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Keynes''s General Theory, the Rate of Interest and ''Keynesian'' Economics
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Keynes''s General Theory, the Rate of Interest and ''Keynesian'' Economics

Book Details

Format Hardback or Cased Book
ISBN-10 1403996288
ISBN-13 9781403996282
Publisher Palgrave USA
Imprint Palgrave Macmillan
Country of Manufacture GB
Country of Publication GB
Publication Date Jan 31st, 2007
Print length 346 Pages
Ksh 16,200.00
Werezi Extended Catalogue 0 in stock

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This book argues that Keynesian economists have betrayed Keynes' theory and policy conclusions, and that the world has been misled about those policies. Keynesians have focused attention on policies for dealing with effects of economic failure as they arise, whereas Keynes was concerned with the cause and then the prevention of economic failure.
This book argues that Keynesian economists have betrayed Keynes''s theory and policy conclusions. Keynesian economics has not merely led to an easily dismissed justification for ''Keynesian'' policies, but the world has been grossly misled about just what those policies are. Keynesians have focused attention exclusively on policies for dealing with effects of economic failure as they arise, whereas in contrast, Keynes was concerned with the cause and then the prevention of economic failure. While these effects can be addressed with fiscal policy, the cause and prevention was a matter for monetary policy. Keynes''s legacy is that of national and international policy measures that permit the necessary control over the financial system.

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