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The general theory at 80 : reflections on the history and enduring relevance of Keynes' economics
Palley, Thomas I. - 2017
This paper reflects on the history and enduring relevance of Keynes? economics. Keynes unleashed a devastating critique …
Persistent link: https://www.econbiz.de/10011924527
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Lectures on John Maynard Keynes’ General Theory of Employment, Interest and Money (3): Chapter 3, “The Principle of Effective Demand”
Ferguson, Brian S. - Department of Economics and Finance, College of … - 2013
In Chapter 3 of the General Theory, Keynes sketches out what he calls the essence of the General Theory of Employment …
Persistent link: https://www.econbiz.de/10010721583
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Lectures on John Maynard Keynes’ General Theory of Employment, Interest and Money (4): Chapter 4, "The Choice of Units"; Chapter 5, "Expectations as Determining Output and Employme...
Ferguson, Brian S. - Department of Economics and Finance, College of … - 2013
In Chapter 4 of the General Theory, Keynes discusses the units of measurement he will be using in the remainder of the …
Persistent link: https://www.econbiz.de/10010721584
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Lectures on John Maynard Keynes’ General Theory of Employment, Interest and Money (6): Chapters 8, 9 and 10: Keynes’ Theory of Consumer Behaviour
Ferguson, Brian S. - Department of Economics and Finance, College of … - 2013
Chapters 8, 9 and 10 set out Keynes’ theory of consumer behavior. Chapter 8 is entitled The Propensity to Consume: I … Propensity to Consume and the Multiplier. Contrary to the widely held belief, Keynes saw the consumer as an intertemporally …
Persistent link: https://www.econbiz.de/10010721585
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Lectures on John Maynard Keynes’ General Theory of Employment, Interest and Money (1): Chapter One, Background and Historical Setting
Ferguson, Brian S. - Department of Economics and Finance, College of … - 2013
This paper puts John Maynard Keynes’ "The General Theory of Employment, Interest and Money" into its historical context … background to the General Theory, looks at the influence of other economists of the period on the evolution of Keynes’ thought … were debating issues very similar to the ones with which Keynes was wrestling. …
Persistent link: https://www.econbiz.de/10010721586
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Lectures on John Maynard Keynes’ General Theory of Employment, Interest and Money (2): Chapter 2, “The Postulates of the Classical Economics”
Ferguson, Brian S. - Department of Economics and Finance, College of … - 2013
Chapter 2 is one of the most important chapters in the General Theory. Not only does it set out Keynes’ disagreements … key part in the way Keynes’ theoretical model is developed here. This chapter introduces Keynes’ concept of involuntary … consequent cyclicality of the real wage. Chapter 2 also includes Keynes’ discussion of Say’s Law. …
Persistent link: https://www.econbiz.de/10010721589
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The General Theory at 80 : reflections on the history and enduring relevance of Keynes' economics
Palley, Thomas I. - In: Investigación económica : revista de la Faculdad de … 76 (2017) 301, pp. 86-101
Persistent link: https://www.econbiz.de/10011959769
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Hayek on Mill
Caldwell, Bruce - 2006
Friedrich Hayek referred to the work of John Stuart Mill on many occasions. Often he praised him, especially in his book The Constitution of Liberty. But equally often, and this both before and after the publication of Constitution of Liberty, Hayek was critical of Mill, and at times highly...
Persistent link: https://www.econbiz.de/10012732730
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A BRIEF HISTORY OF ECONOMICS:Artful Approaches to the Dismal Science (2nd Edition)
Canterbery, E Ray - World Scientific Publishing Co. Pte. Ltd.
Blending past and present, this brief history of economics is the perfect book for introducing students to the field. A Brief History of Economics illustrates how the ideas of the great economists not only influenced societies but were themselves shaped by their cultural milieu. Understanding...
Persistent link: https://www.econbiz.de/10011183881
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On the notion of equilibrium or the centre of gravitation in economic theory
Sinha, Ajit - Indira Gandhi Institute of Development Research (IGIDR) - 2010
This paper is a critical examination of the notion of equilibrium in the classical theory of value. It highlights the theoretical importance as well as the problems associated with the notion of equilibrium in the classical theory and goes on to argue that Sraffa presents a theory of value...
Persistent link: https://www.econbiz.de/10008461012