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基本説明
New in paperback. Hardcover was published in 2007. This book argues that Keynesian economists have betrayed Keynes' theory and policy conclusions. Keynesian economics has not merely led to an easily dismissed justification for 'Keynesian' policies, but the world has been grossly misled about just what those policies are.
Full Description
This book argues that Keynesian economists have betrayed Keynes' theory and policy conclusions, and that the world has been misled about those policies. Keynesians have focused attention on policies for dealing with effects of economic failure as they arise, whereas Keynes was concerned with the cause and then the prevention of economic failure.
Contents
Acknowledgements Introduction PART I: HISTORY Monetary Economics and Monetary Policy JMK and the Fourth Grand Monetary Discussion The Origins of Keynesian Economics PART II: THEORY The Saving-Investment Identity and the Transition to the General Theory The Theory of Liquidity Preference and Debt Management Policy The Monetary Theory of Real Activity PART III: MACROECONOMICS AFTER KEYNES Keynes's Response to Keynesian Economics The Keynesian Counter-Revolution and Thereafter The General Theory and the 'Facts of Experience' Conclusion Bibliography