John Maynard Keynes
This book examines the life of John Maynard Keynes, explores his influential writings and theories, and assesses his legacy. Davidson looks at the life of Keynes leading up to the writing of his seminal General Theory, and traces the roots of this work in Keynes's early influences, as well as examining the General Theory in detail, and exploring how it differs from classical theory. The impact of Keynes's work on the economy postwar and up to the present day is also assessed.
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Keyness early intellectual surroundings
Liberalism is Truly a New Way
The Conceptual Difference between Keyness
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aggregate demand aggregate demand function aggregate supply aggregate supply function and/or assumed Bretton Woods capital central bank classical axioms classical economic classical economic theory classical theory comparative advantage Consequently consumption costs current income decision makers deficit domestic durables economic growth economic system effective demand elasticity entrepreneurs equilibrium ergodic axiom existence exports financial markets foreign full employment global gross substitution IMCU immutable imports income earned increase inflation Keynes argued Keynes's analysis Keynes's General Theory Keynes's revolutionary Keynesian labor laissez-faire law of comparative liquid assets long run macroeconomic mainstream economists market maker market price mathematical ment models monetary money contracts money wages money-using neutrality of money nomic nonergodic output Paul Samuelson percent Plan post-Walrasian postwar problem products of industry purchase rational expectations real world result Samuelson savers savings Say's Law short run Skidelsky spot market store of value theorists tion today's trade balance uncertain uncertainty United Walrasian workers