Understanding Keynes' general theory:
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
New York [u.a.]
Palgrave Macmillan
2009
|
| Edition: | 1. publ. |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | XIV, 298 S. graph. Darst. |
| ISBN: | 9780230220133 0230220134 |
Staff View
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| adam_text | Contents
List of Tables and Diagrams
xi
Preface
xiii
1
A Primer for the General Theory
1
a) Why should you read this book?
1
b) Outline of the book
4
2
Classical Macroeconomic Theory: The Special Case
9
a) Introduction
9
b) The classical theory of interest and employment
10
c) The classical theory of money and prices
21
d) Keynes versus the classics revisited
26
e) Causal maps of the classical theory
28
f) Summary
30
Appendix Keynes Critique of the Classical Quantity
Theories of Money and Prices
32
3
Aggregate Effective Demand
36
a) Introduction
36
b) Units of measurement and key definitions
37
c) The aggregate supply price and function
40
d) The aggregate demand function
46
e) Aggregate effective demand
47
f) A causal map of the General Theory model
-
The story
so far
51
g) Summary
53
Appendix A Criticisms of Aggregate Effective Demand
55
Appendix
B
Post-Keynesian Comments on Keynes
Treatment of Short-Term Expectations
63
4
The Propensity to Consume and the Multiplier
66
a) Introduction
66
b) A
theory of aggregate consumption
67
c) Other influences on the propensity to consume
71
d) The investment and employment multipliers
78
viii Contents
e)
The propensity to save
81
f) Summary
86
Appendix Some Comments on Keynes Treatment of
the Propensity to Consume
88
5
Consumption and Effective Demand
92
a) Introduction
92
b) Consumption and the aggregate demand function
92
c) The consumption function and aggregate effective
demand
98
d) The Paradox of Thrift
102
e) A
causal map of the General Theory model
104
f) Summary
106
Appendix Keynes and the Under-Consumptionists
108
6
The Practical Theory of the Future
112
a) Introduction
112
b) The calculus of probability and Keynes critique
113
c) Keynes practical theory of the future and the state of
long-term expectation
115
d) Calculations on organised investment markets
117
e) Animal spirits
119
f) Summary
121
7
The Inducement to Invest
-
A Theory of Investment
122
a) Introduction
122
b) Aggregate investment
-
Further clarification
123
c) The schedule of the marginal efficiency of capital
127
d) Other influences on the marginal efficiency of capital
131
e) The liquidity preference theory of the rate of interest
133
f) Implications for the classical loanable funds theory
144
g) The theory of fixed investment spending
146
h) Summary
149
Appendix A Post-Keynesian Criticisms of the
Marginal Efficiency of Capital Schedule
151
Appendix
В
Why is the Money Rate of Interest the
Most Significant?
155
8
Fluctuations in the Inducement to Invest
159
a) Introduction
159
b) A
weakening of the inducement to invest
159
c) A
strengthening of the inducement to invest
162
Contents ix
d)
Aggregate
effective
demand revisited
164
e) A
causal map of the General Theory model
168
f) Summary
171
9
Money Wages, Employment and Effective Demand
172
a) Introduction
172
b) Keynes attitude to money wage cuts prior to the
General Theory
173
c) The General Theory model and money wage cuts
176
d) A numerical and diagrammatic illustration of Keynes
arguments
185
e) Wage cutting versus expansionary monetary policy
189
f) Summary
193
10
Prices and Real Wages
195
a) Introduction
195
b) Keynes theory of prices and inflation
197
c) Real wages and the classical postulates
203
d) Keynes and the classics revisited
-
the stimulation of
employment
206
e) A
causal map of the General Theory model
208
f) Summary
210
11
Employment and Unemployment
212
a) Introduction
212
b) The employment function
213
c) The elasticity of employment
218
d) The unemployment equilibrium
220
e) A
causal map of the General Theory model
226
f) Summary
227
Appendix Analysing Unemployment
-
A Shifting
Equilibrium Concept
229
12
Public Policy Implications
232
a) Introduction
232
b) Curing a depression
234
c) Preventing wartime inflation and financing the war
effort
246
d) Promoting stability and prosperity in the long run
249
e) The implications of Keynes policy prescriptions
258
f) Summary
261
Appendix Further Comments on Public Policy
264
χ
Contents
13
The Classics, Keynes and the Keynesian Mainstream
266
a) Introduction
266
b) The classical macroeconomic analysis
266
c) Keynes macroeconomic theory and policy
269
d) The contribution of the Keynesian mainstream
273
Notes
279
Bibliography
289
Index
295
|
| adam_txt |
Contents
List of Tables and Diagrams
xi
Preface
xiii
1
A Primer for the General Theory
1
a) Why should you read this book?
1
b) Outline of the book
4
2
Classical Macroeconomic Theory: The Special Case
9
a) Introduction
9
b) The classical theory of interest and employment
10
c) The classical theory of money and prices
21
d) Keynes versus the classics revisited
26
e) Causal maps of the classical theory
28
f) Summary
30
Appendix Keynes' Critique of the Classical Quantity
Theories of Money and Prices
32
3
Aggregate Effective Demand
36
a) Introduction
36
b) Units of measurement and key definitions
37
c) The aggregate supply price and function
40
d) The aggregate demand function
46
e) Aggregate effective demand
47
f) A causal map of the General Theory model
-
The story
so far
51
g) Summary
53
Appendix A Criticisms of Aggregate Effective Demand
55
Appendix
B
Post-Keynesian Comments on Keynes'
Treatment of Short-Term Expectations
63
4
The Propensity to Consume and the Multiplier
66
a) Introduction
66
b) A
theory of aggregate consumption
67
c) Other influences on the propensity to consume
71
d) The investment and employment multipliers
78
viii Contents
e)
The propensity to save
81
f) Summary
86
Appendix Some Comments on Keynes' Treatment of
the Propensity to Consume
88
5
Consumption and Effective Demand
92
a) Introduction
92
b) Consumption and the aggregate demand function
92
c) The consumption function and aggregate effective
demand
98
d) The Paradox of Thrift
102
e) A
causal map of the General Theory model
104
f) Summary
106
Appendix Keynes and the Under-Consumptionists
108
6
The Practical Theory of the Future
112
a) Introduction
112
b) The calculus of probability and Keynes' critique
113
c) Keynes' practical theory of the future and the state of
long-term expectation
115
d) Calculations on organised 'investment' markets
117
e) Animal spirits
119
f) Summary
121
7
The Inducement to Invest
-
A Theory of Investment
122
a) Introduction
122
b) Aggregate investment
-
Further clarification
123
c) The schedule of the marginal efficiency of capital
127
d) Other influences on the marginal efficiency of capital
131
e) The liquidity preference theory of the rate of interest
133
f) Implications for the classical loanable funds theory
144
g) The theory of fixed investment spending
146
h) Summary
149
Appendix A Post-Keynesian Criticisms of the
Marginal Efficiency of Capital Schedule
151
Appendix
В
Why is the Money Rate of Interest the
Most Significant?
155
8
Fluctuations in the Inducement to Invest
159
a) Introduction
159
b) A
weakening of the inducement to invest
159
c) A
strengthening of the inducement to invest
162
Contents ix
d)
Aggregate
effective
demand revisited
164
e) A
causal map of the General Theory model
168
f) Summary
171
9
Money Wages, Employment and Effective Demand
172
a) Introduction
172
b) Keynes' attitude to money wage cuts prior to the
General Theory
173
c) The General Theory model and money wage cuts
176
d) A numerical and diagrammatic illustration of Keynes'
arguments
185
e) Wage cutting versus expansionary monetary policy
189
f) Summary
193
10
Prices and Real Wages
195
a) Introduction
195
b) Keynes' theory of prices and inflation
197
c) Real wages and the classical postulates
203
d) Keynes and the classics revisited
-
the stimulation of
employment
206
e) A
causal map of the General Theory model
208
f) Summary
210
11
Employment and Unemployment
212
a) Introduction
212
b) The employment function
213
c) The elasticity of employment
218
d) The unemployment equilibrium
220
e) A
causal map of the General Theory model
226
f) Summary
227
Appendix Analysing Unemployment
-
A Shifting
Equilibrium Concept
229
12
Public Policy Implications
232
a) Introduction
232
b) Curing a depression
234
c) Preventing wartime inflation and financing the war
effort
246
d) Promoting stability and prosperity in the long run
249
e) The implications of Keynes' policy prescriptions
258
f) Summary
261
Appendix Further Comments on Public Policy
264
χ
Contents
13
The Classics, Keynes and the Keynesian Mainstream
266
a) Introduction
266
b) The classical macroeconomic analysis
266
c) Keynes' macroeconomic theory and policy
269
d) The contribution of the Keynesian mainstream
273
Notes
279
Bibliography
289
Index
295 |
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| index_date | 2024-07-02T23:00:34Z |
| indexdate | 2024-07-09T21:27:01Z |
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| isbn | 9780230220133 0230220134 |
| language | English |
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| spelling | Sheehan, Brendan 1957- Verfasser (DE-588)137282966 aut Understanding Keynes' general theory Brendan Sheehan 1. publ. New York [u.a.] Palgrave Macmillan 2009 XIV, 298 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Keynes, John Maynard 1883-1946 General theory of employment, interest and money (DE-588)4099264-0 gnd rswk-swf Keynesian economics Keynessche Theorie (DE-588)4030426-7 gnd rswk-swf Makroökonomisches Modell (DE-588)4074486-3 gnd rswk-swf (DE-588)4151278-9 Einführung gnd-content Keynessche Theorie (DE-588)4030426-7 s DE-188 Keynes, John Maynard 1883-1946 General theory of employment, interest and money (DE-588)4099264-0 u Makroökonomisches Modell (DE-588)4074486-3 s Digitalisierung UB Bayreuth application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016994540&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Sheehan, Brendan 1957- Understanding Keynes' general theory Keynes, John Maynard 1883-1946 General theory of employment, interest and money (DE-588)4099264-0 gnd Keynesian economics Keynessche Theorie (DE-588)4030426-7 gnd Makroökonomisches Modell (DE-588)4074486-3 gnd |
| subject_GND | (DE-588)4099264-0 (DE-588)4030426-7 (DE-588)4074486-3 (DE-588)4151278-9 |
| title | Understanding Keynes' general theory |
| title_auth | Understanding Keynes' general theory |
| title_exact_search | Understanding Keynes' general theory |
| title_exact_search_txtP | Understanding Keynes' general theory |
| title_full | Understanding Keynes' general theory Brendan Sheehan |
| title_fullStr | Understanding Keynes' general theory Brendan Sheehan |
| title_full_unstemmed | Understanding Keynes' general theory Brendan Sheehan |
| title_short | Understanding Keynes' general theory |
| title_sort | understanding keynes general theory |
| topic | Keynes, John Maynard 1883-1946 General theory of employment, interest and money (DE-588)4099264-0 gnd Keynesian economics Keynessche Theorie (DE-588)4030426-7 gnd Makroökonomisches Modell (DE-588)4074486-3 gnd |
| topic_facet | Keynes, John Maynard 1883-1946 General theory of employment, interest and money Keynesian economics Keynessche Theorie Makroökonomisches Modell Einführung |
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