A Future for Keynesian Macroeconomics
نویسندگان
چکیده
منابع مشابه
A Brief Introduction to Post Keynesian Macroeconomics
I begin by setting out the core of Post Keynesian macroeconomics, and then distinguish three schools within Post Keynesian theory: the fundamentalist Keynesian approach taken by Paul Davidson, the Kaleckian variant represented by Eckhard Hein, and Hyman Minsky’s financial instability hypothesis. I continue by identifying what Post Keynesian macroeconomics is not, and outlining some very substan...
متن کاملMacroeconomics: a Historical Perspective
1. Scope of Macroeconomics 2. The Keynesian View of Unemployment 2.1 A Simple Keynesian Model 2.2 Extension of the Simple Keynesian Model: A Capital Scarce, Labor Surplus Economy 2.3 Further Extension: Industry and Agriculture 3. Money, Keynes, and the Classics 3.1 The Classical Theory of Employment 3.2 The Keynesian Revolution 3.3 Friedman’s Counter-revolution 4. New Classical Macroeconomics 4...
متن کاملGetting rid of Keynes? A reflection on the recent history of macroeconomics
The aim of this paper is to give an account of the unfolding of macroeconomics from Keynes to the present day. To this end, I use a grid of analysis resulting from the combination of two distinctions. The first is the Marshall-Walras divide, the second is the distinction between the Keynesian conceptual apparatus and the Keynesian policy cause. On the basis of these distinctions, I construct tw...
متن کاملDisequilibrium macroeconomics: an episode in the transformation of modern macroeconomics
ed from issues they could not handle but which enabled them to analyse the dynamics in which they were interested. However, a more common reaction was to focus on the formal models and to confine their theorizing to what could be said rigorously. Founding macroeconomics on rigorous utilitymaximizing microfoundations was important. This was, no doubt, the reason why Patinkin’s Chapter 13 was neg...
متن کامل° 2008 - 02 Inflation targeting drawbacks in the absence of a ' natural ' anchor
The economic performances of the Eurozone look weaker than those of the United States over the period 1999-2006, in spite of the fact that the former applies more thoroughly the 'new macroeconomics' governance rules concerning public deficits and inflation control. The literature emphasizes Alan Greenspan's pragmatism when discussing the relative success of the Fed, but the reasons why pragmati...
متن کامل