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Henry A. Abbati: Keynes' Forgotten Precursor: Selected Writings (routledge Studies In The History Of Economics) by Henry A Abbati; Serena Di Gaspare is a book available to read on EtoBox.

What is Henry A. Abbati: Keynes' Forgotten Precursor: Selected Writings (routledge Studies In The History Of Economics) about?

Henry A. Abbati was not an economist by profession. After retiring from business, in 1924 he published his first book, The Unclaimed Wealth: How Money Stops Production in which he expounded his theory of ‘effective demand'(terminology of his own) and its differences with respect to current theories on economic fluctuations. He was advocating public intervention in the economy in the crisis. His second book, The Final Buyer marshalled his criticisms of current theories and further clarified salient aspects of his theory, such as ‘saving'and its various definitions, the working of the banking system, the interest rate and the role of public works as a means of reducing unemployment. Later work in the 30s and 40s looked at full employment, reflections on the economic crisis and further analysis of the concept of unclaimed wealth.In many ways Abbati's work in the twenties was an important precursor to Keynes'Treatise on Money, though despite being admired by Robertson and indeed Keynes, his work is today largely unknown and entirely ignored by the numerous authors who have examined the debate of the twenties and thirties on the crises and business cycles and by academic opinion in gene

Author

Henry A Abbati; Serena Di Gaspare

Publisher

Routledge taylor & Francis Group

Published

2011

Language

EN

ISBN

9781138865600

Subjects

Economics, Business, History