Economic Events and Keynesian Ideas : the 1930s and the 1970s

Author / Creator

Darby, Michael R

Available as

Online

Summary

Abstract: Keynes' General Th & ry was a brilliant attanpt to plain the paradox. Abstract: of 1CM interest rates, ineffectual easy rn, netaxy policy, and lowinvestrtnt. Abstract: during the Great De...

Abstract: Keynes' General Th & ry was a brilliant attanpt to plain the paradox.

Abstract: of 1CM interest rates, ineffectual easy rn, netaxy policy, and lowinvestrtnt.

Abstract: during the Great Depression. We argue that Keynes' failure to distinguish.

Abstract: between low naninal and high real interest rates led hint to misinterpret a.

Abstract: tight and ail too effective nonetary policy and unnecessarily hypothesize.

Abstract: a downward shift in investhent dnand. Keynesian ideas in tux profoundly.

Abstract: influenced econanic policy in the 1960s and 1970s. The resulting postwar.

Abstract: inflation -- rather than scholarship on what actually happened in the.

Abstract: 1930s -- appears to be the primary reason for the waning influence of the.

Abstract: ideas derived frcin the General Theory.

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