Macroeconomics without the Errors of Keynes
The Quantity Theory of Money, Saving, and Policy
- 230 pages
- English
- PDF
- Available on iOS & Android
Macroeconomics without the Errors of Keynes
The Quantity Theory of Money, Saving, and Policy
About This Book
Modern macroeconomics is in a stalemate, with seven schools of thought attempting to explain the workings of a monetary economy and to derive policies that promote economic growth with price-level stability.
This book pinpoints as the source of this confusion errors made by Keynes in his reading of classical macroeconomics, in particular the classical Quantity Theory and the meaning of saving. It argues that if these misunderstandings are resolved, it will lead to economic policies consistent with promoting the employment and economic growth that Keynes was seeking.
The book will be crucial reading for all scholars with an interest in the foundations of Keynes's theories, and anyone seeking to understand current debates regarding macroeconomic policy-making.
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Table of contents
- Cover
- Half Title
- Series Page
- Title
- Copyright
- Dedication
- Contents
- List of figures
- List of tables
- Preface
- Acknowledgments
- 1 Introduction: the sorry, puzzling state of macroeconomics after Keynesâs General Theory
- 2 A classical alternative to the AS-AD model of the price level
- 3 Keynesâs mistaken charge of a classical dichotomy regarding the Quantity Theory of money
- 4 On interpreting a controversial passage in David Humeâs âOf Moneyâ: the impediment of Keynesâs influence
- 5 Milton Friedmanâs misleading influence from interpreting the Great Depression with Keynesâs broadly defined money
- 6 The modern free-banking advocacy: a casualty of Keynesâs broad definition of money
- 7 Saving and capital: Roy Harrodâs failure to recognize Keynesâs misinterpretations in the classical theory of interest
- 8 Saving and the errors of Keynesâs critique of the loanable funds theory of interest
- 9 The IS-MP model: a worse alternative to the IS-LM model
- Bibliography
- Index