Keynes's Monetary Theory: A Different Interpretation

ISBN-13: 9780521306157 / Angielski / Twarda / 1989 / 356 str.

Allan H. Meltzer

Opis

In this rigorous study of John Maynard Keynes's views on economic theory and policy from 1920-1946, Professor Meltzer argues that some of Keynes's main ideas have been ignored or misstated. While attention has focused on short-term countercyclical policies, the main policy implications have been neglected. Keynes placed great emphasis on rules, predictability, and reduction of uncertainty. In keeping with his theoretical work, he opposed discretionary fiscal changes and favored rules to reduce instability and increase the capital stock. These policies are consistent with, and provide evidence for, the interpretation of Keynes's theory developed here.

Recenzje

'This careful and conscientious account can be strongly recommended to any serious economist - to Keynes's faithful followers as well as to those many more who condemn him.' Lorie Tarshis, Journal of Economic Literature

Spis treści

Preface; 1. Introduction; 2. Keynes in the 1920s: ideas, beliefs, and events; 3. Theories, implications, and conjectures in the 1920s; 4. The General Theory: a different perspective; 5. Monetary reform and international economic order; 6. Other interpretations of The General Theory; 7. Conclusion; References; Index.