What's Wrong With Keynesian Economic Theory? - Couverture rigide

Couverture rigide

ISBN 10 : 1785363735 ISBN 13 : 9781785363733

Editeur : Edward Elgar Publishing Ltd, 2016

A propos du livre

Présentation de l'éditeur :

One of the most striking phenomena in all of economics is the absence of a deep tradition of criticism focused on Keynesian economic theory. There have been critics, but they are few and far between even though Keynesian demand management has been at the centre of some of the worst economic outcomes in history, from the great stagflation of the 1970s to the twenty-year 'lost decade' in Japan that has been ongoing since the 1990s, and now, once again, the dismal recoveries that have followed the Global Financial Crisis. This book brings together some of the most vocal critics of Keynesian economics of the present time. Each author attempts to explain what is wrong with Keynesian theory for those seeking guidance on where to turn for a more accurate explanation of the business cycle and what to do when recessions occur. The contributions are by scholars from a wide number of schools of economics, which include but are not restricted to, Austrian, monetarist and classical perspectives. Written not just for economists, this accessible book is one of the few anti-Keynesian texts available and explains the inability of public spending and lower interest rates to have restored robust economic growth and full employment after the GFC. The collection offers an antidote to contemporary macroeconomic theory. It is an essential text for anyone wishing to understand why no stimulus has been able to bring recovery to any economy in which it has been tried.

À propos de cette édition

• Éditeur: Edward Elgar Publishing Ltd
• Date d'édition: 2016
• ISBN 10: 1785363735
• ISBN 13: 9781785363733
• Reliure: Relié
• Nombre de pages: 288