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The Keynesian Revolution and Its Critics: Issues of Theory and Policy for the Monetary Production Economy - Hardcover
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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- PublisherPalgrave Macmillan
- Publication date1987
- ISBN 10 0312452608
- ISBN 13 9780312452605
- BindingHardcover
- Number of pages348
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