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Macroeconomic Analysis in the Classical Tradition - The Impediments Of Keynes's Influence (Hardcover)
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Macroeconomic Analysis in the Classical Tradition - The Impediments Of Keynes's Influence (Hardcover)
Series: Routledge Studies in the History of Economics
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Macroeconomic Analysis in the Classical Tradition explains how the
influence of Keynes's macroeconomics, including his changed
definitions of some key macroeconomic concepts, has impeded many
analysts' ability to readily resolve disputes in modern
macroeconomics. Expanding on his earlier work-Macroeconomics
without the Errors of Keynes (2019)-the author delves into more
aspects of macroeconomic theory and argues for a revision of
Keynes's contribution to the field. Attention is given to theories
and concepts such as Say's Law, the quantity theory of money, the
liquidity trap, the permanent income hypothesis, 100% money, and
the Phillips curve analysis. The chapters work to build a careful
critique of Keynes's economics and make the case that the classical
macroeconomics of Smith, Say, Ricardo, Mill, and others could help
resolve present-day policy disagreements and redefine macroeconomic
priorities. This book provides essential reading for advanced
students and scholars with an interest in the foundations of
Keynes's theories and current debates within macroeconomic policy.
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