ABSTRACT

It is a little over seventy years since John Maynard Keynes produced his magnum opus, The General Theory of Employment, Interest, and Money. Keynes' staggering achievement has been to remain relevant to economics and other disciplines even today and this book reflects that with an examination on his influence on modern economics.

Leading economists from a variety of backgrounds, including Ed Nell and Heinz Kurz have joined forces in this volume with internationally respected Japanese scholars to produce a strong collection of contributions to the debate on Keynes' monumental legacy. This book will be vital reading for historians of economic thought, economic methodologists as well as those economists with an interest in the overall development of their discipline.

chapter |9 pages

Introduction

Economic crisis and Keynesian perspective

part |72 pages

Historical background and economic thought of John Maynard Keynes

chapter |37 pages

On the changing role of prices in transformational growth

Rethinking Solow and Kaldor

chapter |17 pages

Alfred Marshall

Father of modern economics

part |94 pages

Empirical studies

chapter |29 pages

The long-run and the short-run effects of fiscal policy

Simulation analysis with a forward-looking macroeconometric model

chapter |12 pages

What does the long-term rate depend on?

Fisher effect vs liquidity premium