Classical Macroeconomics: Some Modern Variations and DistortionsPsychology Press, 2003 - 254 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. |
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Contenido
Introduction | 1 |
The classical theory of value A foundation of macroeconomic analysis | 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 |
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 - 2004 |
Classical Macroeconomics: Some Modern Variations and Distortions James C. W. Ahiakpor Sin vista previa disponible - 2006 |