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book (10)


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1991 (10)

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Book
Keynes et la macroéconomie
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ISBN: 2717820582 Year: 1991 Publisher: Paris Economica

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Keynes and philosophy : essays on the origin of Keynes's thought
Authors: ---
ISBN: 1852783060 9781852783068 Year: 1991 Publisher: Aldershot (Hants): Elgar,

Keynes's General theory and accumulation
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ISBN: 0521368154 0521362482 051152207X 9780521368155 Year: 1991 Volume: vol *2 Publisher: Cambridge : Cambridge University Press,

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This book makes Keynes's writings in his General Theory accessible to students by presenting this theory in a careful, consistent manner that is faithful to the original. Keynes's theory continues to be important, because the issues it raised, such as the problems of involuntary unemployment, the volatility of investment, and the complexity of monetary arrangements in modern capitalist economies, are still with us. Keynes's method of analysis, which tries to allow for the complications of dealing with historical time, deserves the careful attention given in this book. Keynes's formal analysis dealt only with a short period of time during which changes in productive capacity as a result of net investment were small relative to initial productive capacity. Roy Harrod and Joan Robinson were the two most prominent followers of Keynes who attempted to extend his analysis to the long period by allowing for the effects of investment on productive capacity as well as on effective demand. The careful examination of their writings on this topic is a natural complement to the presentation of Keynes's General Theory and makes clear the severe limitations on any use of equilibrium concepts in dealing with accumulation in models which try to observe Keynes's warnings about an unknowable future in the type of world we inhabit.


Book
John Maynard KEYNES (1883-1946). T. I.
Author:
ISBN: 1852785101 9781852785109 Year: 1991 Volume: 46 Publisher: Aldershot : Edward Elgar,

Methodological foundations of macroeconomics : Keynes and Lucas
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ISBN: 0521392942 0521074738 0511896212 9780521392945 Year: 1991 Publisher: Cambridge : Cambridge University Press,

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This book is an investigation of the methodological and epistemological foundations of macroeconomic theory, based on an examination of the theories of Keynes and Lucas. It is divided into two parts. In the first Professor Vercelli discusses the methodological issues which lie behind the conflict among different schools of thought in macroeconomics (equilibrium and disequilibrium, risk and uncertainty, rationality and causality). These issues are central to the current debate not only in many branches of economics, but also in other scientific disciplines. The traditional point of view of science based on equilibrium, stability and determinism has been increasingly challenged by a new point of view in which disequilibrium, instability and uncertainty play a crucial role. This, the author argues, is bound to put macroeconomics in a new, more promising position. In the second part of the book the author compares the two main alternative research programmes in macroeconomics: that outlined by Keynes in his 'General Theory', and that suggested by Lucas, the leader of the new classical economists.

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