen, Jason Furman, Gita Gopinath, Pierre-Olivier Gourinchas, Andrew G. Haldane, Philipp Hildebrand, Marc Hinterschweiger, Sujit Kapadia, Nellie Liang, Adam S. Posen, Raghuram Rajan, Valerie Ramey, Carmen Reinhart, Dani Rodrik, Robert E. Rubin, Jay C. Shambaugh, Tharman Shanmugaratnam, Jeremy C. Stein, Lawrence H. Summers



Keynesian Revolution And Its Critics


Keynesian Revolution And Its Critics
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Author : Gordon A. Fletcher
language : en
Publisher: Springer
Release Date : 1989-08-01

Keynesian Revolution And Its Critics written by Gordon A. Fletcher and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989-08-01 with Business & Economics categories.


This study examines the pioneering economic work by John Maynard Keynes, "The General Theory of Employment, Interest and Money", and attempts to explain, with constant reference to the original sources, the complexity of Keynes' theories and the critical response they evoked.



The Keynesian Revolution And Its Critics


The Keynesian Revolution And Its Critics
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Author : Gordon A. Fletcher
language : en
Publisher: Springer
Release Date : 1987-06-18

The Keynesian Revolution And Its Critics written by Gordon A. Fletcher and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 1987-06-18 with Business & Economics categories.




The Keynesian Revolution


The Keynesian Revolution
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Author : Lawrence R. Klein
language : en
Publisher: Springer
Release Date : 2016-01-03

The Keynesian Revolution written by Lawrence R. Klein and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-01-03 with Business & Economics categories.




Reinterpreting The Keynesian Revolution


Reinterpreting The Keynesian Revolution
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Author : Robert Cord
language : en
Publisher: Routledge
Release Date : 2013-05-02

Reinterpreting The Keynesian Revolution written by Robert Cord and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-05-02 with Business & Economics categories.


Various explanations have been put forward as to why the Keynesian Revolution in economics in the 1930s and 1940s took place. Some of these point to the temporal relevance of John Maynard Keynes's The General Theory of Employment, Interest, and Money (1936), appearing, as it did, just a handful of years after the onset of the Great Depression, whilst others highlight the importance of more anecdotal evidence, such as Keynes’s close relations with the Cambridge ‘Circus’, a group of able, young Cambridge economists who dissected and assisted Keynes in developing crucial ideas in the years leading up to the General Theory. However, no systematic effort has been made to bring together these and other factors to examine them from a sociology of science perspective. This book fills this gap by taking its cue from a well-established tradition of work from history of science studies devoted to identifying the intellectual, technical, institutional, psychological and financial factors which help to explain why certain research schools are successful and why others fail. This approach, it turns out, provides a coherent account of why the revolution in macroeconomics was ‘Keynesian’ and why, on a related note, Keynes was able to see off contemporary competitor theorists, notably Friedrich von Hayek and Michal Kalecki.



The Keynesian Revolution In The Making 1924 1936


The Keynesian Revolution In The Making 1924 1936
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Author : Peter Clarke
language : en
Publisher:
Release Date : 1990

The Keynesian Revolution In The Making 1924 1936 written by Peter Clarke and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990 with Biography & Autobiography categories.


The name of John Maynard Keynes is still the focus of political and economic controversy, and in the course of it, "what Keynes really meant" has suffered much distortion. This book represents a quest for the historical Keynes. It follows the story of an argument which arose out of the performance of the British economy in the period of depression between the wars and provides an account of Keynes's thinking in the years that led up to the General Theory, making it comprehensible to specialists and non-specialists alike.



Fabricating The Keynesian Revolution


Fabricating The Keynesian Revolution
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Author : David Laidler
language : en
Publisher: Cambridge University Press
Release Date : 1999-03-28

Fabricating The Keynesian Revolution written by David Laidler 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 1999-03-28 with Business & Economics categories.


Examining the emergence, in the inter-war years, of what came to be called 'Keynesian macroeconomics'.



Rethinking Economics


Rethinking Economics
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Author : Liliann Fischer
language : en
Publisher: Routledge
Release Date : 2017-09-22

Rethinking Economics written by Liliann Fischer and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-09-22 with Business & Economics categories.


Economics is a broad and diverse discipline, but most economics textbooks only cover one way of thinking about the economy. This book provides an accessible introduction to nine different approaches to economics: from feminist to ecological and Marxist to behavioural. Each chapter is written by a leading expert in the field described and is intended to stand on its own as well as providing an ambitious survey that seeks to highlight the true diversity of economic thought. Students of economics around the world have begun to demand a more open economics education. This book represents a first step in creating the materials needed to introduce new and diverse ideas into the static world of undergraduate economics. This book will provide context for undergraduate students by placing the mainstream of economic thought side by side with more heterodox schools. This is in keeping with the Rethinking Economics campaign which argues that students are better served when they are presented with a spectrum of economic ideas rather than just the dominant paradigm. Rethinking Economics: An Introduction to Pluralist Economics is a great entry-level economics textbook for lecturers looking to introduce students to the broader range of ideas explored within the economics profession. It is also appropriate and accessible for people outside of academia who are interested in economics and economic theory.



The Origins Of The Keynesian Revolution


The Origins Of The Keynesian Revolution
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Author : Robert William Dimand
language : en
Publisher: Hants, England : Elgar
Release Date : 1988

The Origins Of The Keynesian Revolution written by Robert William Dimand and has been published by Hants, England : Elgar this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988 with Biography & Autobiography categories.


The book is well researched and clearly written, and is a valuable account of the evolution of Keynes s ideas in the period under review. I recommend The Origins of the Keynesian Revolution as a scholarly study of the evolution of an important aspect of macroeconomics. Athol Fitzgibbons, Australian Economic History Review This is a very good treatment, adding to a growing literature on the development of John Maynard Keynes s monetary theory as it progressed from the Tract through the Treatise to the General Theory. Professor Dimand has given us a very good account of all this. His book should be used not only in history of thought courses but also in macro and money courses as an antidote, if nothing else, to the extremely limited view of Keynesian economics which most textbooks provide. Thomas K. Rymes, Journal of the History of Economic Thought Robert Dimand has written a superb book. . . . It is appropriate for use in classes on the history of economic thought and will serve as a nice supplement in a macroeconomics course. It would be perfect in a seminar on the development of Keynes s thought. Indeed, it would not be surprising if more of such courses were taught as a result of the publication of this excellent little book. Bruce J. Caldwell, Review of Political Economy This book traces an important and exciting chapter in the history of economic thought, with painstaking documentation from old sources and from previously unexploited, unpublished material. It does this with a sure and mature understanding of the intellectual and theoretical issues. Dimand is an excellent theorist himself. The book is beautifully and clearly written. James Tobin, Yale University, US Dimand s book will stimulate much discussion. I highly recommend it to anyone interested in the development of monetary and macroeconomic theory during the 1920s and 1960s. Robert Stanley Herren, Journal of Economic History Robert Dimand has written an excellent study of the evolution of J.M. Keynes s economic thought from its origins in orthodox Cambridge monetary theory through its early 1930s development leading to the General Theory. John B. Davis, Review of Social Economy