Your price
Out of Stock

Keynes, Coordination and Beyond

Development of Macroeconomic and Monetary Theory Since 1945

By (author) Harry Garretsen
Format: Hardback
Publisher: Edward Elgar Publishing Ltd, Cheltenham, United Kingdom
Published: 24th Jul 1992
Dimensions: w 156mm h 234mm
Weight: 561g
ISBN-10: 1852786205
ISBN-13: 9781852786205
Barcode No: 9781852786205
This book proposes that the coordination problems lies at the heart of Keynes' economics and argues that Keynes' message got lost in the post-war period. The text develops an extension of Keynes' ideas within a general equilibrium framework and within alternative frameworks such as Austrian economics. It is demonstrated that in the absence of a co-ordinating device like the Walrasian auctioneer or in the presence of uncertainty, co-ordination can no longer be superimposed. This ultimately implies that apart from some notable exceptions, the Keynesian revolution was in fact stifled at birth because the validity of the central concepts of microeconomics have never been challenged.

New & Used

Seller Information Condition Price
Out of Stock

What Reviewers Are Saying

Be the first to review this item. Submit your review now