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Keynes, John Maynard --- Say, Jean-Baptiste --- Markets --- Demand (Economic theory) --- Keynesian economics --- Macroeconomics --- Say's law --- History --- Say, Jean Baptiste, --- Keynes, John Maynard, --- Macroeconomics - History --- Say, Jean Baptiste, - 1767-1832 --- Keynes, John Maynard, - 1883-1946
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"This innovative book focuses on the current global financial crisis and the inadequacies of the economic theories being used to guide policy. In so doing, it tackles the economic theories that have been used firstly to understand its causes and thereafter to contain the damage it has brought." "The contributors bring together different perspectives from across the entire spectrum of economic opinion to examine what is likely to be the single most important economic problem of our time. The unifying feature is that all of the authors disagree with the standard mainstream neo-classical models being applied in attempting to comprehend what has gone on and then, more importantly, to devise policies to bring this recession to an end. The problems that modern macroeconomics may have caused in being the basis for economic policy are addressed, and it is concluded that the deepening problems found in economies across the developed world are not due to governments having refused to take the advice of their economic advisors but are in many respects due to their actually having taken this advice." "Suggesting alternative ways of understanding how economies work so that other types of policies might be used instead, this book will prove a fascinating read not just for scholars and policy-makers concerned with our macroeconomic and financial problems but for anyone interested in deepening their understanding of our contemporary economic debate."--BOOK JACKET.
Macroeconomics --- Global Financial Crisis, 2008-2009 --- 339 --- Global Economic Crisis, 2008-2009 --- Subprime Mortgage Crisis, 2008-2009 --- Financial crises --- Economics --- E-books --- Global Financial Crisis, 2008-2009. --- Macroeconomics. --- Finanzkrise. --- Makroökonomie. --- Theorie. --- Weltwirtschaft. --- AA / International- internationaal --- 331.31 --- 333.17 --- Economisch beleid. --- Crises, saneringen en hervormingen van het bankwezen. --- Economisch beleid --- Crises, saneringen en hervormingen van het bankwezen
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Possibly the strangest phenomenon in all of economics is the absence of a long tradition of criticism focused on Keynesian economic theory. Keynesian demand management has been at the centre of some of the worst economic outcomes in history, from the great stagflation of the 1970s to the lost decade and more in Japan following the expenditure program of the 1990s. And once again, following the Global Financial Crisis, it is incontrovertible that no stimulus program in any part of the world has been a success, each one having been abandoned as conditions deteriorated under the weight of public.
Keynesian economics. --- Keynes, John Maynard --- Keynesian economics
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This book explains the importance of the history of economic thought in the curriculum of economists, whereas most discussions of this kind are devoted only to explaining why such study is of value simply to the individual economist. Steven Kates reaches out past the individual to explain the crucial importance of the history of economic thought in the study of economics itself; without its history at the core of the curriculum, he contends, economics is a lesser subject, less penetrating, less interesting and of much less social value. The author argues that it is the orientation that historians of economic thought give to economics in general that may be one of HETs greatest virtues, with the mainstream continuously challenged because historians of economics keep bringing other, perhaps wrongly neglected, economic traditions into the conversation. This book clarifies not just why anyone who wishes to understand economic theory must understand the history of economics but also, and much more importantly, why the history of economic thought must be preserved as a core component within the economics curriculum if economic theory is to progress. This fascinating and thought-provoking book will prove invaluable reading for academics, researchers, lecturers and students across the expansive economics field.
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SAY (JEAN-BAPTISTE), 1767-1832 --- MACROECONOMIE --- HISTOIRE --- SAY (JEAN-BAPTISTE), 1767-1832 --- MACROECONOMIE --- HISTOIRE
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