1.

Record Nr.

UNINA9910783648603321

Autore

Ahiakpor James C. W. <1945, >

Titolo

Classical macroeconomics : some modern variations and distortions / / James C.W. Ahiakpor

Pubbl/distr/stampa

London ; ; New York : , : Routledge, , 2003

ISBN

1-134-74203-7

1-134-74204-5

0-429-23115-6

0-203-41382-2

1-280-05893-5

0-203-41352-0

Descrizione fisica

1 online resource (273 p.)

Collana

Routledge studies in the history of economics ; ; 61

Classificazione

83.12

Disciplina

339

Soggetti

Classical school of economics

Keynesian economics

Macroeconomics

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 (p. [234]-243) and index.

Nota di contenuto

Book Cover; Title; Contents; List of figures; Preface; Acknowledgments; Introduction; The classical theory of value: a foundation of macroeconomic  analysis; On the definition of money: classical vs modern; The classical theories of interest, the price level, and inflation; Keynes's misinterpretation of the classical theory of interest; The Austrians, ""capital,"" and the classical theory of interest; Wicksell on the classical theories of money, credit, interest, and  the price level; Fisher, the classics, and modern macroeconomics

The classical theory of growth and Keynes's paradox of thriftFull employment: Keynes's mistaken attribution to the classics; Hicks, the IS-LM model, and the success of Keynes's distortions  of classical macroeconomics; The mythology of the Keynesian multiplier; Conclusion; Notes; Bibliography; Index

Sommario/riassunto

The Great Depression and Keynes's definition of economic concepts made it difficult for modern economists to appreciate the classical insights. This book clarifies the classical explanations to resolve the



continuing disputes.