1.

Record Nr.

UNINA9910882200903321

Autore

Congdon Tim

Titolo

Money in a free society : Keynes, Friedman, and the new crisis in capitalism / / by Tim Congdon

Pubbl/distr/stampa

New York, : Encounter Books, c2011

ISBN

1-281-60675-8

9786613787460

1-59403-544-X

Edizione

[1st ed.]

Descrizione fisica

1 online resource (681 p.)

Disciplina

339.5/2

Soggetti

Money

Quantity theory of money

Fiscal policy

Banks and banking

Macroeconomics

Keynesian economics

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

Were the Keynesians loyal followers of Keynes? -- What was Keynes' best book? -- Keynes, the Keynesians and the exchange rate -- Keynes, Bernanke and Krugman, and the pathologies of capitalism -- Did Britain have a "Keynesian revolution"? -- Keynesianism, monetarism, and two concepts of the output gap -- Was the UK's great moderation due to Keynesianism, monetarism or what? -- Friedman (1948), Friedman (1996) and the effectiveness of fiscal policy in the USA -- Does fiscal policy matter? (2nd essay should be the times article) -- British and American monetarism compared -- Do changes in the quantity of money smother fiscal policy? -- The political economy of monetarism.

Sommario/riassunto

In the 15 years to mid-2007 the world economy enjoyed unparalleled stability (the so-called ?Great Moderation"), with steady growth and low inflation. But the period since mid-2007 (?the Great Recession") has seen the worst macroeconomic turmoil since the 1930's. A dramatic plunge in trade, output and employment in late 2008 and 2009 has



been followed by an unconvincing recovery. How is the lurch from stability to instability to be explained? What are the intellectual origins of the policy mistakes that led to the Great Recession? What theories motivated policies in the USA and other lead