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The Resource Maynard's revenge : the collapse of free market macroeconomics, Lance Taylor

Maynard's revenge : the collapse of free market macroeconomics, Lance Taylor

Label
Maynard's revenge : the collapse of free market macroeconomics
Title
Maynard's revenge
Title remainder
the collapse of free market macroeconomics
Statement of responsibility
Lance Taylor
Creator
Subject
Language
eng
Summary
  • It is now widely agreed that mainstream macroeconomics is irrelevant and that there is need for a more useful and realistic economic analysis that can provide a better understanding of the ongoing global financial and economic crisis. Lance Taylor's book exposes the unrealistic assumptions of the rational expectations and real business cycle approaches and of mainstream finance theory. It argues that in separating monetary and financial behavior from real behavior, they do not address the ways that consumption, accumulation, and the government play in the workings of the economy
  • Taylor argues that the ideas of J.M. Keynes and others provide a more useful framework both for understanding the crisis and for dealing with it effectively. Keynes's basic points were fundamental uncertainty and the absence of Say's Law. He set up machinery to analyze the macro economy under such circumstances. including the principle of effective demand. liquidity preference, different rules for determining commodity and asset prices, distinct behavioral patterns of different collective actors, and the importance of thinking in terms of complete macro accounting schemes. Economists working in this tradition also worked out growth and cycle models
  • Employing these ideas throughout Maynard's Revenge. Taylor provides an analytical narrative about the causes of the crisis, and suggestions for dealing with it. --Book Jacket
Cataloging source
DLC
http://library.link/vocab/creatorDate
1940-
http://library.link/vocab/creatorName
Taylor, Lance
Dewey number
339
Illustrations
illustrations
Index
index present
LC call number
HB99.7
LC item number
.T37 2010
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/subjectName
  • Keynesian economics
  • Macroeconomics
  • Financial crises
  • Global Financial Crisis, 2008-2009
Label
Maynard's revenge : the collapse of free market macroeconomics, Lance Taylor
Instantiates
Publication
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
Macroeconomics -- Macroeconomic thought during the long nineteenth century -- Gold standard, reparations, mania, crash, and depression -- Maynard ascendant -- Keynesian growth, cycles, and crisis -- The counterrevolution -- Finance -- The international dimension -- Keynesianism and the crisis
Control code
555658391
Dimensions
25 cm
Extent
x, 385 pages
Isbn
9780674050464
Isbn Type
(alk. paper)
Lccn
2010012970
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
Other physical details
illustrations
System control number
(OCoLC)555658391
Label
Maynard's revenge : the collapse of free market macroeconomics, Lance Taylor
Publication
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
Macroeconomics -- Macroeconomic thought during the long nineteenth century -- Gold standard, reparations, mania, crash, and depression -- Maynard ascendant -- Keynesian growth, cycles, and crisis -- The counterrevolution -- Finance -- The international dimension -- Keynesianism and the crisis
Control code
555658391
Dimensions
25 cm
Extent
x, 385 pages
Isbn
9780674050464
Isbn Type
(alk. paper)
Lccn
2010012970
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
Other physical details
illustrations
System control number
(OCoLC)555658391

Library Locations

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