Keynes's General theory, the rate of interest and 'Keynesian' economics : Keynes betrayed / Geoff Tily.

Basingstoke [England] ; New York : Palgrave Macmillan, 2007.

1 online resource. (x, 346 pages) : illustrations

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Geoff Tily argues that Keynes was primarily concerned with monetary policy, not fiscal policy. Viewed as a coherent whole, Keynes's work was concerned with the appropriate technique and infrastructure for the management of money at low rates of interest. More specifically, his rejection of the gold standard led ultimately to his proposal for an international clearing union to support domestic debt-management and monetary policies aimed at cheap money. His ideas became reality. With the start of the Great Depression, governments across the world began a (short-lived) era of the deliberate management of money. While many others have argued that 'Keynesian' economics is a misrepresentation of Keynes's theory, Tily argues that 'Keynesian' economics also permitted a gross misrepresentation of his economic policies. 'Keynesian' economics was a different theory opposed, and indeed rival, to Keynes's work. With the policy perspective restored, an alternative presentation of Keynes's economics, based on post-Keynesian economics, is permitted.

Palgrave Economics & Finance collection 2007.

Print version: Tily, Geoff, 1965- Keynes's General theory, the rate of interest and 'Keynesian' economics. Basingstoke [England] ; New York : Palgrave Macmillan, 2007

Books / Online

English

April 19, 2018

Includes bibliographical references (pages 325-335) and index.