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Keynesian economics. --- Post-Keynesian economics --- Schools of economics
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Keynesian economics. --- Keynes, John Maynard, --- Post-Keynesian economics --- Schools of economics --- Keynes, J. Maynard --- Keynes, J.M.
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This book assesses major schools of thought in macroeconomic theory between the Great Depression and the Long Recession, focusing on their analysis of cycles, crises and macro-policy. It explores the road from the dominance of Keynesian ideas to those of New Classical Macroeconomics (NCM) toward the end of the millennium. The book covers the early influential work of Knut Wicksell; the economic debates of the 1930s, with core contributions from John Maynard Keynes and Friedrich von Hayek; the rise of Keynesianism in the 1950s and its decline since the 1970s; the rise of Monetarism in the 1960s; and NCM’s subsequent rise to prominence. Finally, the book outlines how macroeconomics has evolved from its birth in the 1930s as a theory separate from microeconomics, resulting in a split between macro- and micro-theories, and ended up with a new hegemonic paradigm based on microfoundations. The ensuing policy thinking witnessed a transformation from "active" macro-policy after the Great Depression to a far more "passive" macro-policy during the last quarter of the twentieth century, which may have contributed to missing the signs of the impending Long Recession of 2008. “When the 2008 crisis struck, macroeconomists were caught with models that were theoretically elegant yet inappropriate to the needs of the moment. A broader historical perspective may have prevented the jettisoning of Keynesian models that had proved useful in the past and might have done so again. This highly readable book by Arie Arnon is a wonderful antidote to economists’ short time horizon and contributes mightily to restore the profession’s “collective memory” of the diversity of ideas within macroeconomics.” Professor Dani Rodrik, Harvard Kennedy School.
Macroeconomics. --- Economic policy. --- Keynesian economics. --- Post-Keynesian economics --- Schools of economics --- Economic nationalism --- Economic planning --- National planning --- State planning --- Economics --- Planning --- National security --- Social policy --- Economic history. --- History of Economic Thought and Methodology. --- Macroeconomics and Monetary Economics. --- Economic Policy. --- Economic History. --- History. --- Economic conditions --- History, Economic
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In Diminishing Returns, Lucio Baccaro, Mark Blyth, and Jonas Pontusson bring together a list of top contributors in the field to examine capitalist economies in times where economic growth has slowed down considerably. As economic growth is a powerful social stabilizer and contributes to make the characteristic features of capitalism, the key question motivating the volume is: What happens when growth-the main mechanism of capitalist legitimation-is harder to come by and less broadly shared? The volume analyzes the politics of growth and stagnation at the country, regional, and global level through a new theoretical framework: the Growth Model Perspective.
Macroeconomics --- Keynesian economics --- Economic development --- Stagnation (Economics) --- Economic stagnation --- Stationary state (Economics) --- Steady-state economics --- Economics --- Development, Economic --- Economic growth --- Growth, Economic --- Economic policy --- Statics and dynamics (Social sciences) --- Development economics --- Resource curse --- Post-Keynesian economics --- Schools of economics --- Economic development. --- Keynesian economics. --- Macroeconomics. --- Stagnation (Economics). --- #SBIB:33H012 --- #SBIB:33H041 --- #SBIB:316.334.2A10 --- Economische stelsels (Marxisme, capitalisme …) --- Economische ontwikkelingen en bewegingen --- Arbeids-, bedrijfs- en economische sociologie: algemeen
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