Keynes's Monetary Theory: A Different Interpretation

Allan H. Meltzer.

ISBN 10: 0521306159 / ISBN 13: 9780521306157

Published by Cambridge University Press/Cambridge, 1988

About this Item

321+ pp. Book/dust jacket condition: NF (light soiling to boards; occasional pencil annotation throughout; previous owner's name in ink to ffep)/na missing?). 1st/First Edition, 1st/First Printing (FP). All orders are processed and shipped from MI or WI, USA. Seller Inventory # 005068

Bibliographic Details

Title: Keynes's Monetary Theory: A Different ...

Publisher: Cambridge University Press/Cambridge

Publication Date: 1988

Binding: Hardcover

Condition: Near Fine

Edition: 1st Edition

About this title

Synopsis:

In this rigorous study of John Maynard Keynes's views on economic theory and policy from 1920-1946, Professor Meltzer argues that some of Keynes's main ideas have been ignored or misstated. While attention has focused on short-term countercyclical policies, the main policy implications have been neglected. Keynes placed great emphasis on rules, predictability, and reduction of uncertainty. In keeping with his theoretical work, he opposed discretionary fiscal changes and favored rules to reduce instability and increase the capital stock. These policies are consistent with, and provide evidence for, the interpretation of Keynes's theory developed here.

Book Description:

In this rigorous 1989 study of John Maynard Keynes's views on economic theory and policy from 1920-46, Professor Meltzer argues that some of Keynes's main ideas have been ignored or misstated. While attention has focused on short-term countercyclical policies, the main policy implications have been neglected. Keynes placed great emphasis on rules, predictability, and reduction of uncertainty.