Książka KEYNES, COORDINATION AND BEYOND Harry Garretsen

KEYNES, COORDINATION AND BEYOND

The Development of Macroeconomic and Monetary Theory since 1945

Język: Angielski
Oprawa: Twarda
Dostępność: Dostępna u dostawcy
Wysyłamy za 14-20 dni
691.40
This book proposes that the coordination problems lies at the heart of Keynes' economics and argues...

Informacje o książce

Język
Angielski
Oprawa
Książka - Twarda
Data wydania
1992
strony
240
EAN
9781852786205
Enbook ID
05110686
Waga
561
Wymiary
156 x 234 x 15

Pełny opis

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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