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The return to Keynes

Author: Bradley W Bateman; Toshiaki Hirai; Maria Cristina Marcuzzo
Publisher: Cambridge, Mass. : Belknap Press of Harvard University Press, 2010.
Edition/Format:   Print book : EnglishView all editions and formats
Database:WorldCat
Summary:
Keynesian economics, which proposed that the government could use monetary and fiscal policy to help the economy avoid the extremes of recession and inflation, held sway for thirty years after World War II. However, it was discredited after the stagflation of the 1970s, which not only proved resistant to traditional Keynesian policies but was actually thought to be caused by them. By the 1990s, the anti-Keynesian  Read more...
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Genre/Form: Aufsatzsammlung
Named Person: John Maynard Keynes; John Maynard Keynes
Material Type: Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: Bradley W Bateman; Toshiaki Hirai; Maria Cristina Marcuzzo
ISBN: 9780674035386 0674035380
OCLC Number: 316037952
Description: vi, 312 pages : illustrations ; 24 cm
Contents: Keynes returns to America / Bradley W. Bateman --
Japan's long-run stagnation and economic policies / Yoshiyasu Ono --
European macroeconomic policy : a return to active stabilization? / Hans-Michael Trautwein --
From the "old" to the "new" Keynesian-neoclassical synthesis : an interpretation / Richard Arena --
Tobin's Keynesianism / Robert W. Dimand --
The new neoclassical synthesis and the Wicksell-Keynes connection / Mauro Boianovsky, Hans-Michael Trautwein --
An abstruse and mathematical argument : the use of mathematical reasoning in the General theory / Roger E. Backhouse --
The General theory : toward the concept of stochastic macro-equilibrium / Hiroshi Yoshikawa --
Keynes's economics in the making / Toshiaki Hirai --
Keynes, Sraffa, and the latter's "secret skepticism" / Heinz D. Kurz --
Keynes and the war of words / Gilles Dostaler --
Keynes and modern international finance theory / Marcello De Cecco --
Keynes's influence on modern economics : some overlooked contributions of Keynes's theory of finance and economic policy / Jan A. Kregel --
Current global imbalances : might Keynes be of help? / Anna M. Carabelli, Mario A. Cedrini.
Responsibility: edited by Bradley W. Bateman, Toshiaki Hirai, Maria Cristina Marcuzzo.

Abstract:

Keynesian economics, which proposed that the government could use monetary and fiscal policy to help the economy avoid the extremes of recession and inflation, held sway for thirty years after World  Read more...

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This fascinating collection of papers addresses the current status and relevance of Keynes from a number of perspectives: the return of macroeconomic policy activism, the state of modern Read more...

 
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schema:description"Keynesian economics, which proposed that the government could use monetary and fiscal policy to help the economy avoid the extremes of recession and inflation, held sway for thirty years after World War II. However, it was discredited after the stagflation of the 1970s, which not only proved resistant to traditional Keynesian policies but was actually thought to be caused by them. By the 1990s, the anti-Keynesian counter-revolution seemed to reach its pinnacle with the award of several Nobel Prizes in economics to its architects at the University of Chicago. However, with the collapse of the dot-com boom in 2000 and the attacks of 9/11 a year later, the nature of macroeconomic policy debate took a turn. The collapse prompted a major shift in macroeconomic policy, as the Bush administration and other governments around the world began to resort to Keynesian measures--both monetary and fiscal policies--to stabilize the economy. The Keynesian rebirth has been most dramatically illustrated during the past year when central banks have pumped billions of dollars of liquidity into the world's financial system to address the crises of confidence, illiquidity, and insolvency that were triggered by the sub-prime lending crisis. The Return of Keynes puts Keynesian economics in a fresh perspective in order to assess this surprising new era in economic policymaking."@en
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