The Keynesian Revolution and its Critics: Issues of Theory and Policy for the Monetary Production Economy

Front Matter....Pages i-xxiii
Front Matter....Pages 1-1
The Institution of Money: An Introduction....Pages 3-10
The Monetary Economy....Pages 11-16
Money, Investment and Saving....Pages 17-26
Front Matter....Pages 27-27
Keynes’s Revolution....Pages 29-45
The Robertsonian Critique....Pages 46-57
The Principle of Effective Demand....Pages 58-67
Keynes’s Theory of Investment and Saving....Pages 68-78
Robertson and Keynes on Investment and Saving....Pages 79-95
The Finance of Investment....Pages 96-118
The Rate of Interest....Pages 119-136
A Monetary Theory of the Rate of Interest....Pages 137-152
The Conditions for Money as the Standard....Pages 153-157
The Market Rate of Interest and its Economic Significance....Pages 158-166
The Keynesian Economic Problem and its Solution....Pages 167-181
Front Matter....Pages 183-183
The Consequences of Mr Keynes?....Pages 185-192
Monetarism I: The Counter-Revolution....Pages 193-210
Monetarism II: Monetarism, Keynes and the ‘Keynesians’....Pages 211-217
Monetarism III: Rational Expectations....Pages 218-228
The Austrians I: Tenets of the Faith....Pages 229-233
The Austrians II: Hayek and the Trade Cycle....Pages 234-252
Front Matter....Pages 183-183
The Austrians III: Two Routes to Serfdom....Pages 253-269
Employment Policy....Pages 270-281
The Keynesian Revolution in Context....Pages 282-303
In Conclusion....Pages 304-306
Back Matter....Pages 307-348