Keynes, Money and Monetarism: The Eighth Keynes Seminar held by Roger Hill

Posted by

By Roger Hill

Show description

Read or Download Keynes, Money and Monetarism: The Eighth Keynes Seminar held at the University of Kent at Canterbury, 1987 PDF

Similar business & finance books

Privatization, Regulation and Deregulation

During this moment version of Privatization, law and Deregulation, the writer has up to date and augmented the unique fabric to take account of advancements over the past five years. This quantity comprises ten thoroughly new chapters and assurance of the severe interval from 1981to the current. The booklet presents a different perception into the privatization and regulatory method.

Communication: Leading 08.08

Speedy song path to learning all points of winning verbal exchange Covers the foremost components of verbal exchange, from figuring out your viewers to figuring out physique language, and from development networks of contacts to utilizing tales Examples and classes from benchmark companies, together with American exhibit and The physique store and concepts from the neatest thinkers, together with Naomi Klein, Richard Lewis and Frances Cairncross encompasses a word list of key innovations and a finished assets advisor Roger Cartwright is a expert and writer focusing on organizational behaviour, administration, shopper care and tourism.

Additional info for Keynes, Money and Monetarism: The Eighth Keynes Seminar held at the University of Kent at Canterbury, 1987

Sample text

Both of these arguments deny axioms of neoclassical economics. He partly uses them himself and he 27 28 KEYNES, MONEY AND MONETARISM partly attributes them to Keynes or says that Keynes was groping towards these particular arguments. The first point he emphasised is that money is not a gross substitute for other assets and goods. The second is that the economic system is not 'ergodic'. One question that occurs to me is whether there is some logical connection between the two axioms that Professor Davidson is denying so that if one gets defeated they both must fall or whether they have a separate life.

Monetarists avoid talking about this long-run loss in real income by assuming that in the long run money is neutral and therefore it does not affect the long run growth in real income of society. Keynes, General theory, p. 239. , p. 239. Keynes, Treatise, vol. I, p. 169. , vol. II, p. 351. 26 KEYNES, MONEY AND MONETARISM 49. K. J. Arrow and F. H. Hahn, General Competitive Anarysis (San Francisco: Ho1denDay, 1971), pp. 356-7. 50. , p. 361. 51. Keynes, General Theory, p. 231. DISCUSSION Official discussant, Professor Alan Budd: I understand that my task is to get the discussion of this extremely interesting and provocative paper started rather than to start the discussion myself.

In practice, ratios of public sector debt and bank lending to GDP fluctuate substantially over time.

Download PDF sample

Rated 4.32 of 5 – based on 36 votes