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About this product
- DescriptionOne of the most striking phemena in all of ecomics is the absence of a deep tradition of criticism focused on Keynesian ecomic theory. There have been critics but they are few and far between, even though Keynesian demand management has been at the centre of some of the worst ecomic outcomes in history, from the great stagflation of the 1970s to the twenty-year 'lost decade' in Japan that has been ongoing since the 1990s, and w, once again, the dismal recoveries that have followed the Global Financial Crisis. This book brings together some of the most vocal critics of Keynesian ecomics of the present time. Each author attempts to explain what is wrong with Keynesian theory for those seeking guidance on where to turn for a more accurate explanation of the business cycle and what to do when recessions occur. The contributions are by scholars from a wide number of schools of ecomics, which include but are t restricted to Austrian, monetarist and classical perspectives. Written t just for ecomists, this accessible book is one of the few anti-Keynesian texts available and explains the inability of public spending and lower interest rates to have restored robust ecomic growth and full employment after the GFC. The collection offers an antidote to contemporary macroecomic theory. It is an essential text for anyone wishing to understand why stimulus has been able to bring recovery to any ecomy in which it has been tried.
- Author BiographyEdited by Steven Kates, Associate Professor of Economics, School of Economics, Finance and Marketing, RMIT University, Melbourne, Australia
- PublisherEdward Elgar Publishing Ltd
- Date of Publication31/08/2016
- SubjectEconomics: Textbooks & Study Guides
- Place of PublicationCheltenham
- Country of PublicationUnited Kingdom
- ImprintEdward Elgar Publishing Ltd
- Width234 mm
- Height156 mm
- Edited bySteven Kates
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