Keynes, Coordination, and Beyond: The Development of Macroeconomic and Monetary Theory Since 1945 - Couverture rigide

Garretsen, Harry

Couverture rigide

ISBN 10 : 1852786205 ISBN 13 : 9781852786205

Editeur : Edward Elgar Publishing Ltd, 1992

Synopsis

This book argues that the coordination problem lies at the heart of Keynes’s economics. It shows how Keynes’s message got lost in the post-War period and develops a more fruitful extension of Keynes’s ideas within a general equilibrium framework and alternative frameworks such as post Keynesian and Austrian economics. It is demonstrated that in the absence of a coordinating device like the Walrasian auctioneer or in the presence of uncertainty, coordination 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.

This lively and fascinating book is likely to provoke debate amongst economists and policymakers. Its conclusions place a question mark over the development of economic theory since the Second World War.

A propos du livre

À propos de l'auteur

Harry Garretsen, Professor of International Economics and Business, Faculty of Economics and Business, University of Groningen, the Netherlands

Détails de l'édition

• Éditeur: Edward Elgar Publishing Ltd
• Date d'édition: 1992
• Langue: anglais
• ISBN 10: 1852786205
• ISBN 13: 9781852786205
• Reliure: Relié
• Nombre de pages: 240
• Coordonnées du fabricant: non disponible
• Personne responsable: non disponible