Keynes's Monetary Theory: A Different Interpretation,Used

Keynes's Monetary Theory: A Different Interpretation,Used

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SKU: SONG0521306159
Brand: Cambridge University Press
Condition: Used
Regular price$40.96
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In this rigorous study of John Maynard Keynes's views on economic theory and policy from 19201946, Professor Meltzer argues that some of Keynes's main ideas have been ignored or misstated. While attention has focused on shortterm 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.

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