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Keynes And His Critics
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Book Synopsis Keynes and His Critics by : G. C. Peden
Download or read book Keynes and His Critics written by G. C. Peden and published by Records of Social and Economic. This book was released on 2004-12-16 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt: These documents, published here for the first time, present the Treasury's counter-arguments during the period when Keynes was developing the ideas that led to the Keynesian revolution in economic policy. Keynes spent much effort trying to persuade the Treasury to adopt policies designed to raise employment and stabilise prices, and to create an international monetary system that would favour these objectives. His arguments are set out fully in the Royal Economic Society's 30-volume set of The Collected Writings of John Maynard Keynes. In contrast, the views of his Treasury critics have hitherto been much less accessible. Economists and historians have tended to assume that Keynes was right and the Treasury was wrong; this volume shows that the Treasury anticipated the political problems that would be encountered in putting Keynes's ideas into practice. Much of what Keynes published was deliberately polemical: he believed that words should be 'a little wild', for they were 'the assault of thought on the unthinking'. Treasury officials were by no means as unthinking as Keynes tended to portray them, and they had a coherent and intellectually respectable understanding of public finance. Ministers in the inter-war period and early in the Second World War were sensitive to the use that political opponents might make of Keynes's arguments; officials had to provide counter-arguments, and in doing so they revealed much about their views on economics and public finance. Once Keynes became an adviser to the Chancellor of the Exchequer in 1940, the debate became internal to the Treasury, but officials continued to subject Keynes's ideas to critical analysis. The documents in this volume show Treasury responses to Keynes on a range of issues crucial to understanding the period and the context of the Keynesian revolution in public policy. The topics covered include: the return to the gold standard; the use of public expenditure to cure unemployment in the inter-war period; how to avoid inflation in the war; planning for the post-war international economy; and the 1944 white paper on employment policy. This edition is an essential tool for the study of a formative period of British history and a great intellectual debate.
Book Synopsis The Critics of Keynesian Economics (Large Print Edition) by : Henry Hazlitt
Download or read book The Critics of Keynesian Economics (Large Print Edition) written by Henry Hazlitt and published by Createspace Independent Publishing Platform. This book was released on 2013-11-07 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: LARGE PRINT EDITION! More at LargePrintLiberty.com. Henry Hazlitt confronted the rise of Keynesianism in his day and put together an intellectual arsenal: the most brilliant economists of the time showing what is wrong with the system, in great detail with great rigor. With excerpts from books and articles published between the 30s and 50s, it remains the most powerful anti-Keynesian collection ever assembled.
Book Synopsis The critics of keynesian economics by : Henry Hazlitt
Download or read book The critics of keynesian economics written by Henry Hazlitt and published by . This book was released on 1983 with total page 428 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Critics of Keynesian Economics by : Henry Hazlitt
Download or read book The Critics of Keynesian Economics written by Henry Hazlitt and published by Ludwig von Mises Institute. This book was released on 1960 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Price of Peace by : Zachary D. Carter
Download or read book The Price of Peace written by Zachary D. Carter and published by Random House Trade Paperbacks. This book was released on 2021-04-20 with total page 666 pages. Available in PDF, EPUB and Kindle. Book excerpt: NEW YORK TIMES BESTSELLER • An “outstanding new intellectual biography of John Maynard Keynes [that moves] swiftly along currents of lucidity and wit” (The New York Times), illuminating the world of the influential economist and his transformative ideas “A timely, lucid and compelling portrait of a man whose enduring relevance is always heightened when crisis strikes.”—The Wall Street Journal WINNER: The Arthur Ross Book Award Gold Medal • The Hillman Prize for Book Journalism FINALIST: The National Book Critics Circle Award • The Sabew Best in Business Book Award NAMED ONE OF THE TEN BEST BOOKS OF THE YEAR BY PUBLISHERS WEEKLY AND ONE OF THE BEST BOOKS OF THE YEAR BY Jennifer Szalai, The New York Times • The Economist • Bloomberg • Mother Jones At the dawn of World War I, a young academic named John Maynard Keynes hastily folded his long legs into the sidecar of his brother-in-law’s motorcycle for an odd, frantic journey that would change the course of history. Swept away from his placid home at Cambridge University by the currents of the conflict, Keynes found himself thrust into the halls of European treasuries to arrange emergency loans and packed off to America to negotiate the terms of economic combat. The terror and anxiety unleashed by the war would transform him from a comfortable obscurity into the most influential and controversial intellectual of his day—a man whose ideas still retain the power to shock in our own time. Keynes was not only an economist but the preeminent anti-authoritarian thinker of the twentieth century, one who devoted his life to the belief that art and ideas could conquer war and deprivation. As a moral philosopher, political theorist, and statesman, Keynes led an extraordinary life that took him from intimate turn-of-the-century parties in London’s riotous Bloomsbury art scene to the fevered negotiations in Paris that shaped the Treaty of Versailles, from stock market crashes on two continents to diplomatic breakthroughs in the mountains of New Hampshire to wartime ballet openings at London’s extravagant Covent Garden. Along the way, Keynes reinvented Enlightenment liberalism to meet the harrowing crises of the twentieth century. In the United States, his ideas became the foundation of a burgeoning economics profession, but they also became a flash point in the broader political struggle of the Cold War, as Keynesian acolytes faced off against conservatives in an intellectual battle for the future of the country—and the world. Though many Keynesian ideas survived the struggle, much of the project to which he devoted his life was lost. In this riveting biography, veteran journalist Zachary D. Carter unearths the lost legacy of one of history’s most fascinating minds. The Price of Peace revives a forgotten set of ideas about democracy, money, and the good life with transformative implications for today’s debates over inequality and the power politics that shape the global order. LONGLISTED FOR THE CUNDILL HISTORY PRIZE
Book Synopsis The Critics of Keynesian Economics by : Henry Hazlitt
Download or read book The Critics of Keynesian Economics written by Henry Hazlitt and published by . This book was released on 2013-10 with total page 434 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a new release of the original 1960 edition.
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.
Book Synopsis Keynesian Revolution and Its Critics by : Gordon A. Fletcher
Download or read book Keynesian Revolution and Its Critics written by Gordon A. Fletcher and published by Springer. This book was released on 1989-08-01 with total page 367 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examines the pioneering economic work by John Maynard Keynes, "The General Theory of Employment, Interest and Money", and attempts to explain, with constant reference to the original sources, the complexity of Keynes' theories and the critical response they evoked.
Book Synopsis The Keynesian Revolution and its Critics by : Gordon A. Fletcher
Download or read book The Keynesian Revolution and its Critics written by Gordon A. Fletcher and published by Springer. This book was released on 1987-06-18 with total page 366 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Critics of Keynesian Economics. Edited by H. Hazlitt. [Essays by Various Authors. With Special Reference to "The General Theory of Employment, Interest and Money", by J.M. Keynes.]. by : Henry Hazlitt
Download or read book The Critics of Keynesian Economics. Edited by H. Hazlitt. [Essays by Various Authors. With Special Reference to "The General Theory of Employment, Interest and Money", by J.M. Keynes.]. written by Henry Hazlitt and published by . This book was released on 1960 with total page 427 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis A Critique of Keynesian Economics by : Walter Allan
Download or read book A Critique of Keynesian Economics written by Walter Allan and published by Springer. This book was released on 2016-07-27 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'All of us need help in understanding Keynes's brilliant, but often opaque, contributions to theory and policy. These essays provide a scholarly, balanced yet provocative assessment and critique.' Sir Alan Walters This book represents, for the first time a collection of classic appraisals of Keynesian economics' impact on economic theory and policy that will be of use to all students of macroeconomics and the history of economic thought. Don Patinkin's assesses Keynes early life and focuses attention on Keynes's contribution to monetary economics. Axel Leijonhufvud takes the view that the Keynesian revolution began and stayed on the wrong track. Leland Yeager refutes the idea that Keynesian economics was responsible for the general prosperity in the industrialised world immediately after the Second World War. Karl Brunner is critical of Keynes's reliance on fiscal rather than monetary policy. Terence Hutchison defends Keynes, both against his critics and against Keynesians! Patrick Minford traces the roots of neoclassical economics, back to The General Theory. Stephen Littlechild offers an alternative to Keynesian economics by focusing attention on the Austrian school.
Book Synopsis The Banking Theories of John Maynard Keynes and His Critics by : Cylvia Aaron Sorkin
Download or read book The Banking Theories of John Maynard Keynes and His Critics written by Cylvia Aaron Sorkin and published by . This book was released on 1941 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Keynesian Episode by : William Harold Hutt
Download or read book The Keynesian Episode written by William Harold Hutt and published by Indianapolis : Liberty Press. This book was released on 1979 with total page 466 pages. Available in PDF, EPUB and Kindle. Book excerpt: "In this unsparing analysis of the theories of John Maynard Keynes, W. H. Hutt explains why Keynes' ideas attracted both practical politicians and ardent academics and why they do not square with the logic of long-accepted laws of economics. Professor Hutt outlines methods by which modern economies can extricate themselves from the disasters into which Keynesian theory has plunged them. The popularity of Keynes' General Theory is explained by the fact that it provided scholarly justification for the inflationary programs that politicians had long wanted to pursue. For labor leaders and their politician friends, Keynes furnished support for the refusal to reduce wage rates and encouragement for the theory that wages should, in fact, be increased to provide more "purchasing power." As for the Keynesian claque that rapidly developed in the universities following the appearance of the General Theory, Keynes offered an economic theory so profound as to be inscrutable to all but the initiated-- and thus an exclusive cult was born. As Professor Hutt observes, "All too many people in all spheres-- the academic sphere not excluded-- are apt to accept obscurity for profundity." The chief danger of Keynesian economics, which Professor Hutt describes as an "untidy jumble of theorems," arises from the abuse of mathematical concepts by applying them to a science that is not mathematical in the development of its basic theorems. "Economists are capable of erecting impressive mathematical models upon conceptually confused foundations," Professor Hutt declares. "It has become obvious that Keynesianism, especially when it is combined with the policy of the welfare state, is destructive of labor incentives to productivity; and other disastrous, sociological results of the Keynesian experiment are being perceived, I think, by an ever-widening circle." The Keynesian Episode should serve to widen that circle even more. For almost half a century economic theorists have been embroiled in heated controversy over the so-called revolutionary ideas of John Maynard Keynes. Now, after the demonstrated failure of applied Keynesian economics in Great Britain and the United States, that controversy seems destined to be settled by cold realities as well as by cogent argument." --
Book Synopsis Keynes, Sraffa and the Criticism of Neoclassical Theory by : Neri Salvadori
Download or read book Keynes, Sraffa and the Criticism of Neoclassical Theory written by Neri Salvadori and published by Taylor & Francis. This book was released on 2012-05-23 with total page 450 pages. Available in PDF, EPUB and Kindle. Book excerpt: Heinz Kurz is recognised internationally as a leading economic theorist and a foremost historian of economic thought. This book pays tribute to his outstanding contributions on the occasion of his 65th birthday by bringing together a unique collection of new essays by distinguished economists from around the world. Keynes, Sraffa, and the Criticism of Neoclassical Theory comprises twenty-three essays, covering themes in Keynesian economic theory, in the development of the modern classical approach to economic theory, linear production models, and the critique of neoclassical theory. The essays in this book will be an invaluable source of inspiration for economists interested in economic theory and in the evolution of economic thought. They will also be of interest to postgraduate and research students specialising in economic theory and in the history of economic thought.
Book Synopsis The Price of Peace by : Zachary D. Carter
Download or read book The Price of Peace written by Zachary D. Carter and published by Random House. This book was released on 2020-05-19 with total page 656 pages. Available in PDF, EPUB and Kindle. Book excerpt: NEW YORK TIMES BESTSELLER • An “outstanding new intellectual biography of John Maynard Keynes [that moves] swiftly along currents of lucidity and wit” (The New York Times), illuminating the world of the influential economist and his transformative ideas “A timely, lucid and compelling portrait of a man whose enduring relevance is always heightened when crisis strikes.”—The Wall Street Journal WINNER: The Arthur Ross Book Award Gold Medal • The Hillman Prize for Book Journalism FINALIST: The National Book Critics Circle Award • The Sabew Best in Business Book Award NAMED ONE OF THE TEN BEST BOOKS OF THE YEAR BY PUBLISHERS WEEKLY AND ONE OF THE BEST BOOKS OF THE YEAR BY Jennifer Szalai, The New York Times • The Economist • Bloomberg • Mother Jones At the dawn of World War I, a young academic named John Maynard Keynes hastily folded his long legs into the sidecar of his brother-in-law’s motorcycle for an odd, frantic journey that would change the course of history. Swept away from his placid home at Cambridge University by the currents of the conflict, Keynes found himself thrust into the halls of European treasuries to arrange emergency loans and packed off to America to negotiate the terms of economic combat. The terror and anxiety unleashed by the war would transform him from a comfortable obscurity into the most influential and controversial intellectual of his day—a man whose ideas still retain the power to shock in our own time. Keynes was not only an economist but the preeminent anti-authoritarian thinker of the twentieth century, one who devoted his life to the belief that art and ideas could conquer war and deprivation. As a moral philosopher, political theorist, and statesman, Keynes led an extraordinary life that took him from intimate turn-of-the-century parties in London’s riotous Bloomsbury art scene to the fevered negotiations in Paris that shaped the Treaty of Versailles, from stock market crashes on two continents to diplomatic breakthroughs in the mountains of New Hampshire to wartime ballet openings at London’s extravagant Covent Garden. Along the way, Keynes reinvented Enlightenment liberalism to meet the harrowing crises of the twentieth century. In the United States, his ideas became the foundation of a burgeoning economics profession, but they also became a flash point in the broader political struggle of the Cold War, as Keynesian acolytes faced off against conservatives in an intellectual battle for the future of the country—and the world. Though many Keynesian ideas survived the struggle, much of the project to which he devoted his life was lost. In this riveting biography, veteran journalist Zachary D. Carter unearths the lost legacy of one of history’s most fascinating minds. The Price of Peace revives a forgotten set of ideas about democracy, money, and the good life with transformative implications for today’s debates over inequality and the power politics that shape the global order. LONGLISTED FOR THE CUNDILL HISTORY PRIZE
Book Synopsis Raising Keynes by : Stephen A. Marglin
Download or read book Raising Keynes written by Stephen A. Marglin and published by Harvard University Press. This book was released on 2020-07-14 with total page 921 pages. Available in PDF, EPUB and Kindle. Book excerpt: Back to the future: a heterodox economist rewrites Keynes's General Theory of Employment, Interest, and Money to serve as the basis for a macroeconomics for the twenty-first century. John Maynard Keynes's General Theory of Employment, Interest, and Money was the most influential economic idea of the twentieth century. But, argues Stephen Marglin, its radical implications were obscured by Keynes's lack of the mathematical tools necessary to argue convincingly that the problem was the market itself, as distinct from myriad sources of friction around its margins. Marglin fills in the theoretical gaps, revealing the deeper meaning of the General Theory. Drawing on eight decades of discussion and debate since the General Theory was published, as well as on his own research, Marglin substantiates Keynes's intuition that there is no mechanism within a capitalist economy that ensures full employment. Even if deregulating the economy could make it more like the textbook ideal of perfect competition, this would not address the problem that Keynes identified: the potential inadequacy of aggregate demand. Ordinary citizens have paid a steep price for the distortion of Keynes's message. Fiscal policy has been relegated to emergencies like the Great Recession. Monetary policy has focused unduly on inflation. In both cases the underlying rationale is the false premise that in the long run at least the economy is self-regulating so that fiscal policy is unnecessary and inflation beyond a modest 2 percent serves no useful purpose. Fleshing out Keynes's intuition that the problem is not the warts on the body of capitalism but capitalism itself, Raising Keynes provides the foundation for a twenty-first-century macroeconomics that can both respond to crises and guide long-run policy.
Book Synopsis Keynes, Sraffa, and the Criticism of Neoclassical Theory by : Neri Salvadori
Download or read book Keynes, Sraffa, and the Criticism of Neoclassical Theory written by Neri Salvadori and published by Routledge. This book was released on 2012-05-23 with total page 451 pages. Available in PDF, EPUB and Kindle. Book excerpt: Heinz Kurz is recognised internationally as a leading economic theorist and a foremost historian of economic thought. This book pays tribute to his outstanding contributions on the occasion of his 65th birthday by bringing together a unique collection of new essays by distinguished economists from around the world. Keynes, Sraffa, and the Criticism of Neoclassical Theory comprises twenty-three essays, covering themes in Keynesian economic theory, in the development of the modern classical approach to economic theory, linear production models, and the critique of neoclassical theory. The essays in this book will be an invaluable source of inspiration for economists interested in economic theory and in the evolution of economic thought. They will also be of interest to postgraduate and research students specialising in economic theory and in the history of economic thought.
