Keynes's Vision: Why the Great Depression Did Not Return (Routledge Studies in the History of Economics v. 90)

Keynes's Vision: Why the Great Depression Did Not Return (Routledge Studies in the History of Economics v. 90)

By: John Philip Jones (author)Hardback

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John Maynard Keynes was the most influential economist of the 20th Century, whose doctrines had a huge impact on American prosperity in the years following the Second World War. This new book by John Philip Jones describes the main features of Keynes' work, including the fiscal and monetary policies he recommended, together with a detailed tracking of how his theories played out in the American economy. The book focuses on each individual aspect of Keynes' doctrines: his revolutionary emphasis on the economy as a whole (the study that would later become known as macroeconomics); consumer demand and where it leads; investment demand and where it leads; the rate of interest and the influence of monetary policy; the role of government in controlling fiscal policy; and the overarching importance of expectations, optimism and pessimism. The book concludes with the seven major lessons drawn from the American economy in the latter half of the 20th Century and how these lessons were forecast by Keynes. An excellent introduction to Keynes and his legacy for students and non-specialist members of the public who want to know more about how the economy is controlled and stimulated, it is also of considerable interest to students of modern economic history.

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CONTENTS, Introduction: WHY KEYNES MATTERS, Chapter 1: KEYNES'S LEGACY, SEVENTY YEARS LATER, The Three Pillars of Keynes's Doctrines, Keynes Under Attack, An Education in Economics, Chapter 2: THREE SIGNPOSTS, Fault Lines in the American Economy, A Half-Century of Aggregate Demand and Output, The Third Signpost -- Employment and Unemployment, Types of Unemployment, Chapter 3: CONSUMER DEMAND AND WHERE IT LEADS, Connections, The Propensity to Consume, Money and Liquidity-Preference, A Web of Relationships, Trends, Footnote on the Spectrum of Interest Rates, Chapter 4: INVESTMENT DEMAND AND WHERE IT LEADS, Investment Supply -- Where the Money Comes From, Investment Demand -- Putting the Money to Work, Expectations, Chapter 5: THE RATE OF INTEREST, A Digression on Three Types of Price, Four Periods of Economic Activity, Chapter 6: WHAT SHOULD THE GOVERNMENT BE DOING?, American Economic Policy During the 1930s, The Travails of Understanding Government Statistics. External Trade and Its Complications, Did the Deficits Have Any Effect?, Did Keynes Get It Right?, Chapter 7: FLOATING ON AN OCEAN OF EXPECTATIONS, The Psychology of Recession, How Do Businesses Grow?, The Psychology of Recovery, The Prosperous Years since 1945, Chapter 8: KEYNES THE MAN, Social Class and the British: a Digression, The Leap into the Top Five Percent, Act I: Early Promise, Early Fulfilment, Act II: A Continuous Process of Intellectual Development, Versailles and After, Chapter 9: TWENTY YEARS OF GUERRILLA INFIGHTING, The Troubles of the 1920s, The Gold Standard and the Forces of Financial Conservatism, The Great Depression, Chapter 10: KEYNES, ENGLAND AND THE WORLD, An Intimation of Mortality, The Approach of World War Two, Guru Becomes Man of Action, Keynes as Treasury Ambassador, Bringing an End to Economic Warfare, The Employment Policy White Paper, Keynes's Last Contribution, Chapter 11: KEYNES THE PROPHET, Index, About the Author

Product Details

  • publication date: 17/09/2007
  • ISBN13: 9780415773027
  • Format: Hardback
  • Number Of Pages: 240
  • ID: 9780415773027
  • weight: 476
  • ISBN10: 0415773024

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