Reconstructing Keynesian Economics with Imperfect Competition

Reconstructing Keynesian Economics with Imperfect Competition

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'Professor Robin Marris, who almost thirty years ago made pioneering contributions on the theory of managerial capitalism, has now written a fascinating and highly unusual book on Keynesian macroeconomics.' - Amitava Krishna Dutt, Review of Social Economy '. . . the book provides many valuable insights for macroeconomists on both sides of the Atlantic.' - Stephen McCafferty, Journal of Economic Literature This path-breaking book - written by a leading economist - is certain to create controversy and will lead to a fundamental reassessment of Keynesian economics. Building on his previous work on modern capitalism, Robin Marris has made an important theoretical advance which will have a major impact on the economics profession.The downward left-hand arm of the diagram could represent the real rate of interest, the lower sector would contain an IS curve ... cross; IS is the path of these points), and an LM curve (given real balances, every real-income level creates a demand for real ... et al in the late 1950s:1 the authors of the study were Robert Hall and Charles Hitch, and, apart from an excellent report, they threw in the theory of the aquot;kinkyaquot; demand curve already discussed in Chapter 3 (sub- section 3.3.

Title:Reconstructing Keynesian Economics with Imperfect Competition
Author: Robin Lapthorn Marris
Publisher:Edward Elgar Publishing - 1991-01-01

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