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KEYNES, COORDINATION AND BEYOND

KEYNES, COORDINATION AND BEYOND

The Development of Macroeconomic and Monetary Theory since 1945

by Harry Garretsen
Hardback
Publication Date: 01/01/1992

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This book proposes that the coordination problems lies at the heart of Keynes' economics and argues that Keynes' message got lost in the post-war period. The text develops an extension of Keynes' ideas within a general equilibrium framework and within alternative frameworks such as Austrian economics. It is demonstrated that in the absence of a co-ordinating device like the Walrasian auctioneer or in the presence of uncertainty, co-ordination can no longer be superimposed. This ultimately implies that apart from some notable exceptions, the Keynesian revolution was in fact stifled at birth because the validity of the central concepts of microeconomics have never been challenged.
ISBN:
9781852786205
9781852786205
Category:
Macroeconomics
Format:
Hardback
Publication Date:
01-01-1992
Publisher:
Edward Elgar Publishing Ltd
Country of origin:
United Kingdom
Pages:
240
Dimensions (mm):
234x156mm
Weight:
0.56kg

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