Keynes
Subtitle: useful economics for the world economy
By: Peter Temin and David Vines
Contributors: Vines, David
Publisher: MIT Press
Published: 2014
Language: eng
Number of pages: 117
ISBN-13: 9780262028318; 9780262528993
Subjects: Economics; Economists; Keynesian economics; History
Description: As the global economic crisis continues to cause damage, some policy makers have called for a more Keynesian approach to current economic problems. In this book, economists Peter Temin and David Vines provide an accessible introduction to Keynesian ideas that connects Keynes's insights to today's global economy and offers readers a way to understand current policy debates. They survey economic thinking before Keynes and explain how difficult it was for Keynes to escape from conventional wisdom. They set out the Keynesian analysis of a closed economy and expand the analysis to the international economy, using a few simple graphs to present Keynes's formal analyses in an accessible way. They discuss problems of today's world economy, showcasing the usefulness of a simple Keynesian approach to current economic policy choices. Keynesian ideas, they argue, can lay the basis for a return to economic growth.
Notes: Includes bibliographical references (pages 113-114) and index.
Table of contents: title: Economics before Keynes, I : Hume; title: Keynes at Versailles; title: Keynes at the Macmillan Committee; title: Economics before Keynes, II : Marshall; title: The general theory; title: IS-LM curves; title: The liquidity trap; title: Keynes at Bretton Woods and the Swan diagram; title: The Keynesian age, crises and reactions; title: An international paradox of thrift.