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Raising Keynes : A Twenty-First-Century General Theory
Author
Title
Raising Keynes : A Twenty-First-Century General Theory / Stephen A. Marglin.
ISBN
9780674246225
Publication
Cambridge, MA : Harvard University Press, [2021]
Copyright Notice Date
©2020
Physical Description
1 online resource (720 p.)
Local Notes
Access is available to the Yale community.
Notes
In English.
Access and use
Access restricted by licensing agreement.
Summary
Keynes's General Theory has been misunderstood as relying on frictions to justify the need for the visible hand of government to complement the invisible hand of the market. Fleshing out the GT with tools not available to Keynes, Marglin exposes the fundamental failure of markets to self-regulate and draws lessons for fiscal and monetary policies.
Variant and related titles
De Gruyter University Press eBook pilot project 2020.
Format
Books / Online
Language
English
Added to Catalog
June 17, 2022
Contents
Frontmatter
Contents
Notation
Prologue: What Is This Book About?
Part I. Background: The Rise and Fall
1 Introduction: Is This Resurrection Necessary?
2 What Were They Thinking? Economics Before The General Theory
Part II. Keynes Defeated: Static Models and the Critics
3 The Determination of Output and Employment: First and Second Passes at Equilibrium
4 Equilibrium with a Given Money Supply: Critical Perspectives on the Second-Pass Model
Part III. Keynes Vindicated: A Theory of Real-Time Changes
5 The Price Mechanism: Gospels According to Marshall and Walras
6 The General Theory without Rigid Prices and Wages
7 Dynamics vs. Statics: Can the Economy Get from the Here of Unemployment to the There of Full Employment?
8 A Dose of Reality: The Evidence of the Great Depression
Part IV. Building Blocks
9 Consumption and Saving
10 Investment
11 The Theory of Interest, I: Liquidity Preference in a World of Money and Bonds
12 The Theory of Interest, II: Liquidity Preference as a Theory of Spreads
13 Taking Money Seriously
Part V. Fiscal Policy in Theory and Practice
14 Functional Finance and the Stabilization of Aggregate Demand
15 Did the Obama Stimulus Work?
16 Functional Finance and the Composition of Aggregate Demand
Part IV. Keynes in the Long Run
17 First Steps into the Long Run: Harrod, Domar, Solow, and Robinson
18 Keynes in the Long Run: A Theory of Wages, Prices, and Employment
19 Inflation and Employment Empirics in the Keynesian Long Run
Notes
References
Acknowledgments
Index
Bookmark As
Citation
