Keynes's Monetary Theory : A Different Interpretation / Allan H. Meltzer.

Format:

Book

Author/Creator:

Meltzer, Allan H.

Series:

Cambridge books online.

Language:

English

Subjects (All):

Keynesian economics.

Monetary policy.

Physical Description:

1 online resource (356 pages) : digital, PDF file(s)

Place of Publication:

Cambridge : Cambridge University Press, 1989.

System Details:

Mode of access: World Wide Web.

text file

PDF

Summary:

In this rigorous study of John Maynard Keynes's views on economic theory and policy from 1920-1946, Professor Meltzer argues that some of Keynes's main ideas have been ignored or misstated. While attention has focused on short-term countercyclical policies, the main policy implications have been neglected. Keynes placed great emphasis on rules, predictability, and reduction of uncertainty. In keeping with his theoretical work, he opposed discretionary fiscal changes and favored rules to reduce instability and increase the capital stock. These policies are consistent with, and provide evidence for, the interpretation of Keynes's theory developed here.

Notes:

Title from publishers bibliographic system (viewed on 02 Mar 2012).

Other Format:

Print version:

ISBN:

9780511528415

9780521306157

Access Restriction:

Restricted for use by site license.