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The Keynesian Revolution, Then and Now - The Selected Essays of Robert Eisner, Volume One (Hardcover, 20th ed.)
Loot Price: R4,809
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The Keynesian Revolution, Then and Now - The Selected Essays of Robert Eisner, Volume One (Hardcover, 20th ed.)
Series: Economists of the Twentieth Century series
Expected to ship within 12 - 17 working days
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Robert Eisner has made a seminal contribution to the development of
macroeconomic analysis in the latter half of the twentieth century.
This carefully edited selection of his essays traces the
development of economic thought in the wake of the Keynesian
revolution and offers a critique of the neoclassical contribution
to economic analysis and major macroeconomic policy
issues.Professor Eisner is fundamentally concerned with the
determinants of employment and growth in a market economy. In this
book, he provides a rigorous analysis of the permanent income
hypothesis, the multiplier, interest rates, the liquidity trap,
consumption and saving, depreciation, unemployment and growth
models. He goes on to examine fiscal and monetary policy and the
measurement and effects of budget deficits over the post-war
period, challenging the view that budget deficits should
necessarily be avoided. Professor Eisner also offers new measures
of saving, investment and national income and product, which
provide new insights into the economic factors affecting current
welfare and future growth. Finally, he discusses the importance of
full employment and criticises the idea that there is a natural
rate of unemployment.
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