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Keynes, Post-Keynesianism and Political Economy: Essays in Honour of Geoff Harcourt, Volume III
by Claudio Sardoni Peter KrieslerGeoff Harcourt has had a major impact on the field of Post-Keynesian economics, not only in his research but also in his teaching. Many of Harcourts students have gone on to make valuable contributions in this field. This volume brings together contributions from thirty such former students, now established in academic institutions around the world
Keynes, Sraffa, and the Criticism of Neoclassical Theory: Essays in Honour of Heinz Kurz (Routledge Studies In The History Of Economics Ser. #129)
by Neri Salvadori Christian GehrkeHeinz Kurz is recognised internationally as a leading economic theorist and a foremost historian of economic thought. This book pays tribute to his outstanding contributions on the occasion of his 65th birthday by bringing together a unique collection of new essays by distinguished economists from around the world. Keynes, Sraffa, and the Criticism of Neoclassical Theory comprises twenty-three essays, covering themes in Keynesian economic theory, in the development of the modern classical approach to economic theory, linear production models, and the critique of neoclassical theory. The essays in this book will be an invaluable source of inspiration for economists interested in economic theory and in the evolution of economic thought. They will also be of interest to postgraduate and research students specialising in economic theory and in the history of economic thought.
Keynesian Economics (Routledge Library Editions)
by Alan CoddingtonKeynesian Economics provides a wide-ranging critical examination of the presuppositions and procedures of Keynesian analysis. The result is both a clear guide to modern macro-economic theory and policy and a revealing exercise in the recent history of ideas - ideas which are highly contentious and still deeply influential."(Alan) Coddington made several substantive contributions to the understanding of Keynesian economics which established his fame not merely in the UK but in major centres of economics around the world." The Times
Keynesian Economics and Price Theory
by Masayuki OtakiThis book reconstructs Keynesian macroeconomics so that it is compatible with the neoclassical dynamic microeconomic theory. This theory adopts three postulates: rational expectations, perfect price flexibility, and exclusion of the money in utility function (MIU). Based on the new theoretical finding that the Lucas model (1972) contains multiple equilibria, the author unifies Keynesian and monetarist theories within the same framework. The book applies the above basic theory to international macroeconomics and economic growth theory. New Keynesian theory contains logical inconsistencies: menu costs that have no close relationship with microeconomics and MIU, which implies that the money accumulated as wealth is never spent. These two assumptions do not proximate the real world. In this volume, the author discusses how various segregated theoretical approaches in macroeconomics relate to one another and proposes how to integrate them.
Keynesian Macroeconomics Beyond the IS-LM Model
by Chandana Ghosh Ambar Nath GhoshThis book makes an original and significant contribution to Keynesian macroeconomics. The IS-LM model is a basic workhorse of Keynesian macroeconomics. However, its financial aspects are extremely rudimentary and the link between the real and the financial sector is extremely tenuous. Hence, neither the IS-LM model nor IS-LM-based models can be applied to the major economic issues facing today’s world. This book develops alternative models in the Keynesian tradition that incorporate financial institutions and make explicit the intimate link between the processes of generation of income, saving, credit and expenditure. It subsequently uses these models to address the major current macroeconomic issues that India and the rest of the world are confronted with. In the Indian context, it focuses on the issues of unemployment, growth, recession, bank performance, banking sector reforms and corruption. It also seeks to identify the causes of economic crises in Greece and the US. The analysis reveals a common trend in the economies considered here: the policy framework within which they function is recessionary, exploitative and fosters unemployment, inequality and poverty. Further, this framework is leading these economies farther away from the goal that every civilized society should strive to achieve, namely, providing all citizens with suitably gainful jobs and adequate access to quality food, clothing, shelter, education and health care. The book seeks to identify the cause of this malady, and puts forward policies to remedy it. It thus contains takeaways for academia, think tanks as well as policy makers.
The Keynesian Multiplier (Routledge Frontiers Of Political Economy Ser.)
by Claude Gnos Louis-Philippe RochonThe multiplier is a central concept in Keynesian and post-Keynesian economics. It is largely what justifies activist full-employment fiscal policy: an increase in fiscal expenditures contributing to multiple rounds of spending, thereby financing itself. Yet, while a copingstone of post-Keynesian theory, it is not universally accepted by
The Keynesian Revolution
by Lawrence R. KleinHow Keynes developed his doctrine from his 1st book in 1913 to 1947; how Keynes' theories departed from his contemporaries and predecessors; its impact on everyday economic policy.
The Keynesian Revolution and Our Empty Economy: We're All Dead
by Victor V. Claar Greg ForsterThis book considers the cultural legacy of the Keynesian Revolution in economics. It assesses the impact of Keynes and Keynesian thinking upon economics and policy, as well as the response of the Chicago and Austrian schools, and the legacy of all three in shaping economic life. The book is a call to restore economics to its roots in moral and cultural knowledge, reminding us that human beings are more than consumers. The Keynesian Revolution taught us that we should be happy if we are prosperous, but instead we feel hollow and morally anxious – our economy feels empty. Drawing on paradigms from earlier historical periods while affirming modern market systems, this book encourages a return to a view of human beings as persons with the right and responsibility to discover, and do, the things in life that are intrinsically good and enduring. Because in the long run, the legacy of our choices will continue long after “we’re all dead.”
The Keynesian Revolution and Our Empty Economy: We're All Dead
by Greg Forster Victor V. ClaarThis book considers the cultural legacy of the Keynesian Revolution in economics. It assesses the impact of Keynes and Keynesian thinking upon economics and policy, as well as the response of the Chicago and Austrian schools, and the legacy of all three in shaping economic life. The book is a call to restore economics to its roots in moral and cultural knowledge, reminding us that human beings are more than consumers. The Keynesian Revolution taught us that we should be happy if we are prosperous, but instead we feel hollow and morally anxious – our economy feels empty. Drawing on paradigms from earlier historical periods while affirming modern market systems, this book encourages a return to a view of human beings as persons with the right and responsibility to discover, and do, the things in life that are intrinsically good and enduring. Because in the long run, the legacy of our choices will continue long after “we’re all dead.”
Keynesian, Sraffian, Computable and Dynamic Economics: Theoretical and Simulational (Numerical) Approaches
by Kumaraswamy VelupillaiThis book explores an alternative approach to the conventional, market-based, view of economic theory and economic policy, at theoretical, numerical and applicable levels. The chapters provide a theoretical, empirical, and algorithmic approach to marcodynamics, Sraffian economics, and current policy issues. Post-Keynesian macroeconomics, business cycle theory, the trade cycle, microfoundations, and the Philips Machine are also covered. This book aims to challenge orthodox ideas and provide a lens through which to honour the work of Stefano Zambelli. It will be of relevant to students and academics interested in economics.
Keynesianism vs. Monetarism: And other essays in financial history
by Charles P. KindlebergerFirst Published in 2005. This volume offers an extended original series of essays in the field of financial history, assembled from lectures, articles for Festschriften and symposia, commissioned articles, and a few papers for the normal run of periodicals, including one or two obscure ones. They form a complement to the author’s previous work Financial History of Western Europe (1984).
Keynes's Economic Consequences of the Peace: A Reappraisal (SCEME Studies in Economic Methodology #1)
by Jens HölscherPublished just months after the Versailles Treaty was signed, The Economic Consequences of the Peace is a devastating critique of allied leaders and the reparations imposed on Germany and Austria in the aftermath of WWI. These essays assess the importance of Keynes’s book, both historically and in its relevance for the challenges we face today.
Keynes’s Evolutionary Spirit: A Philosophical Journey through His Work (Palgrave Insights into Apocalypse Economics)
by Jesús Muñoz-BandalaThis book chronicles the way Keynes’s generous philosophy of practice evolved in consonance with the needs of his epoch. From a youngster reflecting on ethics and the classics, to becoming a leading voice in both wars in terms of political philosophy and international relations, to playing the role of innovator in both probability and economics, to taking a stance as an art appreciator, Keynes’s life and multidisciplinary contributions to humankind were permeated by his philosophical milieu. However, only a flexible, dynamic, and broad philosophy could have reflected and led the economic and political events in the world of the first part of the 20th Century, which is what Keynes managed to accomplish, and that is what the book suggests. This book captures the gist of Keynes’ evolutionary philosophy for our times. The book adds an evolutionary perspective to the existing literature on Keynes. As a case in point, the theoretical foundations of both macroeconomics and laissez faire are dissected. But the book also tells the story of how Keynes’s philosophy is adapted to a convulsed world, which is akin to ours, his legacy being gifted with multiple human considerations. The book offers an outline of Keynes’s philosophical stance—also compared with those of other European thinkers—at a moment when new ethical, epistemological, economic, and political perspectives are required, especially after the crisis of 2020. The conclusion is that Keynes´s theoretical and practical insights were far ahead of his time.
Keynes's General Theory Reconsidered in the Context of the Japanese Economy
by Masayuki OtakiThis book reconsiders Keynes's The General Theory of Employment, Interest and Money and establishes a new interpretation. In contrast to the existing models, this book finds that the stickiness in the nominal wage is not crucial for his theory. Moreover, the author has also succeeds in capturing the concept of liquidity in a rigorous mathematical model. In conjunction with the development of the concept of liquidity, the separation of the decision between savings and capital investment, which plays a key role in the principle of effective demand and denies Say's law, is exactly and originally formulated. The theory thus developed is applicable to elucidating some serious political economic causes that entrap the long-stagnated Japanese economy. For example, an analytical explanation is provided about why disinflation/deflation incessantly progresses despite the exorbitant expansionary monetary policy (ijigen kin-yuu seisaku) by the Bank of Japan. This phenomenon is an unsolvable question from the quantity-theoretic approaches (e. g. , monetarism and new Keynesianism) which, although they differ in assumptions concerning the length of adjustment periods, commonly assume that the price level sooner or later rises in proportion to the quantity of money. Owing much to Keynes, the author's approach considers that the price level is mainly governed by its marginal prime cost which is equal to the nominal wage as a first approximation. As such, the drastically sagging wages during the past 10 years provoke serious disinflation/deflation. It should be noted that this discussion never depends on the quantity of money.
Keynes's Theoretical Development: From the Tract to the General Theory (Routledge Studies in the History of Economics)
by Toshiaki HiraiComprehensive and authoritative, this book, written by a recognized authority on the subject explores the contributions to modern economics by John Maynard Keynes and addresses neglected, yet crucial aspects of the genesis of Keynesian economics. In this book, the author elucidates Keynes’ development as an economic theoretician through an examination of his books, articles, various manuscripts, lecture notes and controversial correspondence. Departing from a narrative account and analyzing processes of theory-building and re-building which constitute Keynes’s intellectual journey from the Tract to the General Theory, this volume shows Keynes’ theoretical development as a theoretical hypothesis. An excellent exposition of Keynes’ contribution, this is a valuable addition to the bookshelves of all to students and researchers interested in Keynes and more widely the history of economic thought and macroeconomics.
Keynes's Vision: Why the Great Depression did not Return (Routledge Studies In The History Of Economics Ser. #Vol. 90)
by John Philip JonesJohn Maynard Keynes was the most influential economist of the 20th Century, whose doctrines had a huge impact on American prosperity in the years following the Second World War. This new book by John Philip Jones describes the main features of Keynes's work, including the fiscal and monetary policies he recommended, together with a detailed trackin
The keys of success for MLM: The keys of success
by Vicente Cuenca"There is no riskier thing than not to take risk" A year ago, I was interviewing Mr. Francisco Javier Lopez Navarro, founding president of the international institute of Self- Employment. He is a successful entrepreneur, yet he wanted to know to improve his work. I was very surprised that this man came to me, since his company
Keys to a Successful Retirement: Staying Happy, Active, and Productive in Your Retired Years
by Fritz GilbertYou're finally retired! Learn how to make these the best years of your life. Congrats on your retirement! But now what will you do with all that free time? With Keys to a Successful Retirement, you'll discover everything you need to know to get your retired years off to a great start. Covering topics like finances, embracing your passions, and dealing with feelings of aimlessness, grief, and depression that may crop up, this in-depth guide to retired living answers all the burning questions you want to ask—as well as those you're afraid to. Take a complete look at your newfound freedom and explore what it really means to have a successful retirement. This in-depth guide includes: Essential basics—Make sure you're retirement ready with advice for managing your savings, dealing with healthcare, staying fit, and more. Handling tough times—Dig into the more challenging aspects of retirement, like how to best handle the effects it can have on your mental health. Be your own boss—Get guidance that teaches you how to decide what you want your retirement to be and how you can lean into the things that you love. An exciting new chapter of your life is starting—get a helping hand ensuring it's the best it can be!
Keys to College Success
by Carol Carter; Sarah Lyman KravitsPersonalized Learning with My Student Success Lab; College Connection to Career and Life Goals; Thinking Skills coverage; Tailored to the four-year program experience.
Keys to Governance: Strategic Leadership for Quality of Life
by Yılmaz ArgüdenGood governance is key to the sustainability of organizations and improving quality of life for all. Governance is much more than a set of rules, it is a culture and a climate of responsibility, accountability and fairness that is deployed throughout an institution. In this new book the author outlines the keys to good governance.
Keys to Investing In Real Estate
by Jack P. Friedman Jack C. HarrisThe authors give detailed advice on buying, selling, and operating residential rental and commercial real estate to achieve cash flow, income, tax shelter, and appreciation value. Leasing information and exercising leverage through borrowing are included. Titles in the popular" Business Keys" series are written for non-professionals. They take the mystery out of finance and investment, and offer advice on money management to ordinary consumers. Using non-technical language, these books offer up-to-date information on a wide range of money matters." Business Keys" titles are regularly updated to reflect the most current market conditions and business innovations Jack P. Friedman is a real estate appraiser and consultant in Dallas, Texas. Jack C. Harris is a research economist at the Real Estate Center of Texas A&M University. Friedman and Harris are the authors of Keys to Buying a Foreclosed Home, Kees to Mortgage Financing and Refinancing, and Keys to Purchasing a Condo or Co-op.
The Keys to Success in Management (Routledge Revivals)
by Henry KyambalesaFirst published in 1998, this volume is designed to explore the requisite knowledge, skills and drive which both prospective and practising managers need to possess in order to discharge the duties of the managerial job in an effective manner, as well as contribute meaningfully to the long-term success and survival of their organisations. In other words, the book is an exposition of the "dos and don’ts" and the "nuts and bolts" of the managerial world. To make the book more useful to the reader, management theory and practice are simultaneously discussed, and a glossary of important management terms and concepts used in the text is provided toward the end of the book.
The Keys to the Boardroom: How to Get There and How to Stay There
by Jo HaighReaching the boardroom is the aspiration of most managers, but only a few achieve this goal. At the same time the directors' role is under greater scrutiny than ever before with statutory regulations on how directors have to behave and on-going discussions on the numbers of female directors.The Keys to the Boardroom will provide a map to the boardroom and help you to stay there. Jo Haigh has over 25 years' experience as a director and non-executive director and she explains in practical terms the purpose of a board and the skills you need to get you there. She is the Winner of The Sunday Times Non-Executive Director of the Year award. Full of real life examples and international perspectives, it will show you how to deal with the boardroom dynamics, politics and prejudices that all directors face at some time in their career."This down to earth and personalised account of what makes a good Director is a must read for those aspiring to the post and those new to the role." James Caan"Jo Haigh is right on target with her analysis and explanations of the Boardroom. A great book for those who want to push their careers to the highest level..." John Devaney Chairman Cobham Plc, Chairman National Air Traffic Services"If you really want to get to grips with what being a Director means in the 21st Century this is a must read..." Lord Smith of Kelvin"Jo Haigh is quite simply world class in this space." Steve Gilroy, Chief Executive at Visage, the World's largest CEO network
The Keys to the Boardroom: How to Get There and How to Stay There
by Jo HaighReaching the boardroom is the aspiration of most managers, but only a few achieve this goal. At the same time the directors' role is under greater scrutiny than ever before with statutory regulations on how directors have to behave and on-going discussions on the numbers of female directors.The Keys to the Boardroom will provide a map to the boardroom and help you to stay there. Jo Haigh has over 25 years' experience as a director and non-executive director and she explains in practical terms the purpose of a board and the skills you need to get you there. She is the Winner of The Sunday Times Non-Executive Director of the Year award. Full of real life examples and international perspectives, it will show you how to deal with the boardroom dynamics, politics and prejudices that all directors face at some time in their career."This down to earth and personalised account of what makes a good Director is a must read for those aspiring to the post and those new to the role." James Caan"Jo Haigh is right on target with her analysis and explanations of the Boardroom. A great book for those who want to push their careers to the highest level..." John Devaney Chairman Cobham Plc, Chairman National Air Traffic Services"If you really want to get to grips with what being a Director means in the 21st Century this is a must read..." Lord Smith of Kelvin"Jo Haigh is quite simply world class in this space." Steve Gilroy, Chief Executive at Visage, the World's largest CEO network
Keys to the City: How Economics, Institutions, Social Interaction, and Politics Shape Development
by Michael StorperWhy do some cities grow economically while others decline? Why do some show sustained economic performance while others cycle up and down? In Keys to the City, Michael Storper, one of the world's leading economic geographers, looks at why we should consider economic development issues within a regional context--at the level of the city-region--and why city economies develop unequally. Storper identifies four contexts that shape urban economic development: economic, institutional, innovational and interactional, and political. The book explores how these contexts operate and how they interact, leading to developmental success in some regions and failure in others. Demonstrating that the global economy is increasingly driven by its major cities, the keys to the city are the keys to global development. In his conclusion, Storper specifies eight rules of economic development targeted at policymakers. Keys to the City explains why economists, sociologists, and political scientists should take geography seriously.