Money and government: the past and future of economics
A critical examination of economics, past and future, and how it needs to change, by one of the most eminent political economists of our time. The dominant view in economics is that money and government should play only minor roles in economic life. Economic outcomes, it is claimed, are best left to...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
New Haven
Yale University Press
[2018]
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| Schlagworte: | |
| Zusammenfassung: | A critical examination of economics, past and future, and how it needs to change, by one of the most eminent political economists of our time. The dominant view in economics is that money and government should play only minor roles in economic life. Economic outcomes, it is claimed, are best left to the "invisible hand" of the market. Yet these claims remain staunchly unsettled. The view taken in this important new book is that the omnipresence of uncertainty makes money and government essential features of any market economy. Since Adam Smith, classical economics has espoused non-intervention in markets. The Great Depression brought Keynesian economics to the fore, but stagflation in the 1970s brought a return to small-state orthodoxy. The 2008 global financial crash should have brought a reevaluation of that stance; instead the response has been punishing austerity and anemic recovery. This book aims to reintroduce Keynes's central insights to a new generation of economists, and embolden them to return money and government to the starring roles in the economic drama that they deserve |
| Beschreibung: | XIX, 491 Seiten Illustrationen 25 cm |
| ISBN: | 9780300240320 0300240325 9780300248623 0300248628 |
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| 246 | 1 | 3 | |a Past and future of economics |
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| 505 | 8 | 0 | |t Unsettled Issues -- |t Culprits -- |t Brief Sketch of the Book -- |t Appendix 1.I: Ideas, Vested Interests and Cycles -- |t Mysteries of Money: A Short History -- |t Classical Dichotomy -- |t Origins of Money -- |t Value of Money -- |t Creditors and Debtors -- |t Origins of the Quantity Theory of Money -- |t Demand for Money -- |t Money, the Great Deceiver -- |t Conclusion -- |t Fight for the Gold Standard -- |t Prelude to the Gold Standard: the British Recoinage Debate of the 1690s -- |t Nineteenth-century Monetary Debates: An Overview -- |t Bullionists versus the 'Real Bills' Doctrine -- |t Currency School versus Banking School -- |t Bimetallism -- |t How Did the Gold Standard Actually Work? -- |t Quantity Theory of Money: From History to Science -- |t Quantity Theory of Money: The Two Branches -- |t Fisher's Santa Claus -- |t Knut Wicksell's Credit Money version of the QTM -- |t Was Wicksell a Quantity Theorist? -- |t Conclusion -- |t Appendix 3.1: Fisher's Equation -- |t Theories of the Fertile and Barren State -- |t Introduction -- |t Fertile State of the Mercantilists -- |t Wasteful State of the Political Economists -- |t Victorian Fiscal Constitution -- |t Persistence of Mercantilism -- |t Conclusion -- |t Keynes's Intervention -- |t Trouble with Money -- |t Problem with Fiscal Policy -- |t Macmillan Committee -- |t General Theory of Employment, Interest, and Money -- |t Policy Implications -- |t Conclusion -- |t Appendix 5.1: Contrast Between the Classical and Keynesian Models -- |t Appendix 5.2.: The Fiscal Multiplier -- |
| 505 | 8 | 0 | |t Keynesian Ascendancy -- |t Keynesianism Ascendant -- |t Full Employment Keynesianism: 1945-60 -- |t Growth Keynesianism: 1960-70 -- |t Reasons for the Strength of the Boom -- |t Stagflation Keynesianism: 1970-76 -- |t Great Britain: the End of the Keynesian Road -- |t Theory and Practice of Monetarism -- |t Keynes and the Classics -- |t Neo-classical Synthesis -- |t Emergence of the Counter-orthodoxy -- |t Monetarism -- |t Monetarist Experiment: 1976-85 -- |t Monetarism's Fiscal Legacy -- |t From Friedman to the New Consensus: 1985-2008 -- |t Conclusion -- |t Appendix 7.1: IS/LM, the Keynesian Teaching Tool -- |t Appendix 7.2.: The Modelling of Expectations -- |t Appendix 7.3: The Central Bank Reaction Function -- |t Disablement of Fiscal Policy -- |t Fiscal Crisis of the State -- |t British Debate -- |t Austerity: A Comparative Assessment -- |t Conclusion -- |t Appendix 8.1: Monetary Financing of the Deficit -- |t New Monetarism -- |t Pre-crash Monetary Orthodoxy -- |t Why Quantitative Easing? -- |t Quantitative Easing Programmes, 2008-16 -- |t How was QE Meant to Work? 258 -- |t Assessment -- |t Conclusion -- |t Appendix 9.1: A Note on Tim Congdon -- |t Distribution as a Macroeconomic Problem -- |t Indifference of Mainstream Theory to Inequality -- |t Microeconomics of Distribution -- |t Distribution and the Macroeconomy -- |t Modern Under-consumptionist Story 298 -- |t Conclusion -- |t What Was Wrong with the Banks? -- |t Pre-crash Orthodoxy -- |t Theory -- |t Understanding Banking: Some Essential Terms -- |t Loosening the Regulatory Noose -- |
| 505 | 8 | 0 | |t Financial Innovation -- |t Conclusion -- |t Appendix 11.1: Why Didn't the Credit Ratings Agencies Do Their Job? -- |t Global Imbalances -- |t Introduction -- |t Pre-crash Bird's-eye View -- |t Some Basic Theory -- |t Current Account Imbalances as a Cause of Meltdown? -- |t Saving Glut versus Money Glut -- |t Banking Imbalances -- |t Conclusion -- |t Reinventing Political Economy -- |
| 520 | 3 | |a A critical examination of economics, past and future, and how it needs to change, by one of the most eminent political economists of our time. The dominant view in economics is that money and government should play only minor roles in economic life. Economic outcomes, it is claimed, are best left to the "invisible hand" of the market. Yet these claims remain staunchly unsettled. The view taken in this important new book is that the omnipresence of uncertainty makes money and government essential features of any market economy. Since Adam Smith, classical economics has espoused non-intervention in markets. The Great Depression brought Keynesian economics to the fore, but stagflation in the 1970s brought a return to small-state orthodoxy. The 2008 global financial crash should have brought a reevaluation of that stance; instead the response has been punishing austerity and anemic recovery. This book aims to reintroduce Keynes's central insights to a new generation of economists, and embolden them to return money and government to the starring roles in the economic drama that they deserve | |
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Datensatz im Suchindex
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| author | Skidelsky, Robert Jacob Alexander 1939- |
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| author_facet | Skidelsky, Robert Jacob Alexander 1939- |
| author_role | aut |
| author_sort | Skidelsky, Robert Jacob Alexander 1939- |
| author_variant | r j a s rja rjas |
| building | Verbundindex |
| bvnumber | BV046631531 |
| contents | Unsettled Issues -- Culprits -- Brief Sketch of the Book -- Appendix 1.I: Ideas, Vested Interests and Cycles -- Mysteries of Money: A Short History -- Classical Dichotomy -- Origins of Money -- Value of Money -- Creditors and Debtors -- Origins of the Quantity Theory of Money -- Demand for Money -- Money, the Great Deceiver -- Conclusion -- Fight for the Gold Standard -- Prelude to the Gold Standard: the British Recoinage Debate of the 1690s -- Nineteenth-century Monetary Debates: An Overview -- Bullionists versus the 'Real Bills' Doctrine -- Currency School versus Banking School -- Bimetallism -- How Did the Gold Standard Actually Work? -- Quantity Theory of Money: From History to Science -- Quantity Theory of Money: The Two Branches -- Fisher's Santa Claus -- Knut Wicksell's Credit Money version of the QTM -- Was Wicksell a Quantity Theorist? -- Appendix 3.1: Fisher's Equation -- Theories of the Fertile and Barren State -- Introduction -- Fertile State of the Mercantilists -- Wasteful State of the Political Economists -- Victorian Fiscal Constitution -- Persistence of Mercantilism -- Keynes's Intervention -- Trouble with Money -- Problem with Fiscal Policy -- Macmillan Committee -- General Theory of Employment, Interest, and Money -- Policy Implications -- Appendix 5.1: Contrast Between the Classical and Keynesian Models -- Appendix 5.2.: The Fiscal Multiplier -- Keynesian Ascendancy -- Keynesianism Ascendant -- Full Employment Keynesianism: 1945-60 -- Growth Keynesianism: 1960-70 -- Reasons for the Strength of the Boom -- Stagflation Keynesianism: 1970-76 -- Great Britain: the End of the Keynesian Road -- Theory and Practice of Monetarism -- Keynes and the Classics -- Neo-classical Synthesis -- Emergence of the Counter-orthodoxy -- Monetarism -- Monetarist Experiment: 1976-85 -- Monetarism's Fiscal Legacy -- From Friedman to the New Consensus: 1985-2008 -- Appendix 7.1: IS/LM, the Keynesian Teaching Tool -- Appendix 7.2.: The Modelling of Expectations -- Appendix 7.3: The Central Bank Reaction Function -- Disablement of Fiscal Policy -- Fiscal Crisis of the State -- British Debate -- Austerity: A Comparative Assessment -- Appendix 8.1: Monetary Financing of the Deficit -- New Monetarism -- Pre-crash Monetary Orthodoxy -- Why Quantitative Easing? -- Quantitative Easing Programmes, 2008-16 -- How was QE Meant to Work? 258 -- Assessment -- Appendix 9.1: A Note on Tim Congdon -- Distribution as a Macroeconomic Problem -- Indifference of Mainstream Theory to Inequality -- Microeconomics of Distribution -- Distribution and the Macroeconomy -- Modern Under-consumptionist Story 298 -- What Was Wrong with the Banks? -- Pre-crash Orthodoxy -- Theory -- Understanding Banking: Some Essential Terms -- Loosening the Regulatory Noose -- Financial Innovation -- Appendix 11.1: Why Didn't the Credit Ratings Agencies Do Their Job? -- Global Imbalances -- Pre-crash Bird's-eye View -- Some Basic Theory -- Current Account Imbalances as a Cause of Meltdown? -- Saving Glut versus Money Glut -- Banking Imbalances -- Reinventing Political Economy -- |
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| id | DE-604.BV046631531 |
| illustrated | Illustrated |
| index_date | 2024-07-03T14:11:19Z |
| indexdate | 2024-07-10T08:49:45Z |
| institution | BVB |
| isbn | 9780300240320 0300240325 9780300248623 0300248628 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-032043060 |
| open_access_boolean | |
| owner | DE-M352 |
| owner_facet | DE-M352 |
| physical | XIX, 491 Seiten Illustrationen 25 cm |
| publishDate | 2018 |
| publishDateSearch | 2018 |
| publishDateSort | 2018 |
| publisher | Yale University Press |
| record_format | marc |
| spelling | Skidelsky, Robert Jacob Alexander 1939- Verfasser (DE-588)123798477 aut Money and government the past and future of economics Robert Skidelsky Past and future of economics New Haven Yale University Press [2018] XIX, 491 Seiten Illustrationen 25 cm txt rdacontent n rdamedia nc rdacarrier Unsettled Issues -- Culprits -- Brief Sketch of the Book -- Appendix 1.I: Ideas, Vested Interests and Cycles -- Mysteries of Money: A Short History -- Classical Dichotomy -- Origins of Money -- Value of Money -- Creditors and Debtors -- Origins of the Quantity Theory of Money -- Demand for Money -- Money, the Great Deceiver -- Conclusion -- Fight for the Gold Standard -- Prelude to the Gold Standard: the British Recoinage Debate of the 1690s -- Nineteenth-century Monetary Debates: An Overview -- Bullionists versus the 'Real Bills' Doctrine -- Currency School versus Banking School -- Bimetallism -- How Did the Gold Standard Actually Work? -- Quantity Theory of Money: From History to Science -- Quantity Theory of Money: The Two Branches -- Fisher's Santa Claus -- Knut Wicksell's Credit Money version of the QTM -- Was Wicksell a Quantity Theorist? -- Conclusion -- Appendix 3.1: Fisher's Equation -- Theories of the Fertile and Barren State -- Introduction -- Fertile State of the Mercantilists -- Wasteful State of the Political Economists -- Victorian Fiscal Constitution -- Persistence of Mercantilism -- Conclusion -- Keynes's Intervention -- Trouble with Money -- Problem with Fiscal Policy -- Macmillan Committee -- General Theory of Employment, Interest, and Money -- Policy Implications -- Conclusion -- Appendix 5.1: Contrast Between the Classical and Keynesian Models -- Appendix 5.2.: The Fiscal Multiplier -- Keynesian Ascendancy -- Keynesianism Ascendant -- Full Employment Keynesianism: 1945-60 -- Growth Keynesianism: 1960-70 -- Reasons for the Strength of the Boom -- Stagflation Keynesianism: 1970-76 -- Great Britain: the End of the Keynesian Road -- Theory and Practice of Monetarism -- Keynes and the Classics -- Neo-classical Synthesis -- Emergence of the Counter-orthodoxy -- Monetarism -- Monetarist Experiment: 1976-85 -- Monetarism's Fiscal Legacy -- From Friedman to the New Consensus: 1985-2008 -- Conclusion -- Appendix 7.1: IS/LM, the Keynesian Teaching Tool -- Appendix 7.2.: The Modelling of Expectations -- Appendix 7.3: The Central Bank Reaction Function -- Disablement of Fiscal Policy -- Fiscal Crisis of the State -- British Debate -- Austerity: A Comparative Assessment -- Conclusion -- Appendix 8.1: Monetary Financing of the Deficit -- New Monetarism -- Pre-crash Monetary Orthodoxy -- Why Quantitative Easing? -- Quantitative Easing Programmes, 2008-16 -- How was QE Meant to Work? 258 -- Assessment -- Conclusion -- Appendix 9.1: A Note on Tim Congdon -- Distribution as a Macroeconomic Problem -- Indifference of Mainstream Theory to Inequality -- Microeconomics of Distribution -- Distribution and the Macroeconomy -- Modern Under-consumptionist Story 298 -- Conclusion -- What Was Wrong with the Banks? -- Pre-crash Orthodoxy -- Theory -- Understanding Banking: Some Essential Terms -- Loosening the Regulatory Noose -- Financial Innovation -- Conclusion -- Appendix 11.1: Why Didn't the Credit Ratings Agencies Do Their Job? -- Global Imbalances -- Introduction -- Pre-crash Bird's-eye View -- Some Basic Theory -- Current Account Imbalances as a Cause of Meltdown? -- Saving Glut versus Money Glut -- Banking Imbalances -- Conclusion -- Reinventing Political Economy -- A critical examination of economics, past and future, and how it needs to change, by one of the most eminent political economists of our time. The dominant view in economics is that money and government should play only minor roles in economic life. Economic outcomes, it is claimed, are best left to the "invisible hand" of the market. Yet these claims remain staunchly unsettled. The view taken in this important new book is that the omnipresence of uncertainty makes money and government essential features of any market economy. Since Adam Smith, classical economics has espoused non-intervention in markets. The Great Depression brought Keynesian economics to the fore, but stagflation in the 1970s brought a return to small-state orthodoxy. The 2008 global financial crash should have brought a reevaluation of that stance; instead the response has been punishing austerity and anemic recovery. This book aims to reintroduce Keynes's central insights to a new generation of economists, and embolden them to return money and government to the starring roles in the economic drama that they deserve Makroökonomie (DE-588)4037174-8 gnd rswk-swf Wirtschaftspolitik (DE-588)4066493-4 gnd rswk-swf Macroeconomics Economic policy Economics Money Makroökonomie (DE-588)4037174-8 s Wirtschaftspolitik (DE-588)4066493-4 s 1\p DE-604 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Skidelsky, Robert Jacob Alexander 1939- Money and government the past and future of economics Unsettled Issues -- Culprits -- Brief Sketch of the Book -- Appendix 1.I: Ideas, Vested Interests and Cycles -- Mysteries of Money: A Short History -- Classical Dichotomy -- Origins of Money -- Value of Money -- Creditors and Debtors -- Origins of the Quantity Theory of Money -- Demand for Money -- Money, the Great Deceiver -- Conclusion -- Fight for the Gold Standard -- Prelude to the Gold Standard: the British Recoinage Debate of the 1690s -- Nineteenth-century Monetary Debates: An Overview -- Bullionists versus the 'Real Bills' Doctrine -- Currency School versus Banking School -- Bimetallism -- How Did the Gold Standard Actually Work? -- Quantity Theory of Money: From History to Science -- Quantity Theory of Money: The Two Branches -- Fisher's Santa Claus -- Knut Wicksell's Credit Money version of the QTM -- Was Wicksell a Quantity Theorist? -- Appendix 3.1: Fisher's Equation -- Theories of the Fertile and Barren State -- Introduction -- Fertile State of the Mercantilists -- Wasteful State of the Political Economists -- Victorian Fiscal Constitution -- Persistence of Mercantilism -- Keynes's Intervention -- Trouble with Money -- Problem with Fiscal Policy -- Macmillan Committee -- General Theory of Employment, Interest, and Money -- Policy Implications -- Appendix 5.1: Contrast Between the Classical and Keynesian Models -- Appendix 5.2.: The Fiscal Multiplier -- Keynesian Ascendancy -- Keynesianism Ascendant -- Full Employment Keynesianism: 1945-60 -- Growth Keynesianism: 1960-70 -- Reasons for the Strength of the Boom -- Stagflation Keynesianism: 1970-76 -- Great Britain: the End of the Keynesian Road -- Theory and Practice of Monetarism -- Keynes and the Classics -- Neo-classical Synthesis -- Emergence of the Counter-orthodoxy -- Monetarism -- Monetarist Experiment: 1976-85 -- Monetarism's Fiscal Legacy -- From Friedman to the New Consensus: 1985-2008 -- Appendix 7.1: IS/LM, the Keynesian Teaching Tool -- Appendix 7.2.: The Modelling of Expectations -- Appendix 7.3: The Central Bank Reaction Function -- Disablement of Fiscal Policy -- Fiscal Crisis of the State -- British Debate -- Austerity: A Comparative Assessment -- Appendix 8.1: Monetary Financing of the Deficit -- New Monetarism -- Pre-crash Monetary Orthodoxy -- Why Quantitative Easing? -- Quantitative Easing Programmes, 2008-16 -- How was QE Meant to Work? 258 -- Assessment -- Appendix 9.1: A Note on Tim Congdon -- Distribution as a Macroeconomic Problem -- Indifference of Mainstream Theory to Inequality -- Microeconomics of Distribution -- Distribution and the Macroeconomy -- Modern Under-consumptionist Story 298 -- What Was Wrong with the Banks? -- Pre-crash Orthodoxy -- Theory -- Understanding Banking: Some Essential Terms -- Loosening the Regulatory Noose -- Financial Innovation -- Appendix 11.1: Why Didn't the Credit Ratings Agencies Do Their Job? -- Global Imbalances -- Pre-crash Bird's-eye View -- Some Basic Theory -- Current Account Imbalances as a Cause of Meltdown? -- Saving Glut versus Money Glut -- Banking Imbalances -- Reinventing Political Economy -- Makroökonomie (DE-588)4037174-8 gnd Wirtschaftspolitik (DE-588)4066493-4 gnd |
| subject_GND | (DE-588)4037174-8 (DE-588)4066493-4 |
| title | Money and government the past and future of economics |
| title_alt | Past and future of economics Unsettled Issues -- Culprits -- Brief Sketch of the Book -- Appendix 1.I: Ideas, Vested Interests and Cycles -- Mysteries of Money: A Short History -- Classical Dichotomy -- Origins of Money -- Value of Money -- Creditors and Debtors -- Origins of the Quantity Theory of Money -- Demand for Money -- Money, the Great Deceiver -- Conclusion -- Fight for the Gold Standard -- Prelude to the Gold Standard: the British Recoinage Debate of the 1690s -- Nineteenth-century Monetary Debates: An Overview -- Bullionists versus the 'Real Bills' Doctrine -- Currency School versus Banking School -- Bimetallism -- How Did the Gold Standard Actually Work? -- Quantity Theory of Money: From History to Science -- Quantity Theory of Money: The Two Branches -- Fisher's Santa Claus -- Knut Wicksell's Credit Money version of the QTM -- Was Wicksell a Quantity Theorist? -- Appendix 3.1: Fisher's Equation -- Theories of the Fertile and Barren State -- Introduction -- Fertile State of the Mercantilists -- Wasteful State of the Political Economists -- Victorian Fiscal Constitution -- Persistence of Mercantilism -- Keynes's Intervention -- Trouble with Money -- Problem with Fiscal Policy -- Macmillan Committee -- General Theory of Employment, Interest, and Money -- Policy Implications -- Appendix 5.1: Contrast Between the Classical and Keynesian Models -- Appendix 5.2.: The Fiscal Multiplier -- Keynesian Ascendancy -- Keynesianism Ascendant -- Full Employment Keynesianism: 1945-60 -- Growth Keynesianism: 1960-70 -- Reasons for the Strength of the Boom -- Stagflation Keynesianism: 1970-76 -- Great Britain: the End of the Keynesian Road -- Theory and Practice of Monetarism -- Keynes and the Classics -- Neo-classical Synthesis -- Emergence of the Counter-orthodoxy -- Monetarism -- Monetarist Experiment: 1976-85 -- Monetarism's Fiscal Legacy -- From Friedman to the New Consensus: 1985-2008 -- Appendix 7.1: IS/LM, the Keynesian Teaching Tool -- Appendix 7.2.: The Modelling of Expectations -- Appendix 7.3: The Central Bank Reaction Function -- Disablement of Fiscal Policy -- Fiscal Crisis of the State -- British Debate -- Austerity: A Comparative Assessment -- Appendix 8.1: Monetary Financing of the Deficit -- New Monetarism -- Pre-crash Monetary Orthodoxy -- Why Quantitative Easing? -- Quantitative Easing Programmes, 2008-16 -- How was QE Meant to Work? 258 -- Assessment -- Appendix 9.1: A Note on Tim Congdon -- Distribution as a Macroeconomic Problem -- Indifference of Mainstream Theory to Inequality -- Microeconomics of Distribution -- Distribution and the Macroeconomy -- Modern Under-consumptionist Story 298 -- What Was Wrong with the Banks? -- Pre-crash Orthodoxy -- Theory -- Understanding Banking: Some Essential Terms -- Loosening the Regulatory Noose -- Financial Innovation -- Appendix 11.1: Why Didn't the Credit Ratings Agencies Do Their Job? -- Global Imbalances -- Pre-crash Bird's-eye View -- Some Basic Theory -- Current Account Imbalances as a Cause of Meltdown? -- Saving Glut versus Money Glut -- Banking Imbalances -- Reinventing Political Economy -- |
| title_auth | Money and government the past and future of economics |
| title_exact_search | Money and government the past and future of economics |
| title_exact_search_txtP | Money and government the past and future of economics |
| title_full | Money and government the past and future of economics Robert Skidelsky |
| title_fullStr | Money and government the past and future of economics Robert Skidelsky |
| title_full_unstemmed | Money and government the past and future of economics Robert Skidelsky |
| title_short | Money and government |
| title_sort | money and government the past and future of economics |
| title_sub | the past and future of economics |
| topic | Makroökonomie (DE-588)4037174-8 gnd Wirtschaftspolitik (DE-588)4066493-4 gnd |
| topic_facet | Makroökonomie Wirtschaftspolitik |
| work_keys_str_mv | AT skidelskyrobertjacobalexander moneyandgovernmentthepastandfutureofeconomics AT skidelskyrobertjacobalexander pastandfutureofeconomics |