Millennial Keynes : an introduction to the origin, development, and later currents of Keynesian thought /
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| Author / Creator: | Ventelou, Bruno. |
|---|---|
| Uniform title: | Lire Keynes et le comprendre. English |
| Imprint: | Armonk, N.Y. : M.E. Sharpe, c2005. |
| Description: | xi, 200 p. : ill. ; 24 cm. |
| Language: | English |
| Subject: | |
| Format: | Print Book |
| URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/5548415 |
Table of Contents:
- Acknowledgments
- Introduction: Keynesian Economics and the American Polity
- The Social Security Debate and the Emergence of Anti-Keynesian Political Leadership
- Environmental Politics
- Conclusion
- Notes
- Chapter 1
- Keynes's Childhood, His Studies, His Clubs
- Keynes's Professional Life
- Government Posts and Feckless Negotiations
- Keynes's Political Engagements: The Manifestos, the Pamphlets, and the Economic History of the 1920s and 1930s
- Conclusion
- Chapter 2. Economic Thought on the Eve of the General Theory
- The English Tradition of Partial Equilibrium Theory
- Alfred Marshall and Sectors of Economic Activity
- The Role of Time in Marshall's Principles
- Marshall's Theoretical Dead Ends: The Very Long Period, the Question of Returns to Scale, and Sraffa's Critique
- Arthur Cecil Pigou: The Real Balance Effect
- Marshall and Pigou's Monetary Theory: Macroeconomics and the Real Balance Effect
- Pigou's Theory of Unemployment
- The General Equilibrium Perspective
- Leon Walras and Interdependence
- General Equilibrium Theory: Its Intrinsic Logic
- General Equilibrium: A Host of Problems
- Irving Fisher, Time, and Money in the Theory of General Equilibrium
- Money in the Theory of General Equilibrium
- Time in General Equilibrium Theory: The Loanable Funds Market
- Conclusion: Keynes's Intellectual Culture
- Notes
- Chapter 3. Keynes Before The General Theory
- The Treatise on Money
- The Analysis of Economic Fluctuations
- The Paradox of the Indirect Effect
- The Credit Cycle
- Mathematics and the Treatise on Money
- Definitions, Accounting Equations, the Fundamental Equation
- Results of the Fundamental Equation
- The Fundamental Equation: An Error?
- Conclusion: From the Treatise on Money to the General Theory
- What Premises Did Keynes Have to Give Up?
- What Was Left of the Treatise?
- The Treatise on Probability
- The Nature of Chance: The Impossibility of the "Frequentist Position"
- The Urn Example: How We Experience Real Events, from Risk to Uncertainty
- The Distinction Between Probability and Weight
- The Uncertain and the Unknown
- Keynes's Position on Logical Probability
- Probability as an Expression of Weak Logic
- Rules for Calculating Logical Probabilities
- The Relevance and Methodological Value of a Logical Position
- Russell, Wittgenstein, Keynes
- Keynes, Ramsey, and Savage
- Methodological Impact
- Conclusion: A Simplified Equation
- Notes
- Chapter 4. The General Theory (I): A Reader's Guide
- The Labor Market: Point of Departure for Keynes's Causal Framework
- The Postulates of the Classical Economics
- The Classical Position
- Keynes's Position: Involuntary Unemployment
- Rigidity of Nominal Wages, Real Wages, and Prices
- Nominal Wage Rigidity: A Necessary But Insufficient Condition
- Real-Wage Rigidity and Price Rigidity: A General Perspective
- The Equivalence Postulate and the Causal Nexus
- General Equilibrium: Uncertainty, Money, and the Interest Rate
- Uncertainty and Decision Making by Entrepreneurs: The Principle of Effective Demand
- Expected Demand and Effective Demand as a Principle
- The Missing Auctioneer and the Asymmetry of Entrepreneurs
- Say's Law and Self-Fulfilling Expectations
- Uncertainty, the Interest Rate, and Money: The Liquidity Principle
- Uncertainty and Money: The Speculative Motive
- Liquidity and Specific Interest Rates: A General Theory for Holding Durable Wealth
- Reviewing the Causal Nexus: Uncertainty, Hydraulic Thinking, and How to Represent Something by Its Opposite
- The ôHydraulic Summaryö of Keynes's Causal Nexus
- Between the Cup and the Lip: Uncertainty and the Inadequacies of the Hydraulic Model
- Conclusion: A Call to Action
- Notes
- Chapter 5. The General Theory (II): Macroeconomics
- The Interest Rate as the Core Analytic Problem of Economics
- Wicksell's Economic Cycle: A Summary
- Wicksell's Economic Cycle: Some Analysis
- The Austrian Capital Theory and the Concertina Effect
- The Concertina Effect: Some Analysis
- Prior Savings vs. Post-Savings
- Prior Savings: Principles and Arguments
- Semantic Questions: Equality or Identity of I-S? Towards a Spending Economy
- The Savings-Investment Adjustment Process: The Simple Multiplier Effect and Its Extensions
- Post-Savings and the Simple Multiplier Effect
- The Simple Multiplier Effect: How It Works
- An Underlying Assumption: The Lack of a Liquidity Constraint. Bank Credit to the Rescue of the Simple Multiplier Effect
- Is-Lm with Fixed and Flexible Prices
- The Is-Lm Model: How It Is Built, How It Works
- The Is-Lm Model and Fixed Prices: Verticalists Versus Horizontalists
- Is-Lm and Flexible Prices: The Patinkin Interpretation
- Conclusion: Synthesizing Keynes?
- Notes
- Chapter 6. Five Readings of Keynes
- The First "Synthesis": IS-LM and Its Extensions
- The Post-Keynesians
- The Circuit School
- The Second Synthesis: The New Keynesian Economics
- Interpretations Based on Radical Uncertainty
- Conclusion: The Radical versus the Pragmatic Programs of Keynesian Interpretation
- Notes
- Chapter 7. Keynes: Daring in Policy and Intellect
- Bibliography
- Index
- About the Author and Translator
