Download or read book Keynes s Principle of Effective Demand and Its Relationship to Alternative Theories of Distribution and Accumulation written by Edward Joaquim Amadeo Swaelen and published by . This book was released on 1985 with total page 654 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Keynes s General Theory and Accumulation written by Athanasios Asimakopulos and published by Cambridge University Press. This book was released on 1991-06-28 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book makes Keynes's writing on his General Theory accessible to students by presenting this theory in a careful, consistent manner that is faithful to the original. Keynes's theory continues to be important, because the issues it raised, such as the problems of involuntary unemployment, the volatility of investment, and the complexity of monetary arrangements in modern capitalist economies, are still with us. Keynes's method of analysis, which tries to allow for the complications of dealing with historical time, deserves the careful attention given in this book. Keynes's formal analysis dealt only with a short period of time during which changes in productive capacity as a result of net investment were small relative to initial productive capacity. Roy Harrod and Joan Robinson were the two most prominent followers of Keynes who attempted to extend his analysis to the long period by allowing for the effects of investment on productive capacity as well as on effective demand. The careful examination of their writings on this topic is a natural complement to the presentation of Keynes's General Theory and makes clear the severe limitations on any use of equilibrium concepts in dealing with accumulation in models that try to observe Keynes's warnings about an unknowable future in the type of world we inhabit.
Download or read book Effective Demand and Income Distribution written by Marc Jarsulic and published by Wiley-Blackwell. This book was released on 1988-01 with total page 187 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Keynes s Economics and the Theory of Value and Distribution written by John Eatwell and published by Bloomsbury Academic. This book was released on 1983 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Keynes s Principle of Effective Demand written by Edward J. Amadeo and published by . This book was released on 1989 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'Without doubt, Keynes was a complex, many-sided genius whose analyses were constantly playing catch-up with his intuition. Amadeo's book is indeed a very important contribution to an enhanced understanding of this process as it pertains to Keynes's two premier contributions to economic theory - the TM [Treatise on Money] and the GT [General Theory].' - Richard X. Chase, Journal of Economic Issues 'I think that this is an outstanding piece of work, doing an excellent job of tracing the evolution of Keynes's own thought and questioning the conventional interpretation of the transition from the Treatise on Money to the General Theory.' - Lance Taylor, Massachusetts Institute of Technology, US
Download or read book Growth Distribution and Effective Demand written by George Argyrous and published by Routledge. This book was released on 2019-06-21 with total page 414 pages. Available in PDF, EPUB and Kindle. Book excerpt: Growth, Distribution, and Effective Demand presents original essays on a variety of topics in theoretical and applied economics. The book honors the work of Edward J. Nell and develops interconnected themes that run through the modern Post-Keynesian tradition. The first part deals with the fundamental idea that economic growth is demand-driven, with special attention to policy ramifications. The second theme concerns the connection between economic growth and the structural characteristics of a market economy. These issues are closely linked to a critical tradition that calls into question key elements in orthodox economics. The final part of the book aims to buttress non-orthodox approaches to growth and distribution by critiquing particular aspects of the conventional theory, by elaborating neglected themes in non-orthodox theory, or by exploring some overlooked methodological ideas.
Download or read book Economic Growth and Distribution written by Neri Salvadori and published by Edward Elgar Publishing. This book was released on 2006-01-01 with total page 458 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic Growth and Distribution isolates and compares the logical structures and methodological underpinnings underlying the relationship between economic growth and distribution. It carries out an in-depth analysis of a wide range of issues connected with growth theory considered from different theoretical perspectives. Its uniqueness is derived from the original contributions by a number of scholars of different persuasions; some within the mainstream and others from Keynesian-Kaleckian-Sraffian positions. The book deals with a wide variety of research topics concerning economic growth and distribution, such as the transition from the epoch of Malthusian stagnation to the contemporary era of modern economic growth; comparisons among the classical tradition, modern theory, and heterodox models; problems of policy; dynamics and business cycles; the role on institutions.
Download or read book General Theory Of Employment Interest And Money written by John Maynard Keynes and published by Atlantic Publishers & Dist. This book was released on 2016-04 with total page 410 pages. Available in PDF, EPUB and Kindle. Book excerpt: John Maynard Keynes is the great British economist of the twentieth century whose hugely influential work The General Theory of Employment, Interest and * 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 * 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
Download or read book Effective Demand And Income Distribution written by Marc Jarsulic and published by Routledge. This book was released on 2019-03-06 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: Considering ideas from various economic paradigms, namely post-Keynesian, neo-Ricardian, and neo-Marxian, this book discusses the importance of money to Keynes's analysis of effective demand and income distribution. It also considers the connections between relative prices and income distribution.
Download or read book The General Theory of Employment Interest and Money written by John Maynard Keynes and published by . This book was released on 1989 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Capital Theory the Surplus Approach and Effective Demand written by Pierangelo Garegnani and published by Springer. This book was released on 2023-04-21 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a representative set of Pierangelo Garegnani’s (1930-2011) works on the theory of value and distribution. It features a selection of essays, chosen by Garegnani himself, concerning central aspects of his work: first and foremost, the continuation and development of Piero Sraffa's effort to elaborate an alternative to the dominance of marginalist thought on the theory of value and distribution. Garegnani articulates and extends Sraffa’s contribution in two directions: the critique of marginalist theory with respect to the treatment of capital, and the reappraisal of the surplus approach to distribution proper to classical political economy. In turn, these two strands of analysis are combined in Garegnani’s project to make the Keynesian principle of effective demand more robust and general by dropping the unnecessary elements of marginalism and linking it to the classical explanation of distribution. This book reveals how Garegnani’s contribution has advanced the degree of theoretical elaboration for several issues that fall within the developmental paths of economic analysis opened by Sraffa and Keynes. It begins with a comprehensive introduction in which Garegnani illustrates the conceptual path that links the contributions presented here. The starting point of this intellectual journey is Garegnani’s previously unpublished doctoral thesis ‘A Problem in the Theory of Distribution from Ricardo to Wicksell,’ prepared at the University of Cambridge under the supervision of Piero Sraffa and Maurice Dobb, which is followed by various essays selected by Garegnani on the critique of marginalist theories, the classical approach to value and distribution, and the role of aggregate demand for the long-run trends of output and capital accumulation. The book is a must-read for all scholars interested in the resumption and development of the classical approach, as well as economic theory in general, and the history of economic thought.
Download or read book Distribution and Growth after Keynes written by Eckhard Hein and published by Edward Elgar Publishing. This book was released on 2014-10-31 with total page 566 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the first part of the book, Eckhard Hein presents a comprehensive overview of the main approaches towards distribution and growth including the contributions of Harrod and Domar, old and new neoclassical theories including the fundamental capital co
Download or read book Marx and Keynes on Economic Recession written by Claudio Sardoni and published by . This book was released on 1987 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book What Keynes Means written by Anatol Murad and published by Rowman & Littlefield. This book was released on 1962 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: The principal ideas and theories of John Maynard Keynes are discusses as the significance of his contribution to economics and pointing out inconsistencies and contradictions in his theories.
Download or read book A Critical Study of Keynes s General Theory written by Colin Champion and published by Troubador Publishing Ltd. This book was released on 2019-01-31 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: Keynes’s General Theory was the most influential piece of economic writing of the twentieth century, and is one of the least understood. Keynes wrote brilliantly for the popular press but tied himself in knots when trying to present his own theoretical ideas. He was seen at the time as a heretic and a paradox-monger. His ideas were accepted by much of the economics establishment, and then rejected by adversaries who had absorbed more of them than they cared to admit. Nowadays it is hard to tell what comes from Keynes and what doesn’t. The relevance of his ideas is not just to theoreticians. Political discussion often hinges on ideas associated with Keynes. Every voter is called on to express a quinquennial preference between balanced budgets and fiscal stimulation; yet nowhere can he or she find adequate guidance on the meaning of Keynes’s words, or on whether they are indeed paradoxes or instead a banal application of the laws of supply and demand to the economy as a whole. This Critical Study presents Keynes’s ideas in a clear and systematic way. 26 colour diagrams illustrate the theoretical relationships, and an initial chapter provides a primer on the basic concepts needed to understand Keynes’s work. Above all, as its title suggests, the book is critical. It looks at those aspects of Keynes’s doctrine which were seen as paradoxical when they appeared, and tries to examine the rationale for his rejection of ‘Classical’ theory. All this is presented in the context of the society of the 30s, struggling to rebuild itself after the disasters of war but confronted by hyperinflation and depression. A vivid picture emerges of the personalities involved, and there is a relatively sympathetic portrayal of the contributions of A. C. Pigou and Dennis Robertson to the topics raised by the General Theory.
Download or read book Lectures on John Maynard Keynes General Theory of Employment Interest and Money 3 written by Brian S. Ferguson and published by . This book was released on 2013 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Chapter 3 of the General Theory, Keynes sketches out what he calls the essence of the General Theory of Employment. He introduces the Keynesian expenditure-based model, the aggregate demand curve and also his aggregate supply function, a concept which spawned much debate among Post-Keynesian economists but which was, for a long time, virtually ignored in mainstream macroeconomics. He sets out the Savings=Investment version of Say's Law and outlines how an economy can settle into an equilibrium at less than full employment.
Download or read book The General Theory of Profit Equilibrium written by C. Fanning and published by Springer. This book was released on 1998-05-11 with total page 233 pages. Available in PDF, EPUB and Kindle. Book excerpt: John Maynard Keynes's seminal The General Theory of Employment, Interest and Money remains central to economic debate over sixty years after its publication. This book shows how Keynes's masterpiece is best understood not as an attempt to tackle the immediate policy issues of this age but to extend the range of thought available to economists. Understood as such, it continues to provide the most effective framework to the central issues about the functioning of the economy. The authors offer a clear exposition of Keynes's thought and its continuing relevance for economists in academic, business and government life.
