Description |
1 online resource : illustrations |
Contents |
Were the Keynesians loyal followers of Keynes? -- What was Keynes' best book? -- Keynes, the Keynesians and the exchange rate -- Keynes, Bernanke and Krugman, and the pathologies of capitalism -- Did Britain have a "Keynesian revolution"? -- Keynesianism, monetarism, and two concepts of the output gap -- Was the UK's great moderation due to Keynesianism, monetarism or what? -- Friedman (1948), Friedman (1996) and the effectiveness of fiscal policy in the United States -- Does fiscal policy matter? -- Did the 1981 budget refute naive Keynesianism? -- Do changes in the quantity of money smother fiscal policy? -- Was there a "monetarist counterrevolution"? -- The political economy of monetarism -- How do British and American monetarism compare? -- Criticizing the critics of monetarism -- Money, asset prices, and economic activity in the U.K. -- Money and asset prices in the U.S. -- Did Bernanke break his promise to Friedman? -- The role of creditism in the great recession |
Summary |
In the 15 years to mid-2007 the world economy enjoyed unparalleled stability (the so-called "Great Moderation"), with steady growth and low inflation. But the period since mid-2007 ("the Great Recession") has seen the worst macroeconomic turmoil since the 1930s. A dramatic plunge in trade, output and employment in late 2008 and 2009 has been followed by an unconvincing recovery. How is the lurch from stability to instability to be explained? What are the intellectual origins of the policy mistakes that led to the Great Recession? What theories motivated policies in the USA and other leading na |
Bibliography |
Includes bibliographical references and index |
Notes |
Print version record |
Subject |
Friedman, Milton, 1912-2006.
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SUBJECT |
Friedman, Milton, 1912-2006 fast |
Subject |
Money.
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Quantity theory of money.
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Fiscal policy.
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Banks and banking.
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Macroeconomics.
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Keynesian economics.
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BUSINESS & ECONOMICS -- Economics -- Macroeconomics.
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POLITICAL SCIENCE -- Economic Conditions.
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Banks and banking
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Fiscal policy
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Keynesian economics
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Macroeconomics
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Money
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Quantity theory of money
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Form |
Electronic book
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ISBN |
9781594035449 |
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159403544X |
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