Reinterpreting Mr. Keynes (eBook)

The IS-LM Enigma Revisited

Warren Young, Edward W. Fuller (Autoren)

eBook Download: PDF

2022 | 1st ed. 2022
X, 161 Seiten
Springer International Publishing (Verlag)
978-3-030-91342-7 (ISBN)

Infos

This book examines the origins of the IS-LM model, one of the most significant innovations in the history of economic thought. It shows that the complete IS-LM model, including the equations and diagram, was produced by a group of economists who contributed their respective mathematical models of Keynes's General Theory, including Champernowne, Reddaway, Harrod, and Meade, not to mention Hicks. Furthermore, the book discusses the implications of newly discovered archival material, including a previously overlooked document showing that John Maynard Keynes himself was the first to present the IS-LM model equations in a lecture he gave on December 4, 1933. It focuses on the implications of this material in terms of understanding the evolution of Keynes's approach from 1933 to 1937, later interpreters of his General Theory, and the ongoing debate between Keynesians and Post-Keynesians on the nature of his system. Given the revelations it presents, this book will transform the profession's understanding of the origins of the IS-LM model and modern macroeconomics.

Warren Young is a Professor Emeritus, Economics, Bar Ilan University, Israel. He is the author and editor of 14 books and over 70 academic papers.  He is the author of 'Interpreting Mr Keynes: the IS-LM Enigma' (Polity and Westview, 1987). He was a visiting scholar at Carnegie-Mellon University and former adviser, Archives Project, Federal Reserve Bank of Minneapolis.

Edward W. Fuller is an independent researcher in economics. He is editor of 'A Source Book on Early Monetary Thought', 'Mises A to Z', and 'Rothbard A to Z'. He has published articles in a wide variety of journals, including Cambridge Journal of Economics, Quarterly Journal of Austrian Economics, and Review of Austrian Economics.  

Produkt-Details

• Erscheint lt. Verlag: 19.1.2022
• Reihe/Serie: Springer Studies in the History of Economic Thought
• Reihe/Serie: Springer Studies in the History of Economic Thought
• Zusatzinfo: X, 161 p. 20 illus., 4 illus. in color.
• Sprache: englisch
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre
• Schlagworte: John Maynard Keynes • Keynes general theory • Keynesian Macroeconomics • Keynes’s 1933 IS-LM equations • Mathematical models of Keynes' general theory • Origins of the IS-LM model • Post-Keynesian interpretations of general theory • Student’s notes of Keynes’ december 1933 lecture
• ISBN-10: 3-030-91342-2 / 3030913422
• ISBN-13: 978-3-030-91342-7 / 9783030913427