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Keynes and Hayek : the money economy

著者: G R Steele
出版商: London ; New York : Routledge, 2001.
丛书: Foundations of the market economy series.
版本/格式:   图书 : 英语查看所有的版本和格式
提要:
"Keynes and Hayek inspired the economic controversy of the twentieth century: the role of the state, and of money and interest rates in an advanced capitalist industrial economy. In his work, Keynes points to high interest rates, low asset values and a negative wealth effect as the principal causes of a slump. By contrast, Hayek points to a system extended beyond its full capacity by low interest rates and high
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详细书目

提及的人: John Maynard Keynes; Friedrich A von Hayek; F A Hayek; Friedrich August Hayek; John Maynard Keynes
文件类型:
所有的著者/提供者: G R Steele
ISBN: 0415251389 9780415251389
OCLC号码: 46564847
描述: [xi], 224 p. : ill. ; 24 cm.
内容: 1. Introduction --
2. Vision in economics --
3. Philosophy and political economy --
4. Money issues --
5. Macrodisequilibrium --
6. Keynes and SENIE macromodels --
7. Value theory and monetary theory --
8. Capital, money and cycles --
9. Austrians and post-Keynesians --
10. Economic guidance.
丛书名: Foundations of the market economy series.
责任: G.R. Steele.
更多信息:

摘要:

"Keynes and Hayek inspired the economic controversy of the twentieth century: the role of the state, and of money and interest rates in an advanced capitalist industrial economy. In his work, Keynes points to high interest rates, low asset values and a negative wealth effect as the principal causes of a slump. By contrast, Hayek points to a system extended beyond its full capacity by low interest rates and high investment yields. Where Keynes argued that under-used capacity is symptomatic of deficient aggregate demand, Hayek viewed under-used capacity as symptomatic of inappropriate investments and of a demand for consumption goods that is too pressing to allow the completion of investments in current gestation.".

"This book relaunches Alex Leijonhufvud's controversial critique of Keynes's General Theory, examining it in conjunction with Hayek's work on capital theory and business cycles. The monetary issues discussed in this book remain both complex and contentious. In contrasting the broad features of Austrian economics with post-Keynesian economics, the book also discusses points raised by more recent protagonists in the debate. Against this background, arguments and events of the twentieth century are examined for economic policy guidance."--BOOK JACKET.

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