Keynes, the Keynesians and monetarism / / Tim Congdon.
Challenges several 'conventional wisdoms' about UK macroeconomic policy, arguing that the Keynesians' advocacy of incomes policy and fiscal activism in the post-war decades did not have a strong basis in Keynes' own writings. This book denies that the UK had a 'Keynesian rev...
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| Place / Publishing House: | Cheltenham, UK : : Edward Elgar Publishing Limited,, 2007. ©2007 |
| Year of Publication: | 2007 |
| Language: | English |
| Physical Description: | 1 online resource (356 p.) |
| Notes: | Description based upon print version of record. |
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Table of Contents:
- Copyright
- Contents
- Figures
- Tables and boxes
- Preface
- Acknowledgements
- Introduction: what were (and are) the debates all about?
- PART ONE Keynes and the Keynesians
- 1. Were the Keynesians loyal followers of Keynes?
- 2. What was Keynes's best book?
- 3. Keynes, the Keynesians and the exchange rate
- PART TWO The So-called 'Keynesian Revolution'
- 4. Did Britain have a 'Keynesian revolution'?
- 5. Is anything left of the 'Keynesian revolution'?
- PART THREE Defining British Monetarism
- 6. The political economy of monetarism
- 7. British and American monetarism compared
- PART FOUR The Debate on the 1981 Budget8. Do budget deficits 'crowd out' private investment?
- 9. Did the 1981 Budget refute naïve Keynesianism?
- 10. An exchange 25 years later between Professor Stephen Nickell and Tim Congdon
- PART FIVE Did Monetarism Succeed?
- 11. Assessing the Conservatives' record
- 12. Criticizing the critics of monetarism
- 13. Has macroeconomic stability since 1992 been due to Keynesianism, monetarism or what?
- PART SIX How the Economy Works
- 14. Money, asset prices and economic activity
- 15. Some aspects of the transmission mechanism
- Index.