Keynes And Macroeconomics After 70 Years - 9781847205810

The editors (director and research director at the Center for Full Employment and Price Stability, U. of Missouri) present 19 papers from the Ninth International Post Keynesian Conference, held at the U. of Missouri in September of 2006. They have selected for inclusion papers closely related to John Maynard Keynes and his General Theory of Employment, Interest and Money in recognition of the seventieth anniversary of that influential work. Topics include the scientific research program implied by The General Theory and the direction Keynes may have taken in research; volatility of investment in the writings of Keynes and Hyman Minsky; Keynes and Michael Kalecki on market generation of instability; Tom Asimakopulos's critique of the Keynesian saving-investment relation; modeling Keynes with Kaleckian computer simulations; a post-Keynesian macro-dynamic model of capital accumulation, income distribution, technical progress, and endogenous money; analysis of inflation targeting in Brazil; the influence of Keynes on Albert Eisner's examination of the US social security system; the impact of the evolution of financial structure on the formation of investor expectations; Keynes's writings on probability and their link to his theory of investment; the Keynesian perspective on the relations of real exchange rate levels, investment, and economic growth; reinterpretation and development of the concept of liquidity preference as presented in The General Theory; and expectations and unemployment. Annotation ©2009 Book News, Inc., Portland, OR (booknews.com)