Kniha KEYNES, COORDINATION AND BEYOND Harry Garretsen

KEYNES, COORDINATION AND BEYOND

The Development of Macroeconomic and Monetary Theory since 1945

Jazyk: Angličtina
Väzba: Pevná
Dostupnosť: Skladom u dodávateľa
Odosielame za 14-20 dní
161.69
This book proposes that the coordination problems lies at the heart of Keynes' economics and argues...

Informácie o knihe

Jazyk
Angličtina
Väzba
Kniha - Pevná
Vydalo
1992
Stránok
240
EAN
9781852786205
Enbook ID
05110686
Hmotnosť
561
Rozmery
156 x 234 x 15

Kompletný popis

This book proposes that the coordination problems lies at the heart of Keynes' economics and argues that Keynes' message got lost in the post-war period. The text develops an extension of Keynes' ideas within a general equilibrium framework and within alternative frameworks such as Austrian economics. It is demonstrated that in the absence of a co-ordinating device like the Walrasian auctioneer or in the presence of uncertainty, co-ordination can no longer be superimposed. This ultimately implies that apart from some notable exceptions, the Keynesian revolution was in fact stifled at birth because the validity of the central concepts of microeconomics have never been challenged.

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