Keynes Betrayed : The general theory, the rate of interest and Keynesian economics.
Title:
Keynes Betrayed : The general theory, the rate of interest and Keynesian economics.
Author:
Tily, Geoff.
ISBN:
9780230277014
9781403996282
Personal Author:
Publication Information:
Basingstoke : Palgrave Macmillan, 2010.
Physical Description:
347 s.
General Note:
Acknowledgements Introduction PART I: HISTORY Monetary Economics and Monetary Policy JMK and the Fourth Grand Monetary Discussion The Origins of Keynesian Economics PART II: THEORY The Saving-Investment Identity and the Transition to the General Theory The Theory of Liquidity Preference and Debt Management Policy The Monetary Theory of Real Activity PART III: MACROECONOMICS AFTER KEYNES Keynes's Response to Keynesian Economics The Keynesian Counter-Revolution and Thereafter The General Theory and the 'Facts of Experience' Conclusion Bibliography.
Abstract:
This book argues that Keynesian economists have betrayed Keynes' theory and policy conclusions, and that the world has been misled about those policies. Keynesians have focused attention on policies for dealing with effects of economic failure as they arise, whereas Keynes was concerned with the cause and then the prevention of economic failure.