Can I read The Rise and Fall of Keynesian Economics: An investigation of its contribution to capitalist development (Radical Economics) on EtoBox?

The Rise and Fall of Keynesian Economics: An investigation of its contribution to capitalist development (Radical Economics) by Michael Bleaney (auth.) is a nonfiction available to read on EtoBox.

What is The Rise and Fall of Keynesian Economics: An investigation of its contribution to capitalist development (Radical Economics) about?

o (I nvestment) I nterest rate Figure 1.1 Neoclassical analysis of the loanable funds market investment and consumption demand together to the same level as bifore. The normal adjustment mechanisms of the loanable funds market could therefore resolve any problem of deficient demand. Keynes's objection to this analysis was that it examined the consequences of a fall in investment in only one of the two markets affected. An act of investment constituted a demand for goods as well as for loanable funds. But the consequences of the reduced demand for investment goods were ignored. Here Keynes made use of some ideas first presented by his Cambridge colleague, R. F. Kahn. The background to Kahn's (1931) article was the Treasury's argument, during the 1929 General Election, that public works schemes could not reduce unemployment because they would only siphon off savings that would otherwise be absorbed in private investment projects and would now be unavailable for private borrowers. Kahn's aim was to show that this was untrue: that extra public investment would in fact generate extra savings. The idea was simple. The public works project would generate some extra employment. These peopl

Who reads The Rise and Fall of Keynesian Economics: An investigation of its contribution to capitalist development (Radical Economics)?

Author

Michael Bleaney (auth.)

Publisher

Macmillan Education UK

Published

1985

Language

EN

ISBN

9781349166664

Category

nonfiction

Subjects

Economics, Business, History