Macroeconomic Analysis in the Classical Tradition: The Impediments Of Keynes's Influence

Macroeconomic Analysis in the Classical Tradition explores how Keynes' macroeconomic concepts have hindered analysts' ability to resolve disputes in modern macroeconomics. The author argues for a revision of Keyness' contribution and emphasizes the classical macroeconomics of Smith, Say, Ricardo, Mill, and others to resolve policy disagreements and redefine macroeconomic priorities.

Format: Paperback / softback
Length: 238 pages
Publication date: 26 September 2022
Publisher: Taylor & Francis Ltd

Macroeconomic Analysis in the Classical Tradition delves into the profound impact of Keynes' macroeconomics, particularly his revised definitions of key concepts, on the ability of analysts to effectively resolve disputes in modern macroeconomics. Building upon his earlier work, Macroeconomics without the Errors of Keynes (2019), the author delves deeper into the intricacies of macroeconomic theory, advocating for a reevaluation of Keynes' contribution to the field. The book explores various theories and concepts, including Says Law, the quantity theory of money, the liquidity trap, the permanent income hypothesis, 100% money, and the Phillips curve analysis. Through meticulous critique, the chapters aim to dismantle Keynes' economics and present a compelling argument for the revival of classical macroeconomics, drawing from the works of Smith, Say, Ricardo, Mill, and others. This comprehensive book serves as a vital resource for advanced students and scholars seeking to understand the foundations of Keynes' theories and engage in ongoing debates within macroeconomic policy.

Weight: 398g
Dimension: 155 x 234 x 18 (mm)
ISBN-13: 9780367721930