Macroeconomics after Keynes: A Reconsideration of the General Theory
|Rating||:||4.24 (849 Votes)|
|Number of Pages||:||356 Pages|
Chick overlooked chapters 20 and 21 of the General Theory Michael Emmett Brady Chick(C)successfully analyzes a modified version of Keynes's General Theory(GT)in this book.The exposition requires an indepth knowledge of the first semester of calculus,as well as intermediate microeconomics and macroeconomics,on the part of the reader.I recommend this book for readers who have covered the prerequisites mentioned above.Many of Keynes's results can be derived from the model used by C.Unfortunately,C has used a version of the Paul Davidson model, which Davidson extracted from the 1954-1956 articles on Keynes's aggregate supply function
"An authoritative study not only of Keynes's contributions in The General Theory and The Treatise but also of the relevance of these contributions to modern problems. This is an ideal teaching book. It is written with a quiet authority which gives the reader the confidence to feel that this is the authentic interpretation." - Geoffrey Harcourt, University of Adelaide "Ms. Essentially her overriding principle is that the Keynesian system should be interpreted in the context for which it was written, and must not be throughtlessly adapted to quite different economic regimes."
Keynes's The General Theory of Employment, Interest and Money results from the author's experience in using Keynes's book as the core of her macroeconomics courses for undergraduates. This reassessment of J.M. It is intended to encourage others to bring the General Theory back into mainstream teaching, because it "gives a far richer understanding of the structure of macroeconomic interactions and methods of analysing them than much of what has been written since."