Keynes s Economics and the Theory of Value and Distribution

Keynes s Economics and the Theory of Value and Distribution

The Crisis in Keynesian Economics , Oxford , Blackwell Hildenbrand , K . and
Hildenbrand , W . 1978 . On Keynesian equilibria with unemployment and
quantity rationing , Journal of Economic Theory Jevons , W . $ . 1970 . Theory of
Political ...

Author: John Eatwell

Publisher: Bloomsbury Academic

ISBN: 0715617494

Category: Distribution (Economic theory).

Page: 294

View: 153

Categories: Distribution (Economic theory).

The Economics of Keynes

The Economics of Keynes

The downfall of Old Keynesian economics in the 1970s was associated with the
resurgence of inflation in the real world and of the quantity theory of money and
the price-level in economic theory. It is true that neither in The General Theory
nor ...

Author: Mark Hayes

Publisher: Edward Elgar Publishing

ISBN: 178100868X

Category: Business & Economics

Page: 257

View: 979

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.
Categories: Business & Economics

A History of Post Keynesian Economics Since 1936

A History of Post Keynesian Economics Since 1936

As we shall see in Chapter 7, some modern Post Keynesians regard the 1930
Treatise on Money as in many ways a more advanced and more radical text than
the General Theory. In any case, Keynes was notorious both for changing his
mind ...

Author: J. E. King

Publisher: Edward Elgar Publishing

ISBN: 1781008019

Category: Business & Economics

Page: 316

View: 659

This text provides a history of the post Keynesian approach to economics since 1936. The author locates the origins of these economics in the conflicting interpretations of Keynes' General Theory and in the complementary work of Michael Kalecki.
Categories: Business & Economics

Agricultural Economics Literature

Agricultural Economics Literature

Keynes ! Theory of Employment , Interest and Money Lerner , A.P. Keynes ' "
General theory " : a rejoinder to Professor Cassel . Internati . Labour Rev. 36 ( 5 )
: 585-590 . November 1937 . ( Published by the International Labour Office ,
Geneva ...

Author: United States. Bureau of Agricultural Economics. Library

Publisher:

ISBN: OSU:32435029631488

Category: Agriculture

Page:

View: 454

Categories: Agriculture

Econometrics and the Philosophy of Economics

Econometrics and the Philosophy of Economics

However, his letter to Harrod and the way he argued in his General Theory
suggest that Keynes's prescription for theorizing in economics was semantic:
Formulate, explicitly or implicitly, a few assertions about the pertinent subject
matter and ...

Author: Bernt P. Stigum

Publisher: Princeton University Press

ISBN: 9780691168241

Category: Business & Economics

Page: 792

View: 402

As most econometricians will readily agree, the data used in applied econometrics seldom provide accurate measurements for the pertinent theory's variables. Here, Bernt Stigum offers the first systematic and theoretically sound way of accounting for such inaccuracies. He and a distinguished group of contributors bridge econometrics and the philosophy of economics--two topics that seem worlds apart. They ask: How is a science of economics possible? The answer is elusive. Economic theory seems to be about abstract ideas or, it might be said, about toys in a toy community. How can a researcher with such tools learn anything about the social reality in which he or she lives? This book shows that an econometrician with the proper understanding of economic theory and the right kind of questions can gain knowledge about characteristic features of the social world. It addresses varied topics in both classical and Bayesian econometrics, offering ample evidence that its answer to the fundamental question is sound. The first book to comprehensively explore economic theory and econometrics simultaneously, Econometrics and the Philosophy of Economics represents an authoritative account of contemporary economic methodology. About a third of the chapters are authored or coauthored by Heather Anderson, Erik Biørn, Christophe Bontemps, Jeffrey A. Dubin, Harald E. Goldstein, Clive W.J. Granger, David F. Hendry, Herman Ruge-Jervell, Dale W. Jorgenson, Hans-Martin Krolzig, Nils Lid Hjort, Daniel L. McFadden, Grayham E. Mizon, Tore Schweder, Geir Storvik, and Herman K. van Dijk.
Categories: Business & Economics

General Theory Of Employment Interest And Money

General Theory Of Employment   Interest And Money

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.

Author: John Maynard Keynes

Publisher: Atlantic Publishers & Dist

ISBN: 8126905913

Category: Economics

Page: 400

View: 300

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.
Categories: Economics

The Philosophy and Economics of J M Keynes

The Philosophy and Economics of J M  Keynes

Davidson , P . ( 1983b ) , “ The Marginal Product Curve is Not the Demand for
Labor Curve and Lucas ' s Labor Supply Function is Not the Supply Curve for
Labor in the Real World ' , Journal of Post Keynesian Economics , 6 , 105 – 17 .

Author: Bill Gerrard

Publisher: Edward Elgar Pub

ISBN: UOM:39015025168074

Category: Business & Economics

Page: 253

View: 182

This important book explores the significance of Keynes beyond the confines of the orthodox debate. The neo classical counter-revolution has persuaded many professional economists to continue to view Keynes as interpretable within the market-theoretic framework. The contributors to this volume seek to journey beyond the bounded vision of orthodoxy and assess the implications of Keynes as being something more than an economist. The Philosophy and Economics of J.M. Keynes ranges across the entire Post Keynesian spectrum as well as spanning the different generations of the Keynesian era and its aftermath. The book will appeal to all levels of the economics profession with an interest in the practical implications of theoretical discourse as well as the history of economic analysis.
Categories: Business & Economics

Keynes s Impact on Monetary Economics

Keynes s Impact on Monetary Economics

Chapter 12 Some reinterpretations of Keynes ' s theory Professor Robert Clower '
s 1965 paper , The Keynesian CounterRevolution : a theoretical appraisal ,
initiated a very important development in post - Keynesian economics . The
counter ...

Author: J. C. Gilbert

Publisher: London ; Boston : Butterworth Scientific

ISBN: STANFORD:36105037385270

Category: Business & Economics

Page: 280

View: 519

Categories: Business & Economics

John Maynard Keynes Father of Modern Economics

John Maynard Keynes  Father of Modern Economics

BIBLIOGRAPHY Books by John Maynard Keynes The Collected Writings .
Macmillan , London . A complete new edition planned in 25 volumes . The
Economic Consequenses of the Peace . Harper Torchbook , Harper & Row New
York , 1971 ...

Author: R. F. Victor

Publisher:

ISBN: UCLA:L0050567494

Category:

Page: 31

View: 342

Categories:

Special Study on Economic Change

Special Study on Economic Change

time and again , these establishment - advising economists become ever more
affluential . It is a wry ... The essential aspect of Keynes's theory is a deep
analysis of how financial forces — which we can characterize as Wall Street -
interact ...

Author: United States. Congress. Joint Economic Committee

Publisher:

ISBN: UCR:31210002094660

Category: United States

Page:

View: 486

Categories: United States

An Introduction to Keynesian Economics

An Introduction to Keynesian Economics

to be termed as the ' Bible ' of the professional economists . In view of its original
and path - breaking character , Keynes ' theory of employment is often referred to
as the New Economics . Some economists are so deeply impressed with the ...

Author: Manohar Lal Seth

Publisher:

ISBN: PSU:000007465710

Category: Keynesian economics

Page: 308

View: 945

Categories: Keynesian economics

Hearings Reports and Prints of the Joint Economic Committee

Hearings  Reports and Prints of the Joint Economic Committee

21 In part , Keynes ' three - way classification of unemployment reflected his
desire to persuade economists " to reexamine critically certain * * * basic
assumptions " underlying what he called the prevailing " classical ” theory of
unemployment .

Author: United States. Congress. Joint Economic Committee

Publisher:

ISBN: UCAL:B3555677

Category: Legislative hearings

Page:

View: 174

Categories: Legislative hearings

New Directions in Post Keynesian Economics

New Directions in Post Keynesian Economics

Keynes: An. Evolutionary. Perspective. John. Foster. INTRODUCTION The
argument presented in this paper is, perhaps, surprising. It is that the
macroeconomics of Keynes, as set out in the General Theory of Employment,
Interest and Money ...

Author: John Pheby

Publisher: Edward Elgar Publishing

ISBN: 1782543554

Category: Business & Economics

Page: 276

View: 686

"In all, New Directions in Post-Keynesian Economics proves that the intellectual vision for the realization of the Keynesian revolution is abundant. John Hillard, European Association for Evolutionary Political Economy Newsletter "The Pheby-edited essays should prove useful to anyone interested in post-Keynesian economics. The level of exposition makes them accessible to advanced undergraduates without being too pedestrian for scholars in the field. Dudley Dillard, The Eastern Economics Journal
Categories: Business & Economics

Recent Developments in Post Keynesian Economics

Recent Developments in Post Keynesian Economics

From Keynes ' s Vision to Keynesian Economics Athol Fitzgibbons I
INTRODUCTION Anyone who studies Keynes ' s General Theory in the original
soon finds that his followers improved ' his theory with what they thought was
greater rigour .

Author: Philip Arestis

Publisher: Edward Elgar Pub

ISBN: UCAL:B4373186

Category: Business & Economics

Page: 193

View: 867

This book presents new work by leading post-Keynesian economists in the areas of methodology, pricing, distribution and policy. Philip Arestis and Victoria Chick have selected innovative new papers which illustrate the vitality of the post-Keynesian tradition. Written by leading specialists in their respective fields of research, it will be required reading for all economists with an interest in non-neoclassical economics.
Categories: Business & Economics

Journal of Post Keynesian Economics

Journal of Post Keynesian Economics

REFERENCES Camerer , C . “ Bubbles and Fads in Asset Prices . " Journal of
Economic Surveys , 1989 , 3 ( 1 ) , 34 - 41 . Davidson , P . “ Reality and Economic
Theory . " Journal of Post Keynesian Economics , Summer 1996 , 18 ( 4 ) , 477 ...

Author:

Publisher:

ISBN: UCSC:32106018506086

Category: Economics

Page:

View: 485

Categories: Economics

On the Generality of Keynesian Economics

On the Generality of Keynesian Economics

( Keynes , “ The General Theory of Employment " , The Quarterly Journal of
Economics , February 1937 ; republished in JMK XIV , p . 111. ) Little more than a
month after these lines were published , the seminal work crystallizing the ideas
was ...

Author: Jukka Pekkarinen

Publisher: Helsinki : Societas Scientiarum Fennica

ISBN: UIUC:30112053047459

Category: Economics

Page: 169

View: 638

Categories: Economics

Controversies in Post Keynesian Economics

Controversies in Post Keynesian Economics

In the United States the younger economists of that day , some who have since
become Nobel Prize winners – such as ... Thus , for over a decade following the
publication of Keynes ' s General Theory , a controversy raged in the economics ...

Author: Paul Davidson

Publisher: Edward Elgar Pub

ISBN: UOM:39015019653354

Category: Business & Economics

Page: 130

View: 194

A review of the debates between neo-classical Keynesians, monetarists and post-Keynesians, developing the history of the struggle for the minds of economists, and explaining in intelligible language the different roles assigned to money, contracts and the uncertainty of the inflationary process.
Categories: Business & Economics

The Economics of John Maynard Keynes

The Economics of John Maynard Keynes

The Theory of a Monetary Economy Dudley D. Dillard. equivalent volume of
investment . ... autonomous , it will not increase 1 . Diagrams similar to Figure 4
have appeared frequently in the economics literature to explain Keynes ' theory ...

Author: Dudley D. Dillard

Publisher:

ISBN: UOM:39015008372230

Category: Economics

Page: 364

View: 276

Categories: Economics

The Philosophy of Keynes s Economics

The Philosophy of Keynes s Economics

Bradley W . Bateman Introduction Writing the history of the ideas of John
Maynard Keynes is a complex and difficult business . Keynes led a complex and
busy life , and this fact alone would make the scholar ' s work complicated - all the
more ...

Author: Jochen Runde

Publisher: Psychology Press

ISBN: 0415312442

Category: Business & Economics

Page: 274

View: 188

John Maynard Keynes is undoubtedly the most influential Western economist of the twentieth century. His emphasis on the nature and role of uncertainty in economic thought is a dominant theme in his writings. This book brings together a wide array of experts on Keynes' thought such as Gay Tulip Meeks, Sheila Dow and John Davis who discuss, analyse and criticise such themes as Keynesian probability and uncertainty, the foundations of Keynes' economics and the relationship between Keynes' earlier and later thought. The Philosophy of Keynes' Economics is a readable and comprehensive book that will interest students and academics interested in the man and his thought.
Categories: Business & Economics

The Crisis in Keynesian Economics by Sir John Hicks

The Crisis in Keynesian Economics  by  Sir John Hicks

It was only one part of the Keynesian system on which I had got my hand ; but it
was enough to make a great deal of difference to one ' s attitude towards
economic problems . So it was no doubt because of the attitude which I was
known to be ...

Author: John Hicks

Publisher:

ISBN: UVA:X000164796

Category: Keynesian economics

Page: 85

View: 571

Categories: Keynesian economics