Keynes Betrayed: The General Theory, the Rate of Interest and 'Keynesian' Economics

✍ Scribed by Geoff Tily

• Publisher: Palgrave Macmillan
• Year: 2010
• Tongue: English
• Leaves: 370
• Edition: Reprint
• Category: Library

✦ Synopsis

This book argues that Keynesian economists have betrayed Keynes' theory and policy conclusions, and that the world has been misled about those policies. Keynesians have focused attention on policies for dealing with effects of economic failure as they arise, whereas Keynes was concerned with the cause and then the prevention of economic failure.

✦ Table of Contents

Cover......Page 1
Contents......Page 8
List of Figures and Tables......Page 9
List of Abbreviations......Page 10
Acknowledgements......Page 11
Preface to the Paperback Edition......Page 12
1 Introduction......Page 24
Part I: History......Page 34
2 Monetary Economics and Monetary Policy......Page 36
3 JMK and the Fourth Grand Monetary Discussion......Page 60
4 The Origins of ‘Keynesian’ Economics......Page 115
Part II: Theory......Page 154
5 Theory: Preliminary Discussion......Page 156
6 The Saving–Investment Identity and the Transition from the Treatise to the General Theory......Page 175
7 The Theory of Liquidity Preference and Debt-Management Policy......Page 206
8 The Monetary Theory of Real Activity......Page 249
Part III: Macroeconomics After Keynes......Page 272
9 Keynes’s Response to ‘Keynesian’ Economics......Page 274
10 The ‘Keynesian’ Counter-Revolution and After......Page 294
11 The General Theory and the ‘Facts of Experience’......Page 314
12 Conclusion......Page 335
Bibliography......Page 348
Index......Page 360