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Index
Cover Table of Contents List of Tables List of Figures Acknowledgements Preface How to Read This Book Glossary 1: Why Study Keynes?
The Use of Models and Mathematics in Economics The Models in This Book The Nature of This Book The Book in a Nutshell An Outline of the Argument The Legacy of Keynes
2: The Classical Theory of Employment, Interest and Money
A Corn Model: Diminishing Returns and Marginal Productivity The Classical Labour Market The Classical Capital Market The Market for Land and the Distribution of Income The Neoclassical Contribution The Role of Money in the Classical Theory Say's Law of Markets Looking Forward: Keynes's Critique of the Classical Theory
3: The General Theory of Employment, Interest and Money
The Principle of Effective Demand Income: An Essential but Surprisingly Tricky Concept The State of Expectation Aggregate Demand and the Multiplier Income, Expenditure, Effective Demand and the Multiplier Changes in Money Wages Why are Money Wages Sticky? Change in and Fulfilment of Expectation Say's Law Through the Back Door? Notes
4: The Great Confusion
The Great Confusion Over Loanable Funds Investment and the Interest Rate Money and the Interest Rate IS–LM: The Model as Trap Money and Saving: A Back Door? Summing Up Note
5: The Long Struggle to Escape
The Quantity Theory The Definition and Nature of Money (M) The Demand for Money (k) The Meaning of Price Level (P) The Level of Net Output (O) The Quantity Theory and The General Theory How to Pay for the War Money Wages and Inflation
6: From Versailles to Bretton Woods
A Corn Model for the International Economy The Finance of War Exchange Rates between Currencies Effective Demand Regions and Currencies The International Exchange of Money The International Clearing Union and Bretton Woods International Money as Politics Rather Than Economics Notes
7: The Keynesian Era
The Historical Record Full Employment and Stabilisation Policy How Keynesian Was the Keynesian Era? The End of the Keynesian Era The End of Keynesian Economics? Summing Up Notes
8: Keynes for Today
Keynes's Continuing Relevance to Theory Keynes's Continuing Relevance to Policy Full Employment and Unemployment Fiscal and Monetary Policy Exchange Rates and Trade Policy Repairing the Euro In Conclusion
Further Reading Bibliography
Secondary
Index End User License Agreement
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