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Keynes, Coordination, and Beyond
Harry Garretsen
其他書名
The Development of Macroeconomic and Monetary Theory Since 1945
出版E. Elgar, 1992
主題Biography & Autobiography / Social Scientists & PsychologistsBusiness & Economics / Economics / MacroeconomicsBusiness & Economics / Economics / Theory
ISBN18527862059781852786205
URLhttp://books.google.com.hk/books?id=a3uzMMNomeYC&hl=&source=gbs_api
註釋This book proposes that the coordination problems lies at the heart of Keynes' economics and argues that Keynes' message got lost in the post-war period. The text develops an extension of Keynes' ideas within a general equilibrium framework and within alternative frameworks such as Austrian economics. It is demonstrated that in the absence of a co-ordinating device like the Walrasian auctioneer or in the presence of uncertainty, co-ordination can no longer be superimposed. This ultimately implies that apart from some notable exceptions, the Keynesian revolution was in fact stifled at birth because the validity of the central concepts of microeconomics have never been challenged.