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Keynes's Monetary Theory

Name: Keynes's Monetary Theory
Brand: Cambridge University Press
SKU: 02018325
Price: 69.29 EUR
Availability: InStock
Author: Allan H. Meltzer
ISBN: 9780521022750

A Different Interpretation

Allan H. Meltzer

Language

English

Book Paperback

Libristo code: 02018325

Publishers Cambridge University Press, November 2005

In this rigorous 1989 study of John Maynard Keynes's views on economic theory and policy from 1920–4... Full description

Libristo code: 02018325

169 b

69.29 €

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In this rigorous 1989 study of John Maynard Keynes's views on economic theory and policy from 1920–46, Professor Meltzer argues that some of Keynes's main ideas have been ignored or misstated. While attention has focused on short-term countercyclical policies, the main policy implications have been neglected. Keynes placed great emphasis on rules, predictability, and reduction of uncertainty. In keeping with his theoretical work, he opposed discretionary fiscal changes and favored rules to reduce instability and increase the capital stock. These policies are consistent with, and provide evidence for, the interpretation of Keynes's theory developed here.