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Keynes, coordination, and beyond : the development of macroeconomic and monetary theory since 1945

Author: Harry Garretsen
Publisher: Aldershot, England : E. Elgar ; Brookfield, Vt. : Distributed in the U.S. by Ashgate Pub. Co., ©1992.
Edition/Format:   Print book : EnglishView all editions and formats
Summary:
"This book argues that the coordination problem lies at the heart of Keynes's economics. It shows how Keynes's message got lost in the post-War period and develops a more fruitful extension of Keynes's ideas within a general equilibrium framework and alternative frameworks such as post-Keynesian and Austrian economics. It is demonstrated that in the absence of a coordinating device like the Walrasian auctioneer or  Read more...
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Named Person: John Maynard Keynes; John Maynard Keynes; John Maynard Keynes
Material Type: Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: Harry Garretsen
ISBN: 1852786205 9781852786205
OCLC Number: 25508977
Description: ix, 228 pages : illustrations ; 24 cm
Contents: 1. Introduction --
2. Indeterminacy in Macroeconomics: On the Structure of Keynes's General Theory --
3. The Right Answers to the Wrong Question? An Assessment of the Microfoundations Debate --
4. Alternative Approaches --
5. Indeterminacy and Multiplicity --
6. Money, Prices and Uncertainty --
7. The Trade-off between Price Flexibility and Price Rigidity --
8. Implications of the Coordination Problem.
Responsibility: Harry Garretsen.

Abstract:

This book argues that the coordination problem lies at the heart of Keynes's economics. It shows how Keynes's message got lost in the post-War period and develops a more fruitful extension of  Read more...

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