Keynes and The General Theory Revisited

Keynes and The General Theory Revisited

Author: Axel Kicillof

Publisher: Routledge

Published: 2017-07-31

Total Pages: 390

ISBN-13: 1351601253

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Every time the economy goes through a period of crisis, Keynes’ name is called upon by economists and politicians from diverse backgrounds. However, 70 years after the publication of The General Theory of Employment, Interest and Money, specialists are still far—maybe everyday further—from reaching agreement about the genuine contents of Keynes’ most important work. This controversy has been marked by a paradoxical turn: it is above all the literature about Keynes which, in the last decades, has imposed the terms of the debate, while The General Theory lacks readers. Accused by both its detractors and admirers of being a confusing book that is inconsistent and even plagued with logical errors, the most important contribution of the most influential economist of the 20th century has been condemned to be forgotten or, at best, to live uncomfortably in the voices of those who have spoken on his behalf. This book is the result of rigorous critical research which reconstructs the spectrum of discussion surrounding Keynes’ main work. The book begins by describing the historical background and the state of the pre-Keynesian economic theory, subsequently immersing the reader in a concise but detailed—as well as innovative— interpretation of the original text. The revision of some of the main interpretative currents prepares the field for the book’s ultimate contribution: the identification of the fundamentals that sustain the analytical structure of The General Theory. At the same time, this exploration of the theoretical fundamentals of The General Theory makes this book an original intervention on the genesis and relevance of the divide between micro and macroeconomics—a division that has been fully accepted by contemporary macro theorists.


The Macroeconomics of Populism in Latin America

The Macroeconomics of Populism in Latin America

Author: Rudiger Dornbusch

Publisher: University of Chicago Press

Published: 2007-12-01

Total Pages: 416

ISBN-13: 0226158489

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Again and again, Latin America has seen the populist scenario played to an unfortunate end. Upon gaining power, populist governments attempt to revive the economy through massive spending. After an initial recovery, inflation reemerges and the government responds with wage an price controls. Shortages, overvaluation, burgeoning deficits, and capital flight soon precipitate economic crisis, with a subsequent collapse of the populist regime. The lessons of this experience are especially valuable for countries in Eastern Europe, as they face major political and economic decisions. Economists and political scientists from the United States and Latin America detail in this volume how and why such programs go wrong and what leads policymakers to repeatedly adopt these policies despite a history of failure. Authors examine this pattern in Argentina, Brazil, Chile, Mexico, Nicaragua, and Peru—and show how Colombia managed to avoid it. Despite differences in how each country implemented its policies, the macroeconomic consequences were remarkably similar. Scholars of Latin America will find this work a valuable resource, offering a distinctive macroeconomic perspective on the continuing controversy over the dynamics of populism.


The Microeconomics of Income Distribution Dynamics in East Asia and Latin America

The Microeconomics of Income Distribution Dynamics in East Asia and Latin America

Author: François Bourguignon

Publisher: World Bank Publications

Published: 2004

Total Pages: 438

ISBN-13: 9780821358610

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This book is about how the distribution of income changes during the process of income development. Understanding development and the process of poverty reduction requires understanding not only how total income grows but also how its distribution behaves over time. The authors propose a decomposition of differences in entire distributions of household incomes, shedding new light on the powerful, and often conflicting, forces that underpin the changes in poverty and inequality that accompany the process of economic development. This approach is applied to three East Asian countries -- Indonesia, Malaysia, and China -- and to four in Latin America -- Argentina, Brazil, Colombia, and Mexico.


The Analysis of Economic Environment

The Analysis of Economic Environment

Author: María Teresa Freire Rubio

Publisher: ESIC Editorial

Published: 2020-07-07

Total Pages: 87

ISBN-13: 8417914978

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This book makes economic concepts more accessible to all those who want to understand the “logic” behind economics, and tries to go a step further in explaining economic analysis and its usefulness. To do so, it begins by analysing the economy the smallest and most detailed perspective, Microeconomics. Once the criteria for the individual economic decisions have been defined, it will move on to analyse how the economic activities of a country are measured and its main economic problems at an aggregate level, i.e. Macroeconomics and afterwards, it gives greater dimension to the analysis, moving the macroeconomic analysis of a country to an analysis of the International Economy. In short, in order to reach our final analysis and understand international economic relations, we must first understand how economic decisions are made at an individual level, as it is the sum of individual decisions that shape the global economic structure.


Economía para andar por casa

Economía para andar por casa

Author: Pedro Pablo González Vicente

Publisher: Editorial Almuzara

Published: 2012-05

Total Pages: 143

ISBN-13: 8483566958

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Annotation Why do gas prices rise? Can we trust companies that offer to refinance our debt? How does labor reform affect you? Which investments are right for you? At what age should you start your retirement account? Every day we face new questions regarding economic choices and decisions. A renowned economist and three journalists have taken the most common economic doubts that affect almost everyone and have converted them into questions that can be answered in a clear and simple manner, clarifying concepts and demystifying topics.


Global Development Fifty Years after Bretton Woods

Global Development Fifty Years after Bretton Woods

Author: Albert Berry

Publisher: Springer

Published: 2016-07-27

Total Pages: 393

ISBN-13: 134925570X

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The international economic order created at Bretton Woods in 1944 was not crafted with the developing countries principally in mind. Moreover, the nature of the world community has changed profoundly in the last half-century. The problems and opportunities of developing countries have moved to centre stage in today's global economy. The 16 contributors to this volume examine ways in which the international economic system could be reformed in order better to meet the needs and aspirations of the developing world in the coming decades.


Political Crises, Social Conflict and Economic Development

Political Crises, Social Conflict and Economic Development

Author: Andrés Solimano

Publisher: Edward Elgar Publishing

Published: 2005-01-01

Total Pages: 368

ISBN-13: 9781845425715

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Political Crises, Social Conflict and Economic Development is a rare attempt to undertake comparative political economy analysis of the Andean region and thus represents a welcome contribution. . . It is clearly written and will engage scholars interested in Latin America from a wide range of disciplines. Jonathan di John, Journal of Agrarian Change This collection of essays on the political economy of the Andean region goes to the heart of the struggle these smaller economies face in completing crucial reforms and achieving higher growth. Andrés Solimano has brought together the best and the brightest talent from each country, the result being the most compelling analysis ever of how enclave development and a historical dependence on primary exports renders these countries distinctly Andean. As the essays argue, the political solutions and economic remedies must address this phenomenon, rather than mimicking those strategies of the larger emerging market countries in the region. Carol Wise, University of Southern California, US The contributors to this authoritative volume analyze the impact of political crises and social conflict on economic performance in the Andean region of Latin America. The blend of theory and case studies is also relevant for understanding other complex societies in the developing world and transition economies. The book provides illuminating insights on how to understand, and survive, the complicated interactions between volatile politics, unstable democracies, violence, social inequality and uneven economic performance. Recent political economy theories are combined with valuable quantitative and qualitative information on presidential crises, breakdowns of democracy, constitutional reforms, quality of institutions, and social inequality and exclusion to understand actual country realities. Part I provides the conceptual framework and a regional perspective of the book. Part II contains five political economy country studies Bolivia, Colombia, Ecuador, Peru and Venezuela written by leading scholars in the field and former senior policymakers, including a former President. Together, the chapters highlight the detrimental effects of political instability and social conflict on economic growth and stability, as well as the feedback effects from poor economic performance on political instability and institutional fragility. The country studies warn that narrow economic reforms that do not pay adequate attention to politics, institutions and social structures are bound to fail in bringing lasting prosperity and stability to complex societies. Examining new and rich information on episodes of political turmoil, military interventions, forced presidential resignations, constitutional reforms and social uprisings, this book will be required reading for all those interested in the interface of politics and economic development.


Macroeconomics in the Small and the Large

Macroeconomics in the Small and the Large

Author: Axel Leijonhufvud

Publisher: Edward Elgar Publishing

Published: 2009-01-01

Total Pages: 207

ISBN-13: 1848446020

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Roger Farmer is to be congratulated for editing this splendid set of essays in honour of Axel Leijonhufvud. . . I am sure that most of the readers of these essays will be excited and stimulated by their contents. Economic Record This book honors the work of the influential economist Axel Leijonhufvud. His work in macroeconomics, monetary theory and European economic history has spurred great discussion over many years, and the authors of this book comprise some of the very best economists active today. The broad influence of his work is evident in the variety of subjects his readers address. The topics range from Keynesian economics and the economics of high inflation to the micro-foundations of macroeconomics and economic history. The reader will find an intriguing compilation of ideas ranging from bankruptcy and collateral debt, the macroeconomics of broken promises, interest rate setting, growth patterns of macro models, innovation history to macroeconomics with intelligent autonomous agents. Scholars and students of economic history, Keynesian economics and alternative monetary theory will be delighted with the work inspired by this influential thinker.