1st Edition
Macroeconomics without the Errors of Keynes The Quantity Theory of Money, Saving, and Policy
List of figures. List of tables. Preface. Acknowledgments.
1. Introduction: the sorry, puzzling state of macroeconomics after Keynes’s General Theory. 2. A classical alternative to the AS-AD model of the price level. 3. Keynes’s mistaken charge of a classical dichotomy regarding the Quantity Theory of money. 4. On interpreting a controversial passage in David Hume’s “Of Money”: the impediment of Keynes’s influence. 5. Milton Friedman’s misleading influence from interpreting the Great Depression with Keynes’s broadly defined money. 6. The modern free-banking advocacy: a casualty of Keynes’s broad definition of money. 7. Saving and capital: Roy Harrod’s failure to recognize Keynes’s misinterpretations in the classical theory of interest. 8. Saving and the errors of Keynes’s critique of the loanable funds theory of interest. 9. The IS-MP model: a worse alternative to the IS-LM model.
Bibliography. Index.
Biography
James C. W. Ahiakpor is Professor Emeritus, Department of Economics, California State University, East Bay, USA.
