Buch, Englisch, 396 Seiten, Format (B × H): 152 mm x 229 mm, Gewicht: 647 g
Studies of the Inter-War Literature on Money, the Cycle, and Unemployment
Buch, Englisch, 396 Seiten, Format (B × H): 152 mm x 229 mm, Gewicht: 647 g
Reihe: Historical Perspectives on Modern Economics
ISBN: 978-0-521-64596-6
Verlag: Cambridge University Press
Examining the emergence, in the inter-war years, of what came to be called 'Keynesian macroeconomics'. This study accepts the novelty of the latter, as represented by the IS-LM model, which in various forms came to dominate the sub-discipline for three decades. It argues, however, that this model did not represent a radical change in economic thinking but rather an extremely selective synthesis of those which had permeated the preceding literature, including Keynes's own contributions to it, not least the General Theory. Hence the book questions the appropriateness of thinking of this development as the outcome of a 'Keynesian Revolution' in economic thought, partly because the most radical aspects of Keynes's own intended contribution were excluded from it, but mainly because IS-LM is better viewed as the end result of twenty years or more of intellectual development to which many others besides Keynes contributed.
Autoren/Hrsg.
Fachgebiete
Weitere Infos & Material
Introduction; 1. An overview; Part I. The Wicksellians: 2. Wicksellian origins; 3. The macrodynamics of the Stockholm school; Part II. The Marshallian Tradition in Britain: 4. Cambridge cycle theory: Lavington, Pigou and Robertson; 5. The monetary element in the Cambridge tradition; 6. The Treatise on Money and related contributions; 7. British discussions of unemployment; Part III. American Analysis of Money and the Cycle: 8. American macroeconomics between World War I and the Depression; 9. American macroeconomics in the early 1930s; Part IV. Keynes, the Classical and IS-LM: 10. The General Theory; 11. The classics and Mr. Keynes; 12. IS-LM and the General Theory; 13. Selective synthesis; References.
