Classical Macroeconomics: Some Modern Variations and DistortionsRoutledge, 2003 M05 22 - 272 páginas John Maynard Keynes failed to correctly interpret classic economic concepts, and dismissed the classical explanations and conclusions as being irrelevant to the world in which we live. The trauma of the Great Depression and Keynes's changed definition of economic concepts, aided by Eugen Böhm-Bawerk, have made it difficult for modern economists to fully appreciate the classical insights. This outstanding book clarifies the classical explanations to resolve the continuing theoretical and policy disputes. Key chapters include:
This unique book demonstrates that it is Keynes's understanding of some fundamental classical economic concepts which is at fault, and extends its analysis to other modern contributions in macroeconomics. |
Otras ediciones - Ver todas
Classical Macroeconomics: Some Modern Variations and Distortions James C.W. Ahiakpor Vista previa limitada - 2004 |
Classical Macroeconomics: Some Modern Variations and Distortions James C. W. Ahiakpor Vista previa limitada - 2003 |
Classical Macroeconomics: Some Modern Variations and Distortions James C. W. Ahiakpor Sin vista previa disponible - 2006 |
Términos y frases comunes
Adam Smith Ahiakpor Alfred Marshall argues Austrian bank deposits Böhm-Bawerk borrowers central bank changes Chapter claim classical arguments classical economics classical economists classical macroeconomics classical theory commodities consumption spending criticism David Ricardo definition of money demand and supply demand for capital demand for money demand theory Dennis Robertson economic growth emphasis added employed equilibrium exchange value explains financial assets Fisher full employment Hayek Hicks hoarding of cash ibid inflation IS-LM model italics in original Keynes Keynes’s Keynesian multiplier labor lending loanable funds loans long run Malthus Marshall’s measure of value Mill modern macroeconomics money cash money currency multiplier argument output paper money paradox of thrift Pigou price level profits quantity of money quantity theory rate of interest recognize restatement rise Robertson Say’s Law short run Smith WN supply and demand supply of money theory of interest theory of value value of money wages Wicksell Wicksell’s