John Maynard Keynes was the most influential ecomist of the 20th Century, whose doctrines had a huge impact on American prosperity in the years following the Second World War. This new book by John Philip Jones describes the main features of Keynes's work, including the fiscal and monetary policies he recommended, together with a detailed tracking of how his theories played out in the American ecomy. The book focuses on each individual aspect of Keynes's doctrines: his revolutionary emphasis on the ecomy as a whole (the study that would later become kwn as macroecomics); consumer demand and where it leads; investment demand and where it leads; the rate of interest and the influence of monetary policy; the role of government in controlling fiscal policy; and the overarching importance of expectations, optimism and pessimism. The book concludes with the seven major lessons drawn from the American ecomy in the latter half of the 20th Century and how these lessons were forecast by Keynes. An excellent introduction to Keynes and his legacy for students and n-specialist members of the public who want to kw more about how the ecomy is controlled and stimulated, it is also of considerable interest to students of modern ecomic history.
John Philip Jones
Taylor & Francis Ltd
Date of Publication
Economics: Textbooks & Study Guides
Place of Publication
Country of Publication
14 black & white illustrations, 29 black & white tables, 1 black & white halftones, 13 black & white line drawings