The Keynesian Revolution and Its Critics: Issues of Theory and Policy for the Monetary Production Economy

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9780312452605: The Keynesian Revolution and Its Critics: Issues of Theory and Policy for the Monetary Production Economy
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Arguably the single most influential work of economics of the 20th century was John Maynard Keynes' "The General Theory of Employment, Interest and Money". In this text Keynes set out his revolutionary new theory of the macroeconomy, in which the equilibrium level of output and employment was made a function of the level of effective demand. The practical effect of this theory was to provide a rationale for the policy measures to relieve unemployment which were then being advocated among economists. This study examines in detail the pioneering economic work and attempts to explain, with constant reference to the original sources, the complexity of Keynes' theories and the critical response they evoked.

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9781349087389: The Keynesian Revolution and its Critics: Issues of Theory and Policy for the Monetary Production Economy

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ISBN 10:  1349087386 ISBN 13:  9781349087389
Publisher: Palgrave Macmillan, 1987
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Macmillan, 1987
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