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Maynard's Revenge : The Collapse of Free Market Macroeconomics, Hardcover by ...
- Item No : 357287902783
- Condition : Brand New
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- Seller : greatbookprices1
- Current Bid : US $76.85
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* Item Description
- Maynard's Revenge : The Collapse of Free Market Macroeconomics, Hardcover by Taylor, Lance, ISBN 0674050460, ISBN-13 9780674050464, Brand New, Free shipping in the US
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.
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