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Synopsis
This book makes Keynes's writings in his General Theory accessible to students by presenting this theory in a careful, consistent manner that is faithful to the original. Keynes's theory continues to be important, because the issues it raised, such as the problems of involuntary unemployment, the volatility of investment, and the complexity of monetary arrangements in modern capitalist economies, are still with us. Keynes's method of analysis, which tries to allow for the complications of dealing with historical time, deserves the careful attention given in this book. Keynes's formal analysis dealt only with a short period of time during which changes in productive capacity as a result of net investment were small relative to initial productive capacity. Roy Harrod and Joan Robinson were the two most prominent followers of Keynes who attempted to extend his analysis to the long period by allowing for the effects of investment on productive capacity as well as on effective demand. The careful examination of their writings on this topic is a natural complement to the presentation of Keynes's General Theory and makes clear the severe limitations on any use of equilibrium concepts in dealing with accumulation in models which try to observe Keynes's warnings about an unknowable future in the type of world we inhabit.
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From the Back Cover
This book makes Keynes's writings on the General Theory accessible to students by presenting this theory in a careful, consistent manner that is faithful to the original. It will continue its original aim of analyzing contemporary economic problems by exploring a broad range of alternative approaches to mainstream economics.
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Keynes Gen Theory and Accumulation (Modern Cambridge Economics Series)
Published by
Cambridge University Press, 1991
ISBN 10: 0521368154
ISBN 13: 9780521368155
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Keynes Gen Theory and Accumulation (Modern Cambridge Economics Series)
Published by
Cambridge University Press, 1991
ISBN 10: 0521368154
ISBN 13: 9780521368155
Used
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Keynes's General Theory and Accumulation
Published by
Cambridge University Press, 1991
ISBN 10: 0521368154
ISBN 13: 9780521368155
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Keynes's General Theory and Accumulation
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ISBN 10: 0521368154
ISBN 13: 9780521368155
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Keynes Gen Theory and Accumulation (Modern Cambridge Economics Series)
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ISBN 10: 0521368154
ISBN 13: 9780521368155
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Keynes Gen Theory and Accumulation (Modern Cambridge Economics Series)
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Keynes's General Theory and Accumulation
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Keynes's General Theory and Accumulation (Paperback)
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ISBN 10: 0521368154
ISBN 13: 9780521368155
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Paperback. Condition: new. Paperback. This book makes Keynes's writing on his General Theory accessible to students by presenting this theory in a careful, consistent manner that is faithful to the original. Keynes's theory continues to be important, because the issues it raised, such as the problems of involuntary unemployment, the volatility of investment, and the complexity of monetary arrangements in modern capitalist economies, are still with us. Keynes's method of analysis, which tries to allow for the complications of dealing with historical time, deserves the careful attention given in this book. Keynes's formal analysis dealt only with a short period of time during which changes in productive capacity as a result of net investment were small relative to initial productive capacity. Roy Harrod and Joan Robinson were the two most prominent followers of Keynes who attempted to extend his analysis to the long period by allowing for the effects of investment on productive capacity as well as on effective demand.The careful examination of their writings on this topic is a natural complement to the presentation of Keynes's General Theory and makes clear the severe limitations on any use of equilibrium concepts in dealing with accumulation in models that try to observe Keynes's warnings about an unknowable future in the type of world we inhabit. Attempts to make Keynes' writings on his "General Theory" accessible to students by presenting this theory in a careful, consistent manner that is faithful to the original. Shipping may be from our UK warehouse or from our Australian or US warehouses, depending on stock availability. Seller Inventory # 9780521368155
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