1st Edition

The Economics of John Maynard Keynes

By Fabio Terra Copyright 2023
156 Pages
by Routledge

156 Pages
by Routledge

156 Pages
by Routledge

Widely recognized as one of the greatest economists in history, there has been a surge of interest in the work of John Maynard Keynes since the financial crisis of 2008 with people looking for solutions to rebalance the economy. Presciently, Keynes argued that free markets are unable to fully organize economic activity and that the steadying and reforming hand of the State is needed for... Read more

Introduction Part I: Foundations 1. The origins of uncertainty 2. A brief debate about a controversial topic: Keynes’ method Part II: Flirting with money 3. In the long run we all dead: A Tract on the Monetary Reform 4. The Wicksselian Keynes: A Treatise on Money Part III: Keynes' checkmate: The General Theory of Employment, Interest and Money 5. Checkmating the neoclassical theory 6. If not neoclassical supply-side economics, then what? Keynes’ demand-side economics 7. Demand explained: consumption 8. Demand explained: investment 9. Money explained: liquidity preference and the interest rate 10. Money explained: why is it so special in the economy? The peculiarities of money. 11 Economic dynamics explained: a summary of The General Theory. 12 Final elements of The General Theory. Part IV – Beyond The General Theory of Employment, Interest and Money: economic policies, State, and development. 13 Fiscal policy. 14 Monetary policy. 15 The exchange rate policy. 16 The State. 17 Development

Biography

Fabio Terra was born in Araxa, a town in the state of Minas Gerais, Brazil. He received a Bachelor of Economics degree from the Federal University of Uberlandia, an MSc degree from the Federal University of Parana, and a PhD degree from the Federal University of Rio Grande do Sul. He is a professor at the Federal University of ABC and of the Post-graduate Program in Economics of the Federal University of Uberlandia, as well as a researcher at the Brazilian Council for Scientific and Technological Development. He is Former Visiting Fellow of Wolfson College, University of Cambridge, UK, and Former Chair of the Brazilian Keynesian Association.