Download or read book The Relevance of Keynesian Economic Policies Today written by Philip Arestis and published by Springer. This book was released on 1997-05-13 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: What can Keynesian economics mean in the 21st century? Do globalisation, inflationary pressures and supply-side constraints make managing demand in a domestic economy impossible? Or could its use to tackle unemployment be put back on the political agenda? These essays examine the potential relevance of Keynesian policies for Europe, America, the developing world and the global economy. There is no common definition, but Keynesianism is throughout seen as more than demand management, with policy proposals to promote investment, strengthen the supply-side and reduce uncertainty.
Download or read book Perspectives on Keynesian Economics written by Arie Arnon and published by Springer Science & Business Media. This book was released on 2010-11-29 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book combines historical and policy-oriented perspectives on the relevance of the Keynesian approach for economic theory, policy, and crisis analysis. The first part focuses on historical, theoretical, and methodological issues, and puts them in context with current developments. The second part focuses on the application of the Keynesian approach to modeling the economy, policy-making, and analyzing the ongoing crisis of the early 21st century. Bringing together contributions by leading macroeconomists such as Laidler, Cukierman, Colander and Boyer, and leading historians of economics such as Hollander, Boianovsky, Marcuzzo, Dimand, Witztum, Young, deVroey and Arnon, the book offers a comprehensive overview of Keynesian economics today. One of the book’s most essential features are the commentaries on the papers, which promote a cross-fertilization between macroeconomists and historians of economics, providing, in conjunction with the papers themselves, a balanced outlook on the current relevance of Keynesian economics.
Download or read book Keynesian Economic Policies written by Alain Barrere and published by Springer. This book was released on 1990-06-18 with total page 201 pages. Available in PDF, EPUB and Kindle. Book excerpt: This collection of essays is a plea for a renewal of policies based on the most fundamental ideas of Keynes as well as on recent developments in economic theory. The papers were first given at an international conference to commemorate the centenary of the birth of John Maynard Keynes.
Download or read book Economic Policies and Great Depression written by Kelvin Molly and published by GRIN Verlag. This book was released on 2014-03-28 with total page 11 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2012 in the subject Economics - Monetary theory and policy, grade: B, King`s College London, language: English, abstract: The Great Depression resulted to the need to reexamine the economic policies that were being used by various government to control the economy. The use of market and private sector to control the economy without government intervention saw the increase in mass unemployment. Economic authorities considered adapting the various policies on monetary and fiscal to help regulate the issue. Economists like Keynes developed the Keynesian theory to help the government in correcting the great depression of 1930. Golden age of capitalism was a period of economic prosperity which happened towards the end of World War II in 1945 and lasted up to the 1970s. It was a period with high levels of employment rate and unprecedented economic trade. It was dominated by capitalism with free trade. It is also known as the post-world war II which in other ways can be regarded to as the postwar economic boom and the long boom or the age of the Keynes used to refer to the quarter century following the world war. This period ended with the collapse of the Bretton woods system in 1971, oil crisis 1973 and the stock market crash which occurred in 1974. The rise of monetarism school of thought with policies emphasizing the role of monetary aggregates in policy analysis including the distinction between nominal and real interest rates provided another view in regard to the Keynesian theory. This paper seeks to examine these key issues in the period of Great depression and thereafter.
Download or read book Raising Keynes written by Stephen A. Marglin and published by Harvard University Press. This book was released on 2020-07-14 with total page 921 pages. Available in PDF, EPUB and Kindle. Book excerpt: Back to the future: a heterodox economist rewrites Keynes's General Theory of Employment, Interest, and Money to serve as the basis for a macroeconomics for the twenty-first century. John Maynard Keynes's General Theory of Employment, Interest, and Money was the most influential economic idea of the twentieth century. But, argues Stephen Marglin, its radical implications were obscured by Keynes's lack of the mathematical tools necessary to argue convincingly that the problem was the market itself, as distinct from myriad sources of friction around its margins. Marglin fills in the theoretical gaps, revealing the deeper meaning of the General Theory. Drawing on eight decades of discussion and debate since the General Theory was published, as well as on his own research, Marglin substantiates Keynes's intuition that there is no mechanism within a capitalist economy that ensures full employment. Even if deregulating the economy could make it more like the textbook ideal of perfect competition, this would not address the problem that Keynes identified: the potential inadequacy of aggregate demand. Ordinary citizens have paid a steep price for the distortion of Keynes's message. Fiscal policy has been relegated to emergencies like the Great Recession. Monetary policy has focused unduly on inflation. In both cases the underlying rationale is the false premise that in the long run at least the economy is self-regulating so that fiscal policy is unnecessary and inflation beyond a modest 2 percent serves no useful purpose. Fleshing out Keynes's intuition that the problem is not the warts on the body of capitalism but capitalism itself, Raising Keynes provides the foundation for a twenty-first-century macroeconomics that can both respond to crises and guide long-run policy.
Download or read book Finance Development September 2014 written by International Monetary Fund. External Relations Dept. and published by International Monetary Fund. This book was released on 2014-08-25 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: This chapter discusses various past and future aspects of the global economy. There has been a huge transformation of the global economy in the last several years. Articles on the future of energy in the global economy by Jeffrey Ball and on measuring inequality by Jonathan Ostry and Andrew Berg are also illustrated. Since the 2008 global crisis, global economists must change the way they look at the world.
Download or read book The General Theory of Employment Interest and Money written by John Maynard Keynes and published by Springer. This book was released on 2018-07-20 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book was originally published by Macmillan in 1936. It was voted the top Academic Book that Shaped Modern Britain by Academic Book Week (UK) in 2017, and in 2011 was placed on Time Magazine's top 100 non-fiction books written in English since 1923. Reissued with a fresh Introduction by the Nobel-prize winner Paul Krugman and a new Afterword by Keynes’ biographer Robert Skidelsky, this important work is made available to a new generation. The General Theory of Employment, Interest and Money transformed economics and changed the face of modern macroeconomics. Keynes’ argument is based on the idea that the level of employment is not determined by the price of labour, but by the spending of money. It gave way to an entirely new approach where employment, inflation and the market economy are concerned. Highly provocative at its time of publication, this book and Keynes’ theories continue to remain the subject of much support and praise, criticism and debate. Economists at any stage in their career will enjoy revisiting this treatise and observing the relevance of Keynes’ work in today’s contemporary climate.
Download or read book The Impact of Keynes on Economics in the 20th Century written by European Society for the History of Economic Thought. Conference and published by Edward Elgar Publishing. This book was released on 1999 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: Papers presented at a winter 1997 conference of the European Society for the History of Economic Thought reconsider the nature and significance of Keynes' theories and economic policies, and illustrate the diversity of Keynesianism in different European countries throughout the century. Main themes are Keynesian theory, Keynesian- type policies and theories throughout Europe, and how Keynesian policy has been used by government and non-governmental organizations in an attempt to deal with unemployment and deflation during the 20th century. Pasinetti is a professor of economics at Catholic University, Milan, Italy. Schefold is a professor of economics at Johann Wolfgang Goethe University, Frankfurt am Main, Germany. Annotation copyrighted by Book News, Inc., Portland, OR
Download or read book A Modern Guide to Keynesian Macroeconomics and Economic Policies written by Eckhard Hein and published by Edward Elgar Publishing. This book was released on 2011-01-01 with total page 393 pages. Available in PDF, EPUB and Kindle. Book excerpt: This well-documented book will prove to be the essential guide for researchers and graduate students in macroeconomics and political economy. It will also prove inspiring to a wider audience interested in modern Keynesian macroeconomics.
Download or read book The Policy Consequences of John Maynard Keynes written by Wattel and published by Routledge. This book was released on 2017-07-28 with total page 271 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examines the history, contemporary practice, and policy issues of non-union employee representation in the USA and Canada. The text encompasses many organizational devices that are organized for the purposes of representing employees on a range of production, quality, and employment issues.
Download or read book The Economic Consequences of the Peace written by John Maynard Keynes and published by Simon Publications LLC. This book was released on 1920 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: John Maynard Keynes, then a rising young economist, participated in the Paris Peace Conference in 1919 as chief representative of the British Treasury and advisor to Prime Minister David Lloyd George. He resigned after desperately trying and failing to reduce the huge demands for reparations being made on Germany. The Economic Consequences of the Peace is Keynes' brilliant and prophetic analysis of the effects that the peace treaty would have both on Germany and, even more fatefully, the world.
Download or read book Keynes and Economic Policy written by W.A. Eltis and published by Springer. This book was released on 1988-06-18 with total page 470 pages. Available in PDF, EPUB and Kindle. Book excerpt: A collection of papers on the relevance of Keynes' economic theory after 50 years. It covers a diversity of topics relating the theory to subjects varying from the effect of fiscal reflation upon employment, and the significance of public sector borrowing to the international dimension.
Download or read book Towards the Managed Economy written by Roger Middleton and published by Routledge. This book was released on 2013-11-05 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a major study of economic policy making in Britain between the wars. It provided the first full-length analysis of the early development of fiscal policy as a tool of modern economic management. The central question addressed is how Keynesian fiscal policies came to be adopted by the British government, with particular attention paid to the role of the Treasury and to that of Keynes himself. Drawing extensively on unpublished documents hitherto untapped by economists or historians, Roger Middleton challenges the widely held view of official economic thinking as an ill-informed group of people holding ‘the Treasury view’ in opposition to Keynes’s prescriptions for deficient demand and mass unemployment. Instead he argues that acceptance of Keynesian economics during the Second World War resulted from political and administrative factors as much as a conversion to Keynesian theory. He investigates the form and impact of fiscal policy during the 1930s and, through a constant employment budget analysis, shows convincingly that at times of rising unemployment governments ignore at their peril the effects of automatic stabilizers upon budgetary stability. Historians and economists welcomed this fresh perspective on a debate of historical as well as contemporary importance. Towards the Managed Economy is essential reading for all those interested in the rise and fall of Keynesian demand management. This classic text was first published in 1985.
Download or read book Keynes s General Theory for Today written by Jesper Jespersen and published by Edward Elgar Publishing. This book was released on 2012-01-01 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: ÔAt a time of renewed interest in Keynes, this volume provides an illuminating and forward-looking collection of papers. They explain the meaning of KeynesÕs great contribution and also show how that contribution can be developed further for application to modern economic policy issues. Most important, the papers explain the ways in which KeynesÕs methodological approach is so different from that which continues to dominate mainstream economics and how productive it would be if that approach were applied to our modern experience.Õ Ð Sheila Dow, University of Stirling, UK ÔThis book celebrates the 75th anniversary of KeynesÕs General Theory, which has proved yet again to be an endless source of inspiration. These authors take The General Theory as a point of departure from which to address the problems of today from fresh perspectives. This volume is indeed Keynes for today Ð and tomorrow.Õ Ð Victoria Chick, University College London, UK ÔKeynesÕs General Theory for Today is a fine set of thoughtful and highly relevant essays. They relate several ideas of Keynes to todayÕs happenings, putting forward modifications and extensions to take into account both short-term and long-term happenings in advanced capitalist economies. Especially useful are the investigations of KeynesÕs revolutionary methods of reasoning in economics, long abandoned by orthodox economists, to the great detriment of our understanding of what is happening and what may be done about it. These essays should be required reading for students, teachers and policy makers alike.Õ Ð G.C. Harcourt, University of New South Wales, Australia The themes of this important new volume were chosen to mark the 75th anniversary of the publication of The General Theory of Employment, Interest and Money. The distinguished authors concentrate on the relevance of this seminal publication for macroeconomic theory, method and the politics of today. This is particularly pertinent as similarities with the 1930s are striking in terms of unemployment, low growth, financial fragility and the European monetary union resembling the gold standard. Illustrating new ways of understanding the importance of uncertainty in macroeconomics, particularly in view of the importance of finance and balance of payments imbalances within a monetary union, this book will prove a stimulating and challenging read for academics, researchers and students of macroeconomics, heterodox economics, and the methodology and history of economic thought.
Download or read book The Fall and Rise of Keynesian Economics written by John Eatwell and published by Oxford University Press. This book was released on 2011-06-16 with total page 449 pages. Available in PDF, EPUB and Kindle. Book excerpt: The simple message of Eatwell & Milgate's Fall and Rise of Keynesian Economics is that it was inevitable that Keynesian economics would rise again when circumstances conspired to make it apparent that conventional macroeconomic thinking had lost its way and was unable to explain satisfactorily the most outstanding feature of our actual experience: financial instabilty and its effect on real economic activity.
Download or read book The Return to Keynes written by Bradley W. Bateman and published by Harvard University Press. This book was released on 2010-06-01 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: Keynesian economics, which proposed that the government could use monetary and fiscal policy to help the economy avoid the extremes of recession and inflation, held sway for thirty years after World War II. However, it was discredited after the stagflation of the 1970s, which not only proved resistant to traditional Keynesian policies but was actually thought to be caused by them. By the 1990s, the anti-Keynesian counter-revolution seemed to reach its pinnacle with the award of several Nobel Prizes in economics to its architects at the University of Chicago. However, with the collapse of the dot-com boom in 2000 and the attacks of 9/11 a year later, the nature of macroeconomic policy debate took a turn. The collapse prompted a major shift in macroeconomic policy, as the Bush administration and other governments around the world began to resort to Keynesian measures--both monetary and fiscal policies--to stabilize the economy. The Keynesian rebirth has been most dramatically illustrated during the past year when central banks have pumped billions of dollars of liquidity into the world's financial system to address the crises of confidence, illiquidity, and insolvency that were triggered by the sub-prime lending crisis. The Return to Keynes puts Keynesian economics in a fresh perspective in order to assess this surprising new era in economic policy making.
Download or read book Keynes the Treasury and British Economic Policy written by G. C. Peden and published by Palgrave. This book was released on 1988 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: This pamphlet studies the debate between John Maynard Keynes and the Treasury from 1919-1946, and discusses the implications of recent research. The traditional picture of Keynes as a Cassandra with the right solutions to unemployment and inflation has been challenged both by new documentary evidence and by economic historians using quantitative methods. Problems in the managed economy since the 1970's have also cast an undeserved shadow on Keynes's reputation. His ideas, and those of the Treasury, can now be looked at in historical perspective.
