OPEN EDUCATIONAL RESOURCES

UPA PERPUSTAKAAN UNEJ | NPP. 3509212D1000001

  • Home
  • Admin
  • Select Language :
    Arabic Bengali Brazilian Portuguese English Espanol German Indonesian Japanese Malay Persian Russian Thai Turkish Urdu

Search by :

ALL Author Subject ISBN/ISSN Advanced Search

Last search:

{{tmpObj[k].text}}
Image of Keynesian Economics and Price Theory: Re-orientation of a Theory of Monetary Economy
Bookmark Share

Text

Keynesian Economics and Price Theory: Re-orientation of a Theory of Monetary Economy

Masayuki Otaki - Personal Name;

This book reconstructs Keynesian macroeconomics so that it is compatible with the neoclassical dynamic microeconomic theory. This theory adopts three postulates: rational expectations, perfect price flexibility, and exclusion of the money in utility function (MIU). Based on the new theoretical finding that the Lucas model (1972) contains multiple equilibria, the author unifies Keynesian and monetarist theories within the same framework. The book applies the above basic theory to international macroeconomics and economic growth theory.

New Keynesian theory contains logical inconsistencies: menu costs that have no close relationship with microeconomics and MIU, which implies that the money accumulated as wealth is never spent. These two assumptions do not proximate the real world. In this volume, the author discusses how various segregated theoretical approaches in macroeconomics relate to one another and proposes how to integrate them.


Availability

No copy data

Detail Information
Series Title
-
Call Number
-
Publisher
: ., 2015
Collation
-
Language
English
ISBN/ISSN
978-4-431-55345-8
Classification
NONE
Content Type
-
Media Type
-
Carrier Type
-
Edition
-
Subject(s)
Quantitative Economics, Economic Growth
Specific Detail Info
-
Statement of Responsibility
Masayuki Otaki
Other Information
Cataloger
Kholif Basri
Source
https://link.springer.com/book/10.1007/978-4-431-55345-8
Validator
-
Other version/related

No other version available

File Attachment
  • Keynesian Economics and Price Theory Re-orientation of a Theory of Monetary Economy
Comments

You must be logged in to post a comment

OPEN EDUCATIONAL RESOURCES

Search

start it by typing one or more keywords for title, author or subject


Select the topic you are interested in
  • Computer Science, Information & General Works
  • Philosophy & Psychology
  • Religion
  • Social Sciences
  • Language
  • Pure Science
  • Applied Sciences
  • Art & Recreation
  • Literature
  • History & Geography
Icons made by Freepik from www.flaticon.com
Advanced Search
Where do you want to share?