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Reinterpreting Mr. Keynes - The IS-LM Enigma Revisited (Paperback, 1st ed. 2022)
Loot Price: R2,515
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Reinterpreting Mr. Keynes - The IS-LM Enigma Revisited (Paperback, 1st ed. 2022)
Series: Springer Studies in the History of Economic Thought
Expected to ship within 10 - 15 working days
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This book examines the origins of the IS-LM model, one of the most
significant innovations in the history of economic thought. It
shows that the complete IS-LM model, including the equations and
diagram, was produced by a group of economists who contributed
their respective mathematical models of Keynes's General Theory,
including Champernowne, Reddaway, Harrod, and Meade, not to mention
Hicks. Furthermore, the book discusses the implications of newly
discovered archival material, including a previously overlooked
document showing that John Maynard Keynes himself was the first to
present the IS-LM model equations in a lecture he gave on December
4, 1933. It focuses on the implications of this material in terms
of understanding the evolution of Keynes's approach from 1933 to
1937, later interpreters of his General Theory, and the ongoing
debate between Keynesians and Post-Keynesians on the nature of his
system. Given the revelations it presents, this book will transform
the profession's understanding of the origins of the IS-LM model
and modern macroeconomics.
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