On Interpreting Keynes: A Study in Reconciliation / Edition 1

by Bruce Littleboy

Overview

There is discontent with how the textbooks have come to reinterpret Keynes but there is little communication between the most prominent schools of criticism. This book argues that this lack of dialogue is mistaken and damaging. A synthesis is possible as many of the arguments between them can be traced to simple misunderstadings and differences of emphasis.

Product Details

ISBN-13:	9780415044752
Publisher:	Taylor & Francis
Publication date:	03/07/1991
Pages:	352
Product dimensions:	5.44(w) x 8.50(h) x (d)
Lexile:	1580L (what's this?)
Age Range:	18 Years

Table of Contents

Part 1 Introduction; Part 2; Part 3 Leijonhufvud on unemployment and effective demand; Part 4 Involuntary unemployment in the history of economic thought; Part 5 Effective demand: a theoretical and historical perspective; Part 6; Part 7 IS-LM and the interest-rate dynamics; Part 8 On bootstraps and traps; Part 9 Expenditure and the interest rate; Part 10 Recovery in the long run?; Part 11; Part 12 Conventions;

Editorial Reviews

The two major schools of Keynesian criticism, the fundamentalist and reductionist factions, have long been viewed as irreconcilable. Littleboy argues that a close reading of the key texts from both factions reveals disagreement through misunderstanding, and that variations are more a matter of emphasis than substance. He reveals that the two schools are in many instances complementary and bases a synthesis on the theme that markets do not function reliably. Annotation c. Book News, Inc., Portland, OR (booknews.com)

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