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Raising Keynes A Twenty-First-Century General Theory

Keynes’s General Theory has been misunderstood as relying on frictions to justify the need for the visible hand of government to complement the invisible hand of the market. Fleshing out the GT with tools not available to Keynes, Marglin exposes the fundamental failure of markets to self-regulate an...

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Bibliographic Details
Main Author: Marglin, Stephen A.
Format: eBook
Language:English
Published: Cambridge, Massachusetts ; London Harvard University Press 2021, ©2021
Subjects:
Keynes, John Maynard, 1883-1946
Keynesian Economics
Industries > self-regulation
Economics, Mathematical
Online Access:
Collection: DeGruyter MPG Collection - Collection details see MPG.ReNa
Description
Summary:Keynes’s General Theory has been misunderstood as relying on frictions to justify the need for the visible hand of government to complement the invisible hand of the market. Fleshing out the GT with tools not available to Keynes, Marglin exposes the fundamental failure of markets to self-regulate and draws lessons for fiscal and monetary policies.
Physical Description:XVIII, 896 pages
ISBN:978-0-674-24622-5

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