Keynesian Economics and Price Theory Re-orientation of a Theory of Monetary Economy
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 findi...
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| Format: | eBook |
| Language: | English |
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Tokyo
Springer Japan
2015, 2015
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| Edition: | 1st ed. 2015 |
| Series: | Advances in Japanese Business and Economics
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| Online Access: | |
| Collection: | Springer eBooks 2005- - Collection details see MPG.ReNa |
Table of Contents:
- Chapter 1 Introduction
- Part 1 Keynesian Economics and Price Theory
- Chapter 2 Price Theory in a Monetary Economy
- Part 2 Applications to Labor Economics and Inflation Theory
- Chapter 3 The Existence of an Involuntary Unemployment Equilibrium
- Chapter 4 The Phillips Curve and Inflation Theory Reconsidered
- Part 3 Applications to International Economics
- Chapter 5 A Basic Model of a Flexible Exchange Rate System under Perfect Capital Mobility
- Chapter 6 The Functions of a Key Currency: International Liquidity Provision and Insurance
- Chapter 7 On the Necessity of Optimum Currency Areas: The Case for Perfect Capital Mobility and Immobile Labor Forces
- Chapter 8 Universal Discipline or Individual Discipline: On the Viability of the Eurozone as a Nonadjustable Local Fixed Exchange Rate Regime
- Chapter 9 Industrial Hollowing Under a Flexible Exchange Rate System
- Chapter 10 On the Function of Gold Standard in Idealism and Reality
- Part 4 Applications to Economic Growth Theory
- Chapter 11 Dexterity as a Source of Economic Growth
- Chapter 12 Monetary Economic Growth Theory under Perfect Competition: Can Monetary Expansion Really Enhance Economic Growth?
- Chapter 13 A Keynesian Monetary Growth Model under Monopolistic Competition: Is Economic Growth Sustainable without Government Help?
- Part 5 Critiques of the Existing Monetary Theories
- Chapter 14 A Critique of Lucas' Theory
- Chapter 15 Does the Search Model Succeed in Describing a Monetary Economy?