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Keynes: Useful Economics for the World Economy

Author

Listed:
  • Temin, Peter

    (Massachusetts Institute of Technology, Department of Economics)

  • Vines, David

    (Oxford University, Economics Department)

Abstract

As the global economic crisis continues to cause damage, some policy makers have called for a more Keynesian approach to current economic problems. In this book, the economists Peter Temin and David Vines provide an accessible introduction to Keynesian ideas that connects Keynes’s insights to today’s global economy and offers readers a way to understand current policy debates. They survey economic thinking before Keynes and explain how difficult it was for Keynes to escape from conventional wisdom. They also set out the Keynesian analysis of a closed economy and expand the analysis to the international economy, using a few simple graphs to present Keynes’s formal analyses in an accessible way. Finally, they discuss problems of today’s world economy, showcasing the usefulness of a simple Keynesian approach to current economic policy choices. Keynesian ideas, they argue, can lay the basis for a return to economic growth.

Suggested Citation

  • Temin, Peter & Vines, David, 2014. "Keynes: Useful Economics for the World Economy," MIT Press Books, The MIT Press, edition 1, volume 1, number 026202831x, December.
  • Handle: RePEc:mtp:titles:026202831x
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    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
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    Cited by:

    1. Peter Temin, 2018. "Finance in Economic Growth: Eating the Family Cow," Working Papers Series 86, Institute for New Economic Thinking.
    2. Luca Fornaro & Federica Romei, 2019. "The Paradox of Global Thrift," American Economic Review, American Economic Association, vol. 109(11), pages 3745-3779, November.
    3. David Vines, 2015. "Cooperation between countries to ensure global economic growth: a role for the G20?," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 29(1), pages 1-24, May.
    4. Vines, David, 2016. "Chinese leadership of macroeconomic policymaking in a multipolar world," China Economic Review, Elsevier, vol. 40(C), pages 286-296.
    5. Luca Fornaro & Federica Romei, 2018. "The Paradox of Global Thrift (Plus Appendix)," Working Papers 1039, Barcelona School of Economics.
    6. Brownlow, Graham & Colvin, Christopher L., 2022. "Economic history and the future of pedagogy in economics," QUCEH Working Paper Series 22-09, Queen's University Belfast, Queen's University Centre for Economic History.
    7. Faik Bilgili, 2018. "Piyasa Ekonomisine Geçiþ Süreci ve Sonrasýnda Türkiye'de GINI Katsayýlarýnýn Analizi: Alternatif GINI Formülü Yaklaþýmý," Isletme ve Iktisat Calismalari Dergisi, Econjournals, vol. 6(1), pages 36-58.
    8. Galofré-Vilà, Gregori & Meissner, Christopher M. & McKee, Martin & Stuckler, David, 2021. "Austerity and the Rise of the Nazi Party," The Journal of Economic History, Cambridge University Press, vol. 81(1), pages 81-113, March.
    9. Galstyan, Vahagn, 2019. "Inflation and the Current Account in the Euro Area," Economic Letters 4/EL/19, Central Bank of Ireland.
    10. Bilgili, Faik, 2017. "Piyasa ekonomisine geçiş süreci ve sonrasında Türkiye'de GINI katsayılarının analizi: Alternatif GINI formülü yaklaşımı [During and after the process of transition to market economy, an analysis of," MPRA Paper 81043, University Library of Munich, Germany.

    More about this item

    Keywords

    economics; Keynesian; global economy; policy; analysis; growth;
    All these keywords.

    JEL classification:

    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • F0 - International Economics - - General

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