Revisiting Keynes

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Revisiting Keynes

Author : Lorenzo Pecchi
Publisher : MIT Press
ISBN 13 : 0262515113
Total Pages : 229 pages
Book Rating : 4.2/5 (625 download)

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Book Synopsis Revisiting Keynes by : Lorenzo Pecchi

Download or read book Revisiting Keynes written by Lorenzo Pecchi and published by MIT Press. This book was released on 2010-08-13 with total page 229 pages. Available in PDF, EPUB and Kindle. Book excerpt: Leading economists revisit a provocative essay by John Maynard Keynes, debating Keynes's vision of growth, inequality, work, leisure, entrepreneurship, consumerism, and the search for happiness in the twenty-first century. In 1931 distinguished economist John Maynard Keynes published a short essay, “Economic Possibilities for Our Grandchildren,” in his collection Essays in Persuasion. In the essay, he expressed optimism for the economic future despite the doldrums of the post-World War I years and the onset of the Great Depression. Keynes imagined that by 2030 the standard of living would be dramatically higher; people, liberated from want (and without the desire to consume for the sake of consumption), would work no more than fifteen hours a week, devoting the rest of their time to leisure and culture. In Revisiting Keynes, leading contemporary economists consider what Keynes got right in his essay—the rise in the standard of living, for example—and what he got wrong—such as a shortened work week and consumer satiation. In so doing, they raise challenging questions about the world economy and contemporary lifestyles in the twenty-first century. The contributors—among them, four Nobel laureates in economics—point out that although Keynes correctly predicted economic growth, he neglected the problems of distribution and inequality. Keynes overestimated the desire of people to stop working and underestimated the pleasures and rewards of work—perhaps basing his idea of “economic bliss” on the life of the English gentleman or the ideals of his Bloomsbury group friends. In Revisiting Keynes, Keynes's short essay—usually seen as a minor divertissement compared to his other more influential works—becomes the catalyst for a lively debate among some of today's top economists about economic growth, inequality, wealth, work, leisure, culture, and consumerism. Contributors William J. Baumol, Leonardo Becchetti, Gary S. Becker, Michele Boldrin, Jean-Paul Fitoussi, Robert H. Frank, Richard B. Freeman, Benjamin M. Friedman, Axel Leijonhufvud, David K. Levine, Lee E. Ohanian, Edmund S. Phelps, Luis Rayo, Robert Solow, Joseph E. Stiglitz, Fabrizio Zilibotti

Rethinking the Keynesian Revolution

Author : Tyler Beck Goodspeed
Publisher : Oxford University Press
ISBN 13 : 019994279X
Total Pages : 216 pages
Book Rating : 4.1/5 (999 download)

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Book Synopsis Rethinking the Keynesian Revolution by : Tyler Beck Goodspeed

Download or read book Rethinking the Keynesian Revolution written by Tyler Beck Goodspeed and published by Oxford University Press. This book was released on 2012-06-04 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: While standard accounts of the 1930s debates surrounding economic thought pit John Maynard Keynes against Friedrich von Hayek in a clash of ideology, this reflexive dichotomy is in many respects superficial. It is the argument of this book that both Keynes and Hayek developed their respective theories of the business cycle within the tradition of Swedish economist Knut Wicksell, and that this shared genealogy manifested itself in significant theoretical affinities between the two supposed antagonists. The salient features of Wicksell's work, namely the importance of money, the role of uncertainty, coordination failures, and the element of time in capital accumulation, all motivated the Keynesian and Hayekian theories of economic fluctuations. They also contributed to a fundamental convergence between the two economists during the 1930s. This shared, "Wicksellian" vision of economic problems points to a very different research agenda from that of the Walrasian-style, general equilibrium analysis that has dominated postwar macroeconomics. This book will appeal to economists interested in historical perspective of their discipline, as well as historians of economic thought. The author not only deconstructs some of the historical misconceptions of the Keynes versus Hayek debate, but also suggests how the insights uncovered can inform and instruct modern theory. While much of the analysis is technical, it does not assume previous knowledge of 1930s economic theory, and should be accessible to academics and graduate students with general economics training.

The General Theory of Employment, Interest, and Money

Author : John Maynard Keynes
Publisher : Springer
ISBN 13 : 3319703447
Total Pages : 404 pages
Book Rating : 4.3/5 (197 download)

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Book Synopsis The General Theory of Employment, Interest, and Money by : John Maynard Keynes

Download or read book The General Theory of Employment, Interest, and Money written by John Maynard Keynes and published by Springer. This book was released on 2018-07-20 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book was originally published by Macmillan in 1936. It was voted the top Academic Book that Shaped Modern Britain by Academic Book Week (UK) in 2017, and in 2011 was placed on Time Magazine's top 100 non-fiction books written in English since 1923. Reissued with a fresh Introduction by the Nobel-prize winner Paul Krugman and a new Afterword by Keynes’ biographer Robert Skidelsky, this important work is made available to a new generation. The General Theory of Employment, Interest and Money transformed economics and changed the face of modern macroeconomics. Keynes’ argument is based on the idea that the level of employment is not determined by the price of labour, but by the spending of money. It gave way to an entirely new approach where employment, inflation and the market economy are concerned. Highly provocative at its time of publication, this book and Keynes’ theories continue to remain the subject of much support and praise, criticism and debate. Economists at any stage in their career will enjoy revisiting this treatise and observing the relevance of Keynes’ work in today’s contemporary climate.

The Collected Writings of John Maynard Keynes: Activities 1929-1931, Rethinking employmen and unemployment policies

Author : John Maynard Keynes
Publisher :
ISBN 13 :
Total Pages : 690 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis The Collected Writings of John Maynard Keynes: Activities 1929-1931, Rethinking employmen and unemployment policies by : John Maynard Keynes

Download or read book The Collected Writings of John Maynard Keynes: Activities 1929-1931, Rethinking employmen and unemployment policies written by John Maynard Keynes and published by . This book was released on 1971 with total page 690 pages. Available in PDF, EPUB and Kindle. Book excerpt:

On the Foundations of Happiness in Economics

Author : Maurizio Pugno
Publisher : Routledge
ISBN 13 : 1317560841
Total Pages : 263 pages
Book Rating : 4.3/5 (175 download)

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Book Synopsis On the Foundations of Happiness in Economics by : Maurizio Pugno

Download or read book On the Foundations of Happiness in Economics written by Maurizio Pugno and published by Routledge. This book was released on 2016-05-20 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic growth has extraordinarily increased the availability of market goods to satisfy people’s need for comfort, but at the same time it has also raised great challenges to their working and family life. Will people learn the skill necessary to cope with these challenges and draw full enjoyment from economic growth? On the Foundations of Happiness in Economics explores this question by examining the work of Tibor Scitovsky, author of The Joyless Economy. Given the recent rise of behavioural economics and happiness economics, this book aims to show how far ahead of his time Scitovsky was in his work on individual welfare (or wellbeing). It traces the evolution of Scitovsky’s original thought, arguing that he has been frequently misunderstood, before undertaking formal analysis in order to demonstrate how far his work anticipated or even went beyond the recent advances in economics. This volume also explores Scitovsky’s work in the context of Keynes’ work on wellbeing, offering a new perspective on welfare in the history of economic thought. Other issues discussed in this text regard creativity and social skills, hedonism and eudaimonia, parenting and education, addiction, work/leisure balance, policies for happiness, paternalism, and the quality of economic growth. This book addresses a variety of readers, such as those interested in the history of economics, as well as students and researchers concerned with the economic theory of well-being.

Keynes and the Classics Reconsidered

Author : James C.W. Ahiakpor
Publisher : Springer Science & Business Media
ISBN 13 : 9780792381495
Total Pages : 234 pages
Book Rating : 4.3/5 (814 download)

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Book Synopsis Keynes and the Classics Reconsidered by : James C.W. Ahiakpor

Download or read book Keynes and the Classics Reconsidered written by James C.W. Ahiakpor and published by Springer Science & Business Media. This book was released on 1998-03-31 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: Keynes and the Classics Reconsidered is a collection of scholarly work re-evaluating Keynes's revolution in economic thought, both in the method of macroeconomic reasoning and in policy-making. This book brings together mostly a younger generation of economists to revisit Keynes's interpretation of the classics and its impact on macroeconomic theory and policy. There has been a considerable advance in the literature re-interpreting the classics and the early neoclassical economists. Most of the contributing authors have themselves been active participants in this reinterpretation. The participation of Robert Clower, an active participant in the Keynes versus the classics debate since the 1960s, brings a particularly significant retrospective to this fresh look at the record. Keynes and the Classics Reconsidered will be of interest to policy-makers and economists, especially those working in the areas of macro and monetary economics.

The Essential Keynes

Author : John Maynard Keynes
Publisher : Penguin UK
ISBN 13 : 0141397365
Total Pages : 654 pages
Book Rating : 4.1/5 (413 download)

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Book Synopsis The Essential Keynes by : John Maynard Keynes

Download or read book The Essential Keynes written by John Maynard Keynes and published by Penguin UK. This book was released on 2015-04-30 with total page 654 pages. Available in PDF, EPUB and Kindle. Book excerpt: Edited with an introduction by ROBERT SKIDELSKY 'Many of the greatest economic evils of our time are the fruits of risk, uncertainty, and ignorance' John Maynard Keynes was the most influential economist, and one of the most influential thinkers, of the twentieth century. He overturned the orthodoxy that markets were optimally self-regulating, and instead argued for state intervention to ensure full employment and economic stability. This new selection is the first comprehensive single-volume edition of Keynes's writings on economics, philosophy, social theory and policy, including several pieces never before published. Full of irony and wit, they offer a dazzling introduction to a figure whose ideas still have urgent relevance today. John Maynard Keynes (1883-1946) is widely considered to have been the most influential economist of the 20th century. His key books include The Economic Consequences of the Peace (1919); A Treatise on Probability (1921); A Tract on Monetary Reform (1923); A Treatise on Money (1930); and his magnum opus, the General Theory of Employment, Interest, and Money (1936). Robert Skidelsky is Emeritus Professor of Political Economy at Warwick. His three-volume biography of Keynes received numerous awards, including the Lionel Gelber Prize and the Council on Foreign Relations Prize.

The Elgar Companion to John Maynard Keynes

Author : Robert W. Dimand
Publisher : Edward Elgar Publishing
ISBN 13 : 1788118561
Total Pages : 672 pages
Book Rating : 4.7/5 (881 download)

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Book Synopsis The Elgar Companion to John Maynard Keynes by : Robert W. Dimand

Download or read book The Elgar Companion to John Maynard Keynes written by Robert W. Dimand and published by Edward Elgar Publishing. This book was released on 2019 with total page 672 pages. Available in PDF, EPUB and Kindle. Book excerpt: The most influential and controversial economist of the twentieth century, John Maynard Keynes was the leading founder of modern macroeconomics, and was also an important historical figure as a critic of the Versailles Peace Treaty after World War I and an architect of the Bretton Woods international monetary system after World War II. This comprehensive Companion elucidates his contributions, his significance, his historical context and his continuing legacy.

The Affluent Society Revisited

Author : Mike Berry
Publisher : OUP Oxford
ISBN 13 : 0191510033
Total Pages : 240 pages
Book Rating : 4.1/5 (915 download)

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Book Synopsis The Affluent Society Revisited by : Mike Berry

Download or read book The Affluent Society Revisited written by Mike Berry and published by OUP Oxford. This book was released on 2013-12-12 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book revisits John Kenneth Galbraith's classic text The Affluent Society in the context of the background to, and causes of, the global economic crisis that erupted in 2008. Each chapter takes a major theme of Galbraith's book, distils his arguments, and then discusses to what extent they cast light on current developments, both in developed economies and in the economics discipline. The themes include: inequality, insecurity, inflation, debt, consumer behaviour, financialization, the economic role of government ('social balance'), the power of ideas, the role of power in the economy, and the nature of the good society. It considers the current problems of capitalism and the huge challenges facing democratic governments in tackling them. Written in non-technical language, this book is accessible to students of economics and the social sciences as well as to those who would have read The Affluent Society and the general reader interested in contemporary affairs and public policy.

The Return to Keynes

Author : Bradley W. Bateman
Publisher : Harvard University Press
ISBN 13 : 9780674053540
Total Pages : 324 pages
Book Rating : 4.0/5 (535 download)

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Book Synopsis The Return to Keynes by : Bradley W. Bateman

Download or read book The Return to Keynes written by Bradley W. Bateman and published by Harvard University Press. This book was released on 2010-06-01 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: Keynesian economics, which proposed that the government could use monetary and fiscal policy to help the economy avoid the extremes of recession and inflation, held sway for thirty years after World War II. However, it was discredited after the stagflation of the 1970s, which not only proved resistant to traditional Keynesian policies but was actually thought to be caused by them. By the 1990s, the anti-Keynesian counter-revolution seemed to reach its pinnacle with the award of several Nobel Prizes in economics to its architects at the University of Chicago. However, with the collapse of the dot-com boom in 2000 and the attacks of 9/11 a year later, the nature of macroeconomic policy debate took a turn. The collapse prompted a major shift in macroeconomic policy, as the Bush administration and other governments around the world began to resort to Keynesian measures--both monetary and fiscal policies--to stabilize the economy. The Keynesian rebirth has been most dramatically illustrated during the past year when central banks have pumped billions of dollars of liquidity into the world's financial system to address the crises of confidence, illiquidity, and insolvency that were triggered by the sub-prime lending crisis. The Return to Keynes puts Keynesian economics in a fresh perspective in order to assess this surprising new era in economic policy making.

John Maynard Keynes

Author : Vincent Barnett
Publisher : Routledge
ISBN 13 : 113511529X
Total Pages : 325 pages
Book Rating : 4.1/5 (351 download)

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Book Synopsis John Maynard Keynes by : Vincent Barnett

Download or read book John Maynard Keynes written by Vincent Barnett and published by Routledge. This book was released on 2013-02-11 with total page 325 pages. Available in PDF, EPUB and Kindle. Book excerpt: John Maynard Keynes is arguably the most important and influential economist of the twentieth century, and stands alongside Adam Smith and Karl Marx as one of the most famous economic thinkers of all time. Keynes’s radical reassessment of the accepted principles of economics led to new ways of thinking about how to deal with financial crises and economic depressions, and encouraged governments to increase levels of state investment to create economic growth. This historical biography shows how Keynes was more than an academic theorist and how his policy proposals had a significant impact on the economic and financial architecture of many Western countries from the 1920s onward, and on the post-war international financial system. It also tells the story of his colourful private life - Keynes was an active member of the Bloomsbury group of artists and intellectuals, he entertained various ‘secret’ male lovers in his youth, he married a famous Russian ballerina in 1925 and he was also an astute collector of fine art and antiquarian books. Vincent Barnett emphasizes the relationship between the personal and professional by presenting the book chapters in pairs, examining first the central features of Keynes’s life, personal development and policy ideas over the period in question, and then the theoretical content of his major writings from the same period. Barnett argues controversially that allowing psychology a much greater role within economics was a main but often-neglected feature of The General Theory of Employment, Interest and Money, and that Keynes’s policy writings were more concerned with the Britain’s national interest than is sometimes recognised. The result is a concise new biography that is both intellectually rigorous and easily accessible to students and anyone else seeking to understand the life and work of England‘s foremost economist.

How Much is Enough?

Author : Robert Skidelsky
Publisher : Other Press, LLC
ISBN 13 : 1590515072
Total Pages : 257 pages
Book Rating : 4.5/5 (95 download)

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Book Synopsis How Much is Enough? by : Robert Skidelsky

Download or read book How Much is Enough? written by Robert Skidelsky and published by Other Press, LLC. This book was released on 2012-06-19 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: A provocative and timely call for a moral approach to economics, drawing on philosophers, political theorists, writers, and economists from Aristotle to Marx to Keynes. What constitutes the good life? What is the true value of money? Why do we work such long hours merely to acquire greater wealth? These are some of the questions that many asked themselves when the financial system crashed in 2008. This book tackles such questions head-on. The authors begin with the great economist John Maynard Keynes. In 1930 Keynes predicted that, within a century, per capita income would steadily rise, people’s basic needs would be met, and no one would have to work more than fifteen hours a week. Clearly, he was wrong: though income has increased as he envisioned, our wants have seemingly gone unsatisfied, and we continue to work long hours. The Skidelskys explain why Keynes was mistaken. Then, arguing from the premise that economics is a moral science, they trace the concept of the good life from Aristotle to the present and show how our lives over the last half century have strayed from that ideal. Finally, they issue a call to think anew about what really matters in our lives and how to attain it. How Much Is Enough? is that rarity, a work of deep intelligence and ethical commitment accessible to all readers. It will be lauded, debated, cited, and criticized. It will not be ignored.

Essays in Persuasion

Author : John Maynard Keynes
Publisher : W. W. Norton & Company
ISBN 13 : 0393339130
Total Pages : 384 pages
Book Rating : 4.3/5 (933 download)

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Book Synopsis Essays in Persuasion by : John Maynard Keynes

Download or read book Essays in Persuasion written by John Maynard Keynes and published by W. W. Norton & Company. This book was released on 2011-02-14 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: The essays in this volume show Keynes's attempts to influence the course of events by public persuasion over the period of 1919-40. In the light of subsequent history, Essays in Persuasion is a remarkably prophetic volume covering a wide range of issues in political economy. In articles on the Versailles Treaty. John Maynard Keynes foresaw all too clearly that excessive Allied demands for reparations and indemnities would lead to the economic collapse of Germany. In Keynes's essays on inflation and deflation, the reader can find ideas that were to become the foundations of his most renowned treatise, The General Theory of Employment, Interest and Money (1936). With startling accuracy Keynes forecast the economic fluctuations that were to beset the economies of Europe and the United States and even proposed measures which, if heeded at the time, might have warded off an era of world-wide depression. His views on Soviet Russia, on the decline of laissez-faire, and the possibilities of economic growth are as relevant today as when Keynes originally set them forth.

The Philosophy of Keynes's Economics

Author : Jochen Runde
Publisher : Psychology Press
ISBN 13 : 0415281539
Total Pages : 284 pages
Book Rating : 4.4/5 (152 download)

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Book Synopsis The Philosophy of Keynes's Economics by : Jochen Runde

Download or read book The Philosophy of Keynes's Economics written by Jochen Runde and published by Psychology Press. This book was released on 2003 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: John Maynard Keynes is undoubtedly the most influential Western economist of the twentieth century. His emphasis on the nature and role of uncertainty in economic thought is a dominant theme in his writings. This book brings together a wide array of experts on Keynes' thought such as Gay Tulip Meeks, Sheila Dow and John Davis who discuss, analyse and criticise such themes as Keynesian probability and uncertainty, the foundations of Keynes' economics and the relationship between Keynes' earlier and later thought. The Philosophy of Keynes' Economics is a readable and comprehensive book that will interest students and academics interested in the man and his thought.

The Policy Consequences of John Maynard Keynes

Author : Harold L. Wattel
Publisher : M.E. Sharpe
ISBN 13 : 9780873323161
Total Pages : 180 pages
Book Rating : 4.3/5 (231 download)

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Book Synopsis The Policy Consequences of John Maynard Keynes by : Harold L. Wattel

Download or read book The Policy Consequences of John Maynard Keynes written by Harold L. Wattel and published by M.E. Sharpe. This book was released on 1985 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: Papers presented at a conference held at Hofstra University, Sept. 21-24, 1983.

Keynes and the General Theory Revisited

Author : Axel Kicillof
Publisher : Routledge
ISBN 13 : 9780367884611
Total Pages : 420 pages
Book Rating : 4.8/5 (846 download)

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Book Synopsis Keynes and the General Theory Revisited by : Axel Kicillof

Download or read book Keynes and the General Theory Revisited written by Axel Kicillof and published by Routledge. This book was released on 2019-12-12 with total page 420 pages. Available in PDF, EPUB and Kindle. Book excerpt: Every time the economy goes through a period of crisis, Keynes' name is called upon by economists and politicians from diverse backgrounds. However, 70 years after the publication of The General Theory of Employment, Interest and Money, specialists are still far--maybe everyday further--from reaching agreement about the genuine contents of Keynes' most important work. This controversy has been marked by a paradoxical turn: it is above all the literature about Keynes which, in the last decades, has imposed the terms of the debate, while The General Theory lacks readers. Accused by both its detractors and admirers of being a confusing book that is inconsistent and even plagued with logical errors, the most important contribution of the most influential economist of the 20th century has been condemned to be forgotten or, at best, to live uncomfortably in the voices of those who have spoken on his behalf. This book is the result of rigorous critical research which reconstructs the spectrum of discussion surrounding Keynes' main work. The book begins by describing the historical background and the state of the pre-Keynesian economic theory, subsequently immersing the reader in a concise but detailed--as well as innovative-- interpretation of the original text. The revision of some of the main interpretative currents prepares the field for the book's ultimate contribution: the identification of the fundamentals that sustain the analytical structure of The General Theory. At the same time, this exploration of the theoretical fundamentals of The General Theory makes this book an original intervention on the genesis and relevance of the divide between micro and macroeconomics--a division that has been fully accepted by contemporary macro theorists.

Keynes

Author : Robert Skidelsky
Publisher : Public Affairs
ISBN 13 : 158648897X
Total Pages : 258 pages
Book Rating : 4.5/5 (864 download)

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Book Synopsis Keynes by : Robert Skidelsky

Download or read book Keynes written by Robert Skidelsky and published by Public Affairs. This book was released on 2010-10-26 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discusses the career and life of John Maynard Keynes and offers nervous capitalists alternatives in the wake of the 2008 financial crash and the faltering of unbridled capitalism. By the author of The World After Communism. Reprint. A BusinessWeek Best Book of the Year.