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Book synopsis

In this rigorous 1989 study of John Maynard Keynes's views on economic theory and policy from 1920–46, Professor Meltzer argues that some of Keynes's main ideas have been ignored or misstated. While attention has focused on short-term countercyclical policies, the main policy implications have been neglected. Keynes placed great emphasis on rules, predictability, and reduction of uncertainty. In keeping with his theoretical work, he opposed discretionary fiscal changes and favored rules to reduce instability and increase the capital stock. These policies are consistent with, and provide evidence for, the interpretation of Keynes's theory developed here.

Book details

Book category Books in English Economics, finance, business & management Economics Macroeconomics

• Full title: Keynes's Monetary Theory
• Subtitle: A Different Interpretation
• Author: Allan H. Meltzer
• Language: English
• Binding: Hardback
• Number of pages: 356
• EAN: 9780521306157
• ISBN: 0521306159
• ID: 02027255
• Publisher: Cambridge University Press
• Weight: 590 g
• Dimensions: 234 × 152 × 23 mm
• Date of publishing: 24. February 1989

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