Capital and Employment: A Study of Keynes's Economics
Academic Press, May 10, 2014 - 232 pages
Studies in Political Economy: Capital and Employment: A Study of Keynes's Economics focuses on the inquiry into Keynesian economics, particularly the relationship of capital and employment.
The publication first underscores the contemporary position of 'Keynesian' economics, traditional long-period method of economic analysis, and theoretical systems and the long-period method. Discussions focus on the structure of classical economic theory, structure of marginalist economic theory, and the traditional long-period method of economic analysis. The text then ponders on the analysis of deviations from long-period positions, principle of effective demand, and the theory of capital and theory of employment. Topics include Keynes on the 'classical' theory of interest, capital and employment, inflexibility of money-wages, long-period theory of output and employment, and principle of effective demand.
The book takes a look at the theoretical system of the treatise versus the general theory and the method of analysis in the treatise and the general theory, including the conceptual framework of the treatise on money and general theory and the natural rate of interest and level of employment.
The publication is a valuable reference for economists and researchers interested in the relationship of capital and employment.
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Adam Smith analysis of deviations argued argument Chapter Classical Economics Classical economists commodities concept critique demand-and-supply determined discussion economic theory effective demand explanation fact factors of production framework full employment Garegnani Harrod Hayek Hicks idea implies interest profit interpretation intertemporal equilibrium italics added italics in original Keynes Keynes's Keynes’s theory labour level of output Lindahl liquidity-preference theory long-period normal conditions long-period theory Malthus market rate Marshall Marx method of intertemporal monetary money-wages natural or long-period natural price natural rate notion of intertemporal orthodox marginalist theory output and employment passage principle of effective problem quantity theory question rate of interest rate of profit referred Ricardo Robertson saving and investment Say’s Law tendency theory of capital theory of employment theory of interest theory of output theory of value traditional long-period method Treatise on Money uncertainty and expectations Value and Capital wages Wicksell Wicksell’s writers