Aktion	Zweigstelle	Standorte	Status	Frist	Vorbestellungen
Vorbestellen	Zweigstelle: 07., Urban-Loritz-Pl. 2a	Standorte: GW.V FS.E Tayl / College 6x - Magazin: bitte wenden Sie sich an die Infotheke	Status: Verfügbar	Frist:	Vorbestellungen: 0

 

Verlagstext:

It is now widely agreed that mainstream macroeconomics is irrelevant and that there is need for a more useful and realistic economic analysis that can provide a better understanding of the ongoing global financial and economic crisis. Lance Taylor's book exposes the unrealistic assumptions of the rational expectations and real business cycle approaches and of mainstream finance theory. It argues that in separating monetary and financial behavior from real behavior, they do not address the ways that consumption, accumulation, and the government play in the workings of the economy. Taylor argues that the ideas of J.M. Keynes and others provide a more useful framework both for understanding the crisis and for dealing with it effectively. Keynes' basic points were fundamental uncertainty and the absence of Say's Law. He set up machinery to analyze the macro economy under such circumstances, including the principle of effective demand, liquidity preference, different rules for determining commodity and asset prices, distinct behavioral patterns of different collective actors, and the importance of thinking in terms of complete macro accounting schemes. Economists working in this tradition also worked out growth and cycle models. Employing these ideas throughout "Maynard's Revenge", Taylor provides an analytical narrative about the causes of the crisis, and suggestions for dealing with it."[A] combative and tightly argued book on the collapse of the recent consensus in economics. Taylor strives to reinstate not just Keynes but an entire school of economics...The tone of the book fluctuates between being clinically academic and sharply polemical, a delightful combination often seen in the writings of Keynes himself...The deeper point Taylor makes is that much of modern economics is actually derived from insights provided by economists in previous ages. He powerfully illustrates this in almost every chapter in his book."

— Niranjan Rajadhyaksha

 

/ AUS DEM INHALT: / / / 1 Macroeconomics 1

2 Macroeconomic Thought during the

Long Nineteenth Century 28

3 Gold Standard, Reparations, Mania, Crash,

and Depression 86

4 Maynard Ascendant 114

5 Keynesian Growth, Cycles, and Crisis 173

6 The Counterrevolution 221

7 Finance 255

8 The International Dimension 304

9 Keynesianism and the Crisis 337