Macroeconomic Analysis in the Classical Tradition: The Impediments Of Keynes's Influence

ISBN-13: 9780367721930 / Angielski / Miękka / 2022 / 238 str.

James C W Ahiakpor

Opis

Macroeconomic Analysis in the Classical Tradition explains how the influence of Keynes’s macroeconomics, including his changed definitions of some key macroeconomic concepts, has impeded many analysts’ ability to readily resolve disputes in modern macroeconomics.

Spis treści

(1) Introduction: The Pervasive Impediment of Keynes’s Influence in Modern Macroeconomic Analysis  (2) Interpreting Say’s Law of Markets or Outlets Correctly: The Impediments of Keynes’s Influence  (3) Could Keynes have made a Legitimate Case against John Stuart Mill’s Statement of the Law of Markets? An Illustration of Keynes’s Abiding Influence  (4) Saving and the Relevant Ricardian Equivalence Theorem  (5) Milton Friedman’s Permanent Income Hypothesis: A Distraction from Keynes’s Misrepresentation of Saving as Non-spending  (6) The Classical Heritage of Monetary Theory and Policy at Chicago and Harvard before the Keynesian Conquest  (7) 100% Money: A Harmful Proposal Appropriately Ignored  (8) Keynes’s Liquidity Trap is Impossible: Classical Monetary Analysis Helps to Explain  (9) The Classical Roots of the Phillips Curve Analysis  (10) The Future of Keynesian Economics: Struggling to Sustain a Dimming Light  (11) Conclusion: Some Policy Implications of Ridding Macroeconomics of Keynes’s Influence

O autorze

James C. W. Ahiakpor is Emeritus Professor of Economics at California State University East Bay, Hayward, USA.