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The Economics of Keynes: A New Guide to The General Theory

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  • Mark Hayes

Abstract

This New Guide (cf Hansen's Guide to Keynes, 1953) to The General Theory presents Keynes's magnum opus as a sophisticated Marshallian theory of the competitive equilibrium of the economy as a whole. The author introduces several interpretative innovations to resolve many puzzles presented in the literature of the last 70 years. It is designed to be read in parallel with The General Theory and will allow modern readers to find their bearings before plunging into an in-depth analysis of major themes contained in The General Theory. The key areas in which this New Guide differs from the familiar exposition of current macroeconomics textbooks are clearly identified. The author reaches positive and hopeful conclusions for the development of economic theory and policy.

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File URL: http://www.postkeynesian.net/downloads/MGH2006.pdf
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Bibliographic Info

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This book is provided by Post Keynesian Economics Study Group (PKSG) in its series Books with number nggt and published in 2006.

ISBN: 978 1 84720 082 2
Handle: RePEc:pke:ecbook:nggt

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Web page: http://www.postkeynesian.net
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References

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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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  1. Robinson, Joan, 1977. "What Are the Questions?," Journal of Economic Literature, American Economic Association, vol. 15(4), pages 1318-39, December.
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  3. Kriesler, P., 1995. "Keynes, Kalecki and the Genarl Theory," Papers 95/39, New South Wales - School of Economics.
  4. David Dequech, 2003. "Conventional and unconventional behavior under uncertainty," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 26(1), pages 145-168, October.
  5. J. A. Kregel, 1987. "Keynes's Given Degree of Competition: Comment on McKenna and Zannoni," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 9(4), pages 490-495, July.
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  10. Philip Arestis & Malcolm Sawyer, 2004. "On the Effectiveness of Monetary Policy and of Fiscal Policy," Review of Social Economy, Taylor & Francis Journals, vol. 62(4), pages 441-463.
  11. Asimakopulos, A, 1989. "The Nature and Role of Equilibrium in Keynes's General Theory," Australian Economic Papers, Wiley Blackwell, vol. 28(52), pages 16-28, June.
  12. Mark Hayes, 2006. "On the efficiency of fair trade," Review of Social Economy, Taylor & Francis Journals, vol. 64(4), pages 447-468.
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  16. Paul Davidson, 2006. "The declining dollar, global economic growth, and macro stability," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 28(3), pages 473-493, April.
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  18. Björn Hansson, 1985. "Keynes's Notion of Equilibrium in the "General Theory"," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 7(3), pages 332-341, April.
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  20. Don Patinkin, 1978. "Keynes’ Aggregate Supply Function: A Plea for Common Sense1," History of Political Economy, Duke University Press, vol. 10(4), pages 577-596, Winter.
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  22. John S. L. McCombie, 2001. "The Solow Residual, Technical Change, and Aggregate Production Functions," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 23(2), pages 267-297, January.
  23. David Dequech, 1999. "Expectations and Confidence under Uncertainty," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 21(3), pages 415-430, April.
  24. C. Rogers, 2006. "Doing without money: a critical assessment of Woodford's analysis," Cambridge Journal of Economics, Oxford University Press, vol. 30(2), pages 293-306, March.
  25. Murray Glickman, 1994. "The Concept of Information, Intractable Uncertainty, and the Current State of the "Efficient Markets" Theory: A Post Keynesian View," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 16(3), pages 325-349, April.
  26. Michel De Vroey, 2004. "The History of Macroeconomics Viewed against the Background of the Marshall-Walras Divide," History of Political Economy, Duke University Press, vol. 36(5), pages 57-91, Supplemen.
  27. J. A. Kregel, 1998. "Aspects of a Post Keynesian Theory of Finance," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 21(1), pages 111-133, October.
  28. Jörg Bibow, 2000. "The Loanable Funds Fallacy in Retrospect," History of Political Economy, Duke University Press, vol. 32(4), pages 789-832, Winter.
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  33. Casarosa, Carlo, 1981. "The Microfoundations of Keynes's Aggregate Supply and Expected Demand Analysis," Economic Journal, Royal Economic Society, vol. 91(361), pages 188-94, March.
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  35. J. S. L. McCombie, 2001. "What Does the Aggregate Production Function Show? Further Thoughts on Solow's "Second Thoughts on Growth Theory"," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 23(4), pages 589-615, July.
  36. Paul Davidson, 1986. "Finance, Funding, Saving, and Investment," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 9(1), pages 101-110, October.
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Citations

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Cited by:
  1. Dumitriu, Ramona & Stefanescu, Razvan, 2013. "Provocările politicii monetare
    [Monetary policy challenges]
    ," MPRA Paper 50261, University Library of Munich, Germany, revised 28 Sep 2013.
  2. M. G. Hayes, 2008. "Keynes's Z function: a reply to Hartwig and Brady," Cambridge Journal of Economics, Oxford University Press, vol. 32(6), pages 1003-1003, November.
  3. Vera Pirimova, 2011. "The Economic Growth and the Conjuncture Cycle in the Keynesian Models," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 5, pages 3-20.
  4. Strati, Francesco, 2012. "On Keynes's Z-function," MPRA Paper 42918, University Library of Munich, Germany.
  5. Mark Hayes, 2011. "The State of Short-Term Expectation," Working Papers PKWP1107, Post Keynesian Economics Study Group (PKSG).
  6. Angel Asensio, 2009. "Bad money and distributive conflict," Working Papers halshs-00496919, HAL.

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