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This authoritative and comprehensive reference work introduces the reader to the major concepts and leading contributors in the field of Keynesian economics. The book is divided into three general categories: first, concise biographies of economists who have contributed to the debate surrounding the economics of Keynes and the Keynesian Revolution; secondly the basic principles, models and tools used by the participants in this discussion about the...
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Articles, addresses, and essays, most originally published in The freeman. Includes bibliographical references and index. Introduction / Hans F. Sennholz -- Tributes. A man for many seasons / Bettina Bien Greaves -- A true polymath / Edmund A. Opitz -- Indefatigable leader / Ludwig von Mises. -- Hazlitt responses. Reflections at 70 -- The art of thinking. -- Of the market order. The ABC of a market economy -- Private ownership: a must -- Rights --...
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The past twenty years have been an era of economic disappointment in the United States. They have also been a time of intense economic debate, as rival ideologies contend for policy influence. Above all, they have been the age of the policy entrepreneur - the economic snake-oil salesman, right or left, who offers easy answers to hard problems. It started with the conservative economists - Milton Friedman at their head - who made powerful arguments...
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Arguing that post-Keynesian economics extended the discussion to questions neglected by Keynes and challenged orthodox macroeconomics, King (economics, La Trobe U., Australia) traces the development of post-Keynesianism from its origins in the 1930s to possible future developments. Along the way, he examines the challenges of the theory to the neoclassical paradigm of the 1970s, its ultimate failure to prevail, the differences between various schools...
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The ideas of John Maynard Keynes inspired the New Deal and helped rebuild world economies after World War II--and were later dismissed as "depression economics." Then came the great meltdown of 2008. Market forces that the world relied on suddenly failed to self-correct--and Keynes's doctrine of corrective action in an imperfect world became more relevant than ever. Keynes was not a traditional economist: he was a polemicist, an iconoclastic public...
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This book tells the story of John Maynard Keynes's concern with probability and uncertainty. Economists have long been interested in the possible connection between the ideas in the 1921 Treatise of Probability and the 1936 General Theory of Money, Interest and Employment. Here Bradley Bateman makes a unique contribution by examining the provenance of Keynes's ideas.
Via a careful exploration of the full historical context of Keynes's work, looking...
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Overview: In the 15 years to mid-2007 the world economy enjoyed unparalleled stability (the so-called "Great Moderation"), with steady growth and low inflation. But the period since mid-2007 ("the Great Recession") has seen the worst macroeconomic turmoil since the 1930s. A dramatic plunge in trade, output and employment in late 2008 and 2009 has been followed by an unconvincing recovery. How is the lurch from stability to instability to be explained?...
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This is the worst global turndown since the Great Depression. But it is highly unlikely to be as bad. The years 1929-32 saw twelve successive quarters of economic contraction. If repeated, this would mean the economic slide will continue till mid-2011. But the present contraction will be neither as deep nor as long, and this for two reasons. First, the will to International cooperation is stronger. Second, we do have Keynes.
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