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 Bhm-Bawerk, have made it difficult for modern economists to |
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Página i
... economic growth promotion or rather be limited to the minimal role of national defence, the administration of justice, including the protection of private property and enforcement of contracts, and the enactment of laws to facilitate ...
... economic growth promotion or rather be limited to the minimal role of national defence, the administration of justice, including the protection of private property and enforcement of contracts, and the enactment of laws to facilitate ...
Página iii
... Growth Selected papers of Allyn Abbott Young Edited by Perry G. Mehrling and Roger J. Sandilands 30 The Social Economics of Jean-Baptiste Say Markets & virtue Evelyn L ... Economics Economic development and institutional change Richard Arena.
... Growth Selected papers of Allyn Abbott Young Edited by Perry G. Mehrling and Roger J. Sandilands 30 The Social Economics of Jean-Baptiste Say Markets & virtue Evelyn L ... Economics Economic development and institutional change Richard Arena.
Página xii
... economic growth, quite contrary to what the classical economists, especially Adam Smith and David Ricardo, had ... growth (Todaro 1982, 1985; Streeten 1983). I wanted to explain that the failure of monetary expansion policy to lower ...
... economic growth, quite contrary to what the classical economists, especially Adam Smith and David Ricardo, had ... growth (Todaro 1982, 1985; Streeten 1983). I wanted to explain that the failure of monetary expansion policy to lower ...
Página xv
... economic growth. However, as Keynes would perhaps be the first to point out, Keynes is dead, and from a research standpoint the Keynesian multiplier is dead too. While it clearly does still appear in elementary textbooks, the formalized ...
... economic growth. However, as Keynes would perhaps be the first to point out, Keynes is dead, and from a research standpoint the Keynesian multiplier is dead too. While it clearly does still appear in elementary textbooks, the formalized ...
Página xviii
... Growth?" (62(1) July 1995: 16-33) and "Full Employment: A Classical Assumption or Keynes's Rhetorical Device?" (64(1) July 1997: 56-74), both of which originally appeared in The Southern Economic Journal. I also thank Palgrave Macmillan ...
... Growth?" (62(1) July 1995: 16-33) and "Full Employment: A Classical Assumption or Keynes's Rhetorical Device?" (64(1) July 1997: 56-74), both of which originally appeared in The Southern Economic Journal. I also thank Palgrave Macmillan ...
Contenido
1 | |
7 | |
On the definition of money Classical vs modern | 29 |
The classical theories of interest the price level and inflation | 57 |
Keyness misinterpretation of the classical theory of interest | 79 |
The Austrians capital and the classical theory of interest | 96 |
Wicksell on the classical theories of money credit interest and the price level | 114 |
Fisher the classics and modern macroeconomics | 133 |
Full employment Keyness mistaken attribution to the classics | 158 |
Hicks the ISLM model and the success of Keyness distortions of classical macroeconomics | 177 |
The mythology of the Keynesian multiplier | 192 |
Conclusion | 211 |
Notes | 220 |
Bibliography | 234 |
Index | 245 |
The classical theory of growth and Keyness paradox of thrift | 144 |
Otras ediciones - Ver todas
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 Vista previa limitada - 2003 |
Classical Macroeconomics: Some Modern Variations and Distortions James C. W. Ahiakpor Sin vista previa disponible - 2006 |
Términos y frases comunes
A.C. Pigou Adam Smith Ahiakpor Alfred Marshall argues Austrian bank deposits Bohm-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 determination economic growth emphasis added employed equilibrium exchange value explains financial assets Fisher full employment Hawtrey Hayek Hicks hoarding of cash ibid income inflation IS-LM model italics in original J.S. Mill Keynes Keynesian multiplier labor lend loanable funds loans long run Malthus Marshall's measure of value modern macroeconomics money cash money currency paper money paradox of thrift Pigou price level profits purchase 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 tion value of money wages Wicksell Wicksell's