1.

Record Nr.

UNINA9910255449103321

Autore

Congdon Tim

Titolo

Keynes, the Keynesians and monetarism / / Tim Congdon

Pubbl/distr/stampa

Cheltenham, UK : , : Edward Elgar Publishing Limited, , 2007

©2007

ISBN

9786613220462

9781283220460

1283220466

9781847206923

1847206921

Descrizione fisica

1 online resource (356 p.)

Disciplina

332.4941

Soggetti

Monetary policy - Great Britain

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

Copyright --  Contents --  Figures --  Tables and boxes --  Preface --  Acknowledgements --  Introduction: what were (and are) the debates all about? --  PART ONE Keynes and the Keynesians --  1. Were the Keynesians loyal followers of Keynes? --  2. What was Keynes's best book? --  3. Keynes, the Keynesians and the exchange rate --  PART TWO The So-called 'Keynesian Revolution' --  4. Did Britain have a 'Keynesian revolution'? --  5. Is anything left of the 'Keynesian revolution'? --  PART THREE Defining British Monetarism --  6. The political economy of monetarism --  7. British and American monetarism compared --  PART FOUR The Debate on the 1981 Budget8. Do budget deficits 'crowd out' private investment? --  9. Did the 1981 Budget refute naïve Keynesianism? --  10. An exchange 25 years later between Professor Stephen Nickell and Tim Congdon --  PART FIVE Did Monetarism Succeed? --  11. Assessing the Conservatives' record --  12. Criticizing the critics of monetarism --  13. Has macroeconomic stability since 1992 been due to Keynesianism, monetarism or what? --  PART SIX How the Economy Works --  14. Money, asset prices and economic activity --  15. Some aspects of the transmission mechanism --  Index.


Sommario/riassunto

Challenges several 'conventional wisdoms' about UK macroeconomic policy, arguing that the Keynesians' advocacy of incomes policy and fiscal activism in the post-war decades did not have a strong basis in Keynes' own writings. This book denies that the UK had a 'Keynesian revolution', in the sense of a deliberately pursued fiscal activism.