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Keynes - 9780262028318

Un libro in lingua di Peter Temin David Vines edito da Mit Pr, 2014

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As the global economic crisis continues to cause damage, some policy makers havecalled for a more Keynesian approach to current economic problems. In this book, the economistsPeter Temin and David Vines provide an accessible introduction to Keynesian ideas that connectsKeynes's insights to today's global economy and offers readers a way to understand current policydebates.

John Maynard Keynes (1883--1946) created the branch of economics nowknown as macroeconomics. He played a major role in the reconstruction of Europe and the worldeconomy after the Second World War. Keynesian economics came to be identified with efforts tomitigate the Great Depression and with postwar economic policies that helped power a golden age ofeconomic growth. Temin and Vines argue that Keynes also provided a way to understand theinteractions among nations, and therein lies his relevance for today's global crisis.

Temin and Vines survey economic thinking before Keynes and explain how difficultit was for Keynes to escape from conventional wisdom. They set out the Keynesian analysis of aclosed economy and expand the analysis to the international economy, using a few simple graphs topresent Keynes's formal analyses in an accessible way. They discuss problems of today's worldeconomy, showcasing the usefulness of a simple Keynesian approach to current economic policychoices. Keynesian ideas, they argue, can lay the basis for a return to economic growth.

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