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Millennial Keynes : the Origins, Development and Future of Keynesian Economics.

Author: Bruno Ventelou; Gregory P Nowell
Publisher: Florence : Taylor and Francis, 2003.
Edition/Format:   eBook : Document : English
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Genre/Form: Electronic books
Textbooks
Additional Physical Format: Print version:
Ventelou, Bruno.
Millennial Keynes : The Origins, Development and Future of Keynesian Economics.
Florence : Taylor and Francis, ©2003
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Bruno Ventelou; Gregory P Nowell
ISBN: 9781315702391 1315702398
OCLC Number: 929508656
Notes: General Equilibrium: Uncertainty, Money, and the Interest Rate.
Description: 1 online resource (214 pages)
Contents: Cover; Half Title; Title Page; Copyright Page; Table of Contents; Acknowledgments; Introduction: Keynesian Economics and the American Polity; The Social Security Debate and the Emergence of Anti-Keynesian Political Leadership; Environmental Politics; Conclusion; Notes; Chapter 1. Keynes: An Activist's Life; Keynes's Childhood, His Studies, His Clubs; Keynes's Professional Life; Government Posts and Feckless Negotiations; Keynes's Political Engagements: The Manifestos, the Pamphlets, and the Economic History of the 1920s and 1930s; Conclusion. Chapter 2. Economic Thought on the Eve of the General TheoryThe English Tradition of Partial Equilibrium Theory; Alfred Marshall and Sectors of Economic Activity; The Role of Time in Marshall's Principles; Marshall's Theoretical Dead Ends: The Very Long Period, the Question of Returns to Scale, and Sraffa's Critique; Arthur Cecil Pigou: The Real Balance Effect; Marshall and Pigou's Monetary Theory: Macroeconomics and the Real Balance Effect ; Pigou's Theory of Unemployment; The General Equilibrium Perspective; Leon Walras and Interdependence; General Equilibrium Theory: Its Intrinsic Logic. General Equilibrium: A Host of ProblemsIrving Fisher, Time, and Money in the Theory of General Equilibrium; Money in the Theory of General Equilibrium; Time in General Equilibrium Theory: The Loanable Funds Market; Conclusion: Keynes's Intellectual Culture; Notes; Chapter 3. Keynes Before the General Theory; The Treatise on Money; The Analysis of Economic Fluctuations; The Paradox of the Indirect Effect; The Credit Cycle; Mathematics and the Treatise on Money; Definitions, Accounting Equations, the Fundamental Equation; Results of the Fundamental Equation; The Fundamental Equation: An Error? Conclusion: From the Treatise on Money to the General TheoryWhat Premises Did Keynes Have to Give Up?; What Was Left of the Treatise?; The Treatise on Probability; The Nature of Chance: The Impossibility of the "Frequentist Position"; The Urn Example: How We Experience Real Events, from Risk to Uncertainty; The Distinction Between Probability and Weight; The Uncertain and the Unknown; Keynes's Position on Logical Probability; Probability as an Expression of Weak Logic; Rules for Calculating Logical Probabilities; The Relevance and Methodological Value of a Logical Position. Russell, Wittgenstein, KeynesKeynes, Ramsey, and Savage; Methodological Impact; Conclusion: A Simplified Equation; Notes; Chapter 4. The General Theory (1): A Reader's Guide; The Labor Market: Point of Departure for Keynes's Causal Framework; The Postulates of the Classical Economics; The Classical Position; Keynes's Position: Involuntary Unemployment; Rigidity of Nominal Wages, Real Wages, and Prices; Nominal Wage Rigidity: A Necessary but Insufficient Condition; Real-Wage Rigidity and Price Rigidity: A General Perspective; The Equivalence Postulate and the Causal Nexus.

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