By James C.W. Ahiakpor

ISBN-10: 0415153328

ISBN-13: 9780415153324

ISBN-10: 0415771102

ISBN-13: 9780415771108

John Maynard Keynes didn't safely interpret vintage financial innovations, and pushed aside the classical reasons and conclusions as being inappropriate to the realm within which we are living. The trauma of the nice melancholy and Keynes's replaced definition of monetary thoughts, aided by means of Eugen Böhm-Bawerk, have made it tough for contemporary economists to completely get pleasure from the classical insights.


This notable e-book clarifies the classical reasons to solve the continued theoretical and coverage disputes. Key chapters include:



  • On the Definition of Money

  • Keynes's Misinterpretation of the Classical concept of Interest

  • The Classical thought of development and Keynes's Paradox of Thrift

  • The Mythology of the Keynesian Multiplier

This certain book demonstrates that it truly is Keynes's knowing of a few basic classical fiscal recommendations that's at fault, and extends its research to different sleek contributions in macroeconomics.

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Classical Macroeconomics: Some Modern Variations and Distortions (Routledge Studies in the History of Economics) by James C.W. Ahiakpor


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