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Economics/Finances Keynes's Monetary Theory: A Different Interpretation

Posted on 2010-03-16




Name:Economics/Finances Keynes's Monetary Theory: A Different Interpretation
ASIN/ISBN:0521306159
Language:English
File size:2.3 Mb
Publish Date: 1989
ISBN: 0521306159, 0521022754
Pages: 352 pages
File Size: 2,3 MB
Other Info: Cambridge University Press; Djvu
   Economics/Finances Keynes's Monetary Theory: A Different Interpretation

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Allan H. Meltzer, "Keynes's Monetary Theory: A Different Interpretation"

In this rigorous study of John Maynard Keynes's views on economic theory and policy from 1920-1946, 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.

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