Classical Macroeconomics: Some Modern Variations and Distortions: 61 (Routledge Studies in the History of Economics)
Language: English
Published by Routledge, 2003
Series: Book 27 of 232 - Routledge Studies in the History of Economics
- Hardcover
- New
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The Great Depression and Keynes's definition of economic concepts made it difficult for modern economists to appreciate the classical insights. This book clarifies the classical explanations to resolve the continuing disputes. Series: Routledge Studies in the History of Economics. Num Pages: 276 pages, 10figs. BIC Classification: KCB. Category: (G) General (US: Trade); (P) Professional & Vocational; (U) Tertiary Education (US: College). Dimension: 234 x 156 x 19. Weight in Grams: 544. . 2003. 1st Edition. hardcover. . . . . Books ship from the US and Ireland.
Seller Inventory # V9780415153324
- Title
- Classical Macroeconomics: Some Modern Variations and Distortions: 61 (Routledge Studies in the History of Economics)
- Author
- Ahiakpor, James C.W.
- Publisher
- Routledge
- Publication year
- 2003
- Condition
- New
- Binding
- Hardcover
- Language
- English
- ISBN 10
- 0415153328
- ISBN 13
- 9780415153324
- Series
- Book 27 of 232: Routledge Studies in the History of Economics
John Maynard Keynes failed to correctly interpret classic economic concepts, and dismissed the classical explanations and conclusions as being irrelevant to the world in which we live. The trauma of the Great Depression and Keynes's changed definition of economic concepts, aided by Eugen Böhm-Bawerk, have made it difficult for modern economists to fully appreciate the classical insights.
This outstanding book clarifies the classical explanations to resolve the continuing theoretical and policy disputes. Key chapters include:
- On the Definition of Money
- Keynes's Misinterpretation of the Classical Theory of Interest
- The Classical Theory of Growth and Keynes's Paradox of Thrift
- The Mythology of the Keynesian Multiplier
This unique book demonstrates that it is Keynes's understanding of some fundamental classical economic concepts which is at fault, and extends its analysis to other modern contributions in macroeconomics.
"Synopsis" may belong to another edition of this title.
About the Author
Professor James Ahiakpor teaches economics at the California State University, Hayward, and was Department chair, 1994-2000. His restatements of classical macroeconomics have appeared in the History of Political Economy, Southern Economic Journal, Journal of the History of Economic Thought, American Journal of Economics and Sociology and Indepedent Review. He contributed to and edited Keynes and the Classics Reconsidered (1998)
"About the title" may belong to another edition of this title.
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