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ISBN 10: 0198092113
ISBN 13: 978-0198092117
Author: Toshiaki Hirai, Maria Cristina Marcuzzo, Perry Mehrling
The global financial crisis, which began in August 2007 and continues with no end in sight, has thrown macroeconomics into turmoil. This book challenges the current mainstream macroeconomic tradition, rejecting the view that whatever shock hits the economy, the response is an automatic and rapid move towards market equilibrium that pulls the economy out of any kind of difficult situation. Engaging with the structural problems of our times, especially in the context of the global financial crisis, the essays not just engage with Keynesian economics, but also adapt and go beyond it as per the requirements of present conditions. The essays apply the 'Keynesian spirit' to cover four broad areas: effective demand in the crisis, economic theory in the context of world recession, money and international liquidity, and finance and international economic disorder. Suggesting an alternative future of macroeconomics, this volume inspires and provokes new economic thinking that is needed for the world today.
Chapter1 : Introduction
Chapter 2: Content
Chapter 3: Conclusion
Chapter 4: Appendices
Chapter 5: Glossary
Chapter 6: References
Chapter 7: Index
keynes effective demand theory
keynesian framework
keynesian demand management
keynesian economics demand side
keynesian framework definition
Tags: Toshiaki Hirai, Maria Cristina Marcuzzo, Perry Mehrling, Keynesian Reflections, Effective Demand
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