Keynes’s Relevance Today by Fausto Vicarelli

By Fausto Vicarelli

Show description

Read or Download Keynes’s Relevance Today PDF

Similar macroeconomics books

Currency competition and foreign exchange markets

Forex festival and foreign currency Markets is an enormous new theoretical and empirical research of foreign currencies that specializes in the function the Euro (the destiny ecu foreign money) will play within the overseas financial and fiscal method, besides the USA greenback and the japanese yen. unlike a lot of the prevailing literature that methods the topic from a macroeconomic standpoint, Philipp Hartmann develops a theoretical version that makes use of video game conception, time sequence and panel econometrics, and hyperlinks monetary markets research with transaction fee economics.

Money, Crises, and Transition: Essays in Honor of Guillermo A. Calvo

Essays by means of popular students and policymakers honor probably the most influential macroeconomists of the final thirty years, discussing the subjects in the back of his paintings.

Market Socialism or the Restoration of Capitalism? (International Council for Central and East European Studies)

The cave in of communism in japanese Europe has raised a couple of questions about the destiny process their economies. Has capitalism gained or is whatever diverse rising? Has marketplace socialism vanished for strong? How can the transitionary interval be controlled and what impact will it have at the way of life in jap Europe?

Handbook of Tourism Economics: Analysis, New Applications and Case Studies

Guide of Tourism Economics: research, New functions and Case experiences offers an up to date, concise and readable insurance of crucial issues in tourism economics. It will pay realization to appropriate conventional subject matters in tourism economics in addition to interesting rising themes during this box -- subject matters that are anticipated to be of constant value.

Extra resources for Keynes’s Relevance Today

Example text

This response to the demands for economic security was doomed to failure at the first downturn in economic activity, just as it was bound to produce massive deficits in such conditions. Instead of acting to ensure aggregate stability, the policy of guaranteeing individual or group incomes has failed for precisely the same reasons that perfectly competitive free enterprise based on individual initiative fails to produce full employment, because it is incapable of recognising the 'technically social' problems of the economy.

I suggest, therefore, that progress lies in the growth and the recognition of semi-autonomous bodies within the State-bodies whose criterion of action within their own field is solely the public Keynes's Post- War Policy Proposals 37 good. . I propose a return ... towards medieval conceptions of separate autonomies .... It is easy to give examples ... the universities, the Bank of England, the Port of London Authority ... the trend of joint stock institutions ... to approximate to the status of public corporations rather than that of individualistic private enterprise.

A Labour Standard expresses the value of money in terms of labour, just as the Gold Standard expressed it in terms of gold. But the old Gold Standard did not just express it; it fixed it, for it had a mechanism for fixing it. Central banks stood ready to exchange money for gold, so long as their gold reserves lasted. When the reserves gave out, of course it would break down; but in normal times, so long as suitable measures were taken, one could be confident that this would not happen. The weakness of a Labour Standard is that it has no reserves.

Download PDF sample

Rated 4.99 of 5 – based on 38 votes