John Maynard Keynes [electronic resource]

• 作者： Davidson, Paul, 1930-
• 其他作者：
  • Palgrave Connect (Online service)
• 其他題名：
  • Great thinkers in economics series
• 出版： Basingstoke : Palgrave Macmillan
• 叢書名： Great thinkers in economics series
• 主題： Keynes, John Maynard, 1883-1946. , Keynesian economics. , Economists--Great Britain. , Economie. , Electronic books.
• ISBN： 9780230235472 、 0230235476
• FIND@SFXID: CGU
• 資料類型: 電子書
• 內容註: Includes bibliographical references and index. An introduction to Keynes and his revolutionary views -- How the Great War and its aftermath affected Keynes's thinking -- Keynes's middle way: liberalism is truly a new way -- The before and after of Keynes's general theory -- The conceptual difference between Keynes's general theory and classical theory: savings and liquidity -- Further differentiating Keynes's aggregate demand function -- The importance of money, contracts, and liquid financial markets -- World War II and the postwar open economies system -- Classical trade theory versus Keynes's general theory of international tradeand international payments -- Reforming the world's money -- Inflation -- Keynes's revolution: the evidence showing who killed Cock Robin.
• More
• 摘要註: Now that every politician is calling for Keynesian remedies isn't ittime for you to learn what Keynes's analysis is all about? The currentglobal economic crisis has been caused by the de-regulation of financial markets over the last three decades. Yet, orthodox economic theory during this period provided the rational for this political belief in the desirability of free efficient markets. This volume explains how, after the collapse of financial markets in 1929 led to the Great Depression, John Maynard Keynes, the greatest economic thinker of the 20th century, developed an alternative analytical framework to this orthodox theory. Keynes's alternative theory explains why this free efficient markettheory is not, and cannot be, applicable to the entrepreneurial, market-oriented system in which we live. Instead, with unregulated or under-regulated markets the economy will be extremelyvolatile. Booms (investment bubbles) are likely to be followed by catastrophic collapses. In the absence of positive government action, long periods of economic stagnation could follow. To avoid these catastrophic collapses and periods of stagnation, Keynes indicated that governments have two important roles to play. First governments must develop institutions, rules, and regulations that maintain the stability and liquidity of financial markets, domestically and globally. Second, the government must take whatever action necessary to make sure that the full employment of resources arecontinuously utilized in producing desirable and productive goods and services. Only then can we eliminate the two outstanding faults of our entrepreneurial system b6s (1) the failure of the system to provide full employment and (2) the arbitrary and inequitable distribution of wealth and incomes.
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