Economics of Keynes : A New Guide to the General Theory, Hardcover by Hayes, ...
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Economics of Keynes : A New Guide to the General Theory, Hardcover by Hayes, .... Annotation ©2007 Book News, Inc., Portland, OR (). Economics of Keynes : A New Guide to the General Theory, Hardcover by Hayes, Mark, ISBN 1847200826, ISBN-13 9781847200822, Brand New, Free shipping in the US Hayes (business/economics, U. of Cambridge) goes past the usual concordances and orthodox commentary and goes immediately to the heart of Keynes's theories at the macroeconomic level, including the concepts of equilibrium, the nature of time and money, and the very real prospect of full employment. Hayes takes into account critiques of the last 70 years or so of Keynes's The General Theory of Employment, Interest and Money and explains not only the top layer but the workings underneath, from equilibrium to competition, money, expectation and liquidity, showing how these basic ideas interact. He covers, for example, the propensity to consume as it relates to employment and effective demand, the inducement to invest as it relates to long-term expectation and the nature of liquidity, and the singular pattern of employment, money and the price level. He closes with commentary on the policy implications of his findings. Annotation ©2007 Book News, Inc., Portland, OR ()
