understanding keynes general theory

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Understanding Keynes General Theory

Author : B. Sheehan
ISBN : 9780230232853
Genre : Business & Economics
File Size : 40. 74 MB
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This book is a comprehensive guide for those seeking to fully understand Keynes' General Theory of Employment, Interest and Money , and especially those approaching the work for the first time. It also highlights Keynes' important policy insights. This book is an essential introduction to Keynes' most influential text.

General Theory Of Employment Interest And Money

Author : John Maynard Keynes
ISBN : 8126905913
Genre :
File Size : 55. 5 MB
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John Maynard Keynes Is The Great British Economist Of The Twentieth Century Whose Hugely Influential Work The General Theory Of Employment, Interest And Money 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 Money 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 Off The Funds From The Private Sector Which Caused The Over-Production Is In The First Place. Keynes S Theory Is Unquestionably Significant In Understanding Of Modern Economics. Far From Being Destructive, It Alone Has Been Responsible For Nearly 60 Years Of Growth Without A Major Depression As We Experienced Worldwide In The 1930S.While The Present Book Is Indispensable For The Students, Researchers And Teachers Of Economics, It Is Highly Useful For The General Readers Keenly Interested In Understanding Nation S Economy.

The Making Of Keynes General Theory

Author : Richard F. Kahn
ISBN : 9780521253734
Genre : Business & Economics
File Size : 89. 13 MB
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This 1984 book describes the development of thought, both of Keynes and others, culminating in the publication in 1936 of Keynes' General Theory of Employment, Interest and Money. As one of Keynes' close collaborators - from December 1929, when the writing of the Treatise was nearing its completion - Richard Khan provides a uniquely insightful analysis of these events. The author starts with a brief survey of the contributions influential in forming Keynes' early ideas, and moves on to explore the significance of the Quantity Theory of Money, and traces the development of Keynes' attitude towards the theory through his published books. Subsequent lectures are devoted to Keynes' Treatise on Money, and to his more popular writings as an economic adviser which marked the transition from the thinking in the Treatise to that in the General Theory which the author critically examines. The final lecture records the author's memory of his personal relationship with Keynes.

The General Theory And Keynes For The 21st Century

Author : Sheila Dow
ISBN : 9781786439888
Genre : Business & Economics
File Size : 74. 16 MB
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This book is devoted to the lasting impact of The General Theory (and Keynes’s thought) on macroeconomic theory, methodology and its relevance for understanding the post-crisis challenges of the 21st Century. A number of contributions take their departure from Keynes's presentation during the 1930's of his new macroeconomic understanding and its policy implications. Other chapters take a more pluralistic view of Keynes's ideas and their importance for contemporary debates. Further, it is demonstrated that many textbooks often misrepresent The General Theory and therefore cannot be a reliable guide to 21st Century economic policy.

Keynes General Theory

Author : Robert Lekachman
ISBN : UCSC:32106016852615
Genre : Keynesian economics
File Size : 49. 14 MB
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Keynes General Theory

Author : Thomas Cate
ISBN : 9781781001035
Genre : Business & Economics
File Size : 60. 49 MB
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This volume, a collection of essays by internationally known experts in the area of the history of economic thought and of the economics of Keynes and macroeconomics in particular, is designed to celebrate the 75th anniversary of the publication of The General Theory. The essays contained in this volume are divided into four sections. The first section contains three essays that explore the concept of fundamental uncertainty and its unique role in The General Theory. The second section contains five essays that examine the place of The General Theory in the history of macroeconomics since 1936. The third section contains three essays that explore the interrelationships among Keynes, Friedman, Kaldor, Marx and Sraffa and their approaches to macroeconomic theory and policy. The final section contains four essays that provide several new interpretations of The General Theory and its position within macroeconomics. Keynes's General Theory is intended for those students and scholars who are interested in the economics of Keynes and the rich variety of approaches to macroeconomic theory and policy.

Keynes S General Theory After Seventy Years

Author : R. Dimand
ISBN : 9780230276147
Genre : Business & Economics
File Size : 27. 33 MB
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This book provides a comprehensive overview of Keynes' contributions to macroeconomics and offers an in-depth 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 business cycle and analysis.

The Economics Of Keynes

Author : Mark Hayes
ISBN : 178100868X
Genre : Business & Economics
File Size : 78. 78 MB
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In this guide to general theory, Mark Hayes presents Keynes's illustrious work as a sophisticated Marshallian theory fo the competitive equillibrium of the economy as a whole.

Keynes And The General Theory Revisited

Author : Axel Kicillof
ISBN : 9781351601252
Genre : Business & Economics
File Size : 76. 41 MB
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Every time the economy goes through a period of crisis, Keynes’ name is called upon by economists and politicians from diverse backgrounds. However, 70 years after the publication of The General Theory of Employment, Interest and Money, specialists are still far—maybe everyday further—from reaching agreement about the genuine contents of Keynes’ most important work. This controversy has been marked by a paradoxical turn: it is above all the literature about Keynes which, in the last decades, has imposed the terms of the debate, while The General Theory lacks readers. Accused by both its detractors and admirers of being a confusing book that is inconsistent and even plagued with logical errors, the most important contribution of the most influential economist of the 20th century has been condemned to be forgotten or, at best, to live uncomfortably in the voices of those who have spoken on his behalf. This book is the result of rigorous critical research which reconstructs the spectrum of discussion surrounding Keynes’ main work. The book begins by describing the historical background and the state of the pre-Keynesian economic theory, subsequently immersing the reader in a concise but detailed—as well as innovative— interpretation of the original text. The revision of some of the main interpretative currents prepares the field for the book’s ultimate contribution: the identification of the fundamentals that sustain the analytical structure of The General Theory. At the same time, this exploration of the theoretical fundamentals of The General Theory makes this book an original intervention on the genesis and relevance of the divide between micro and macroeconomics—a division that has been fully accepted by contemporary macro theorists.

Keynes

Author : Roger Backhouse
ISBN : 1855066106
Genre : Biography & Autobiography
File Size : 83. 47 MB
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'Roger Backhouse is to be congratulated for bringing together this collection of reviews of Keynes's General Theory, the most influential book in economics published this century. This collection shows how individuals from a wide variety of backgrounds, not just economists, tried to make sense of the book and its policy implications. It is an important addition to any library collection.' - D. E. Moggridge, author of Maynard Keynes: An Economist's Biography Keynes's General Theory of Employment, Interest and Money (published February 1936) is probably the most influential and controversial economics book of the twentieth century. In it, Keynes claimed to have undermined the foundations of orthodox economics and to have developed a radically new way of thinking about unemployment. Some (often young) economists took up Keynesan ideas with missionary zeal, whilst others (often older) were very hostile. There was also intense controversy over what Keynes was actually saying. This volume brings together 40 of the reviews published before the end of 1936, showing how a wide range of economists and political and literary figures responded to the book. It shows the variety and intensity of the reactions evoked by Keynes. Because they are all very early reviews, they ante-date the articles (notably by J. R. Hicks) that appeared early in 1937 and which provided the framework (the so-called IS-LM model) through which economists have come to interpret Keynes's ideas. We have, therefore, perspectives on Keynesian economics that are untainted by the work of subsequent interpreters. --40 early reviews of Keynes's General Theory of Employment, Interest and Money, published in newspapers, professional and academic journals, during 1936 --includes materials from inaccessible newspapers and journals --features a readable, non-technical introduction

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