Home > Business & Economics > Economics > Economic history > Essays on Political Economy Volume III: Keynes
7%
Essays on Political Economy Volume III: Keynes

Essays on Political Economy Volume III: Keynes

          
5
4
3
2
1

International Edition


Premium quality
Premium quality
Bookswagon upholds the quality by delivering untarnished books. Quality, services and satisfaction are everything for us!
Easy Return
Easy return
Not satisfied with this product! Keep it in original condition and packaging to avail easy return policy.
Certified product
Certified product
First impression is the last impression! Address the book’s certification page, ISBN, publisher’s name, copyright page and print quality.
Secure Checkout
Secure checkout
Security at its finest! Login, browse, purchase and pay, every step is safe and secured.
Money back guarantee
Money-back guarantee:
It’s all about customers! For any kind of bad experience with the product, get your actual amount back after returning the product.
On time delivery
On-time delivery
At your doorstep on time! Get this book delivered without any delay.
Quantity:
Add to Wishlist

About the Book

This volume contains six essays on Keynes' general theory: Chapter 1, Keynes on Economic Stagnation and Debt, explains how the failure of neoclassical economics to embrace Keynes' arguments with regard to the long-run tendency of the system to trend toward stagnation and to ignore the problems endemic in the economics of debt facilitated the adoption of economic policies in the United States that contributed to the economic, political, and social problems we face today. Chapter 2, Causality in Keynes' General Theory, explains the way in which Keynes' adoption of Marshall's ceteris-paribus, partial-equilibrium methodology combined with his realization that a) the rate of interest is determined by the supply and demand for money and b) employment, output, and income are determined by saving and investment as expectations adjust to the realized results that are achieved within the system as the system evolves through time makes it possible to establish the temporal order in which events must occur and that this makes a logically consistent, causal analysis of dynamic behavior pos-sible within the analytical framework developed by Keynes' throughout The General Theory. Chapter 3, Robertson versus Keynes and the Short-Period Problem of Saving, demonstrates that the only way to make sense out of Robertson's dynamic explanation of an increase in saving within the context of Keynes' general theory is to assume unit-elastic expectations with an instantaneous adjustment in the value of output produced. It is argued that Robertson IGNORED the effects of an increase in saving on expectations, prospective yields, and the demand for investment goods in his 1957 Lectures just as they have been ignored by economic policy makers over the past seventy or eighty years. Chapter 4, A Note on Robertson and Tsiang versus Keynes, demonstrates that Tsiang does not reconcile the Robertson/Keynes controversy in Robertson's favor in that Tsiang misspecified Keynes' demand for money function. It also demonstrates that both the liquidity preference and loanable funds theories as embodied in Tsiang's model assume that the rate of interest is a purely monetary phenomenon, determined solely by the supply and demand for the stock of money, not the flow of loanable funds. Finally, the fundamental difference between Robertson and Keynes as exemplified by Tsiang's analysis is seen to be that Robertson's method of analysis was descriptive and static while Keynes' method of analysis was causal and dynamic.Chapter 5, A Stock-Flow Model of Keynes' Theory of Interest, provides a formal model of Keynes' Liquidity-Preference theory of interest that draws a clear distinction between stocks and flows. This model is used to clarify the confusion that exists within the discipline of economics with regard to the issues that separated Robertson and Keynes Loanable-funds/Liquidity-Preference controversy. Robertson's misconceptions with regard to the nature of Keynes' theory of interest, and by extension those of Harry Johnson, Axel Leijonhufvud, George Horwich, Meir Kohn, Sho-Chieh Tsiang and others who have defended Robertson's arguments, are explained within the context of this model.Chapter 6, Mr. Keynes and the NeoClassics: A Reinterpretation, provides a model of Keynes' integration of monetary and value theory that incorporates the price of non-debt assets as well as the prices of consumption and investment goods is specified below. It is demonstrated that the Keynesian IS/LM model is a special (static) case of this model, and that the Marshallian roots of Keynes' model makes a causal analysis of dynamic behavior possible while the Walrasian roots of the neoclassical Keynesian model only allow for a description of dynamic behavior without explanation other than through the invocation of a mythical auctioneer.


Best Sellers



Product Details
  • ISBN-13: 9781655564222
  • Publisher: Independently Published
  • Publisher Imprint: Independently Published
  • Height: 216 mm
  • No of Pages: 250
  • Spine Width: 14 mm
  • Weight: 322 gr
  • ISBN-10: 1655564226
  • Publisher Date: 12 Jan 2020
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Sub Title: Keynes
  • Width: 140 mm


Similar Products

How would you rate your experience shopping for books on Bookswagon?

Add Photo
Add Photo

Customer Reviews

REVIEWS           
Click Here To Be The First to Review this Product
Essays on Political Economy Volume III: Keynes
Independently Published -
Essays on Political Economy Volume III: Keynes
Writing guidlines
We want to publish your review, so please:
  • keep your review on the product. Review's that defame author's character will be rejected.
  • Keep your review focused on the product.
  • Avoid writing about customer service. contact us instead if you have issue requiring immediate attention.
  • Refrain from mentioning competitors or the specific price you paid for the product.
  • Do not include any personally identifiable information, such as full names.

Essays on Political Economy Volume III: Keynes

Required fields are marked with *

Review Title*
Review
    Add Photo Add up to 6 photos
    Would you recommend this product to a friend?
    Tag this Book
    Read more
    Does your review contain spoilers?
    What type of reader best describes you?
    I agree to the terms & conditions
    You may receive emails regarding this submission. Any emails will include the ability to opt-out of future communications.

    CUSTOMER RATINGS AND REVIEWS AND QUESTIONS AND ANSWERS TERMS OF USE

    These Terms of Use govern your conduct associated with the Customer Ratings and Reviews and/or Questions and Answers service offered by Bookswagon (the "CRR Service").


    By submitting any content to Bookswagon, you guarantee that:
    • You are the sole author and owner of the intellectual property rights in the content;
    • All "moral rights" that you may have in such content have been voluntarily waived by you;
    • All content that you post is accurate;
    • You are at least 13 years old;
    • Use of the content you supply does not violate these Terms of Use and will not cause injury to any person or entity.
    You further agree that you may not submit any content:
    • That is known by you to be false, inaccurate or misleading;
    • That infringes any third party's copyright, patent, trademark, trade secret or other proprietary rights or rights of publicity or privacy;
    • That violates any law, statute, ordinance or regulation (including, but not limited to, those governing, consumer protection, unfair competition, anti-discrimination or false advertising);
    • That is, or may reasonably be considered to be, defamatory, libelous, hateful, racially or religiously biased or offensive, unlawfully threatening or unlawfully harassing to any individual, partnership or corporation;
    • For which you were compensated or granted any consideration by any unapproved third party;
    • That includes any information that references other websites, addresses, email addresses, contact information or phone numbers;
    • That contains any computer viruses, worms or other potentially damaging computer programs or files.
    You agree to indemnify and hold Bookswagon (and its officers, directors, agents, subsidiaries, joint ventures, employees and third-party service providers, including but not limited to Bazaarvoice, Inc.), harmless from all claims, demands, and damages (actual and consequential) of every kind and nature, known and unknown including reasonable attorneys' fees, arising out of a breach of your representations and warranties set forth above, or your violation of any law or the rights of a third party.


    For any content that you submit, you grant Bookswagon a perpetual, irrevocable, royalty-free, transferable right and license to use, copy, modify, delete in its entirety, adapt, publish, translate, create derivative works from and/or sell, transfer, and/or distribute such content and/or incorporate such content into any form, medium or technology throughout the world without compensation to you. Additionally,  Bookswagon may transfer or share any personal information that you submit with its third-party service providers, including but not limited to Bazaarvoice, Inc. in accordance with  Privacy Policy


    All content that you submit may be used at Bookswagon's sole discretion. Bookswagon reserves the right to change, condense, withhold publication, remove or delete any content on Bookswagon's website that Bookswagon deems, in its sole discretion, to violate the content guidelines or any other provision of these Terms of Use.  Bookswagon does not guarantee that you will have any recourse through Bookswagon to edit or delete any content you have submitted. Ratings and written comments are generally posted within two to four business days. However, Bookswagon reserves the right to remove or to refuse to post any submission to the extent authorized by law. You acknowledge that you, not Bookswagon, are responsible for the contents of your submission. None of the content that you submit shall be subject to any obligation of confidence on the part of Bookswagon, its agents, subsidiaries, affiliates, partners or third party service providers (including but not limited to Bazaarvoice, Inc.)and their respective directors, officers and employees.

    Accept

    New Arrivals



    Inspired by your browsing history


    Your review has been submitted!

    You've already reviewed this product!