Classical Macroeconomics

Name: Classical Macroeconomics
Author: James C.W. (California State University, USA) Ahiakpor

Some Modern Variations and Distortions

Specificaties

Gebonden, 276 blz. | Engels

Taylor & Francis | 1e druk, 2003

ISBN13: 9780415153324

Rubricering

Juridisch :

Taylor & Francis 1e druk, 2003 9780415153324

Onderdeel van serie Routledge Studies in the History of Economics

€ 246,65

In winkelwagen

Levertijd ongeveer 11 werkdagen

Gratis verzonden

Samenvatting

John Maynard Keynes failed to correctly interpret classic economic concepts, and dismissed the classical explanations and conclusions as being irrelevant to the world in which we live. The trauma of the Great Depression and Keynes's changed definition of economic concepts, aided by Eugen Böhm-Bawerk, have made it difficult for modern economists to fully appreciate the classical insights.

This outstanding book clarifies the classical explanations to resolve the continuing theoretical and policy disputes. Key chapters include: On the Definition of Money Keynes's Misinterpretation of the Classical Theory of Interest The Classical Theory of Growth and Keynes's Paradox of Thrift The Mythology of the Keynesian Multiplier

This unique book demonstrates that it is Keynes's understanding of some fundamental classical economic concepts which is at fault, and extends its analysis to other modern contributions in macroeconomics.