Keynes's Monetary Theory
A Different Interpretation
By (author) Allan H. Meltzer
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Keynes's Monetary Theory by Allan H. Meltzer
Book DescriptionIn this rigorous 1989 study of John Maynard Keynes's views on economic theory and policy from 1920-46, 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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Book DetailsISBN: 9780521306157
(228mm x 152mm x 24mm)
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 24-Feb-1989
Country of Publication: United Kingdom
Books By Author Allan H. Meltzer
History of the Federal Reserve, Paperback (September 2014)
Spanning the period from the institution's founding in 1913 to the restoration of its independence in 1951, this title chronicles the evolution and development of the Federal Reserve from the Federal Reserve Accord in 1951 to the first phase of the Great Inflation in the 1960s, revealing the inner workings of the Fed during a period of change.
Why Capitalism?, Hardback (April 2012)
Why Capitalism? addresses the current debate among politicians, scholars in the political sciences, and general readers on the benefits and the supposed shortcomings of capitalism.
Keynes's Monetary Theory, Paperback (November 2005)» View all books by Allan H. Meltzer
This rigorous 2009 study of Keynes's views on economic theory and policy from 1920-1946 argues that some of Keynes's main ideas have been ignored or misstated.
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