In these timely essays, Nobel prizewinning economist James Tobin shows how Keynesian economics offers corrective treatment for the economic ailments we have faced under the Ford, Carter, and Reagan administrations.Essays in the first part of the book focus on theory and policy in Keynesian economics, particularly on the modern anti-Keynesian movements of the 1970s and 1980s. Tobin's writings on the events, controversies, doctrines, and policies of the Reagan era make up the book's second section, Essays in part three continue to discuss the Reagan revolution, focusing on fiscal policies and presenting some general macroeconomic principles that can be invoked to remedy the situation; those in part four are concerned more specifically with the conduct of monetary policy. A fifth section addresses inflation stagflation, and unemployment, recommending income policies that Tobin believes must become a "permanent tool of macroeconomic policy." The book concludes with several essays on various aspects of political economy, including a timely reminder that economic policies should serve ethical values.James Tobin, who received the Nobel prize in economics in 1981, is Sterling Professor of Economics at Yale.
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James Tobin, who received the Nobel prize in economics in 1981, is Sterling Professor of Economics at Yale.
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First Sentence:
The 100th anniversary of the birth of John Maynard Keynes occurs, like the publication of his General Theory, during a world depression. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
real net interest rate, monetary disinflation, inflationary symptoms, wage disinflation, seven summit countries, monetized debt, money stock targets, interest outlays, inertial inflation, civilian spending, cyclical deficits, unemployment target, price acceleration, economic slack, excess unemployment, excess demand inflation, inflationary psychology, inflation statistics, fiscal programme, demand stimulus, monetary stimulus, cent unemployment, proportional taxation, fiscal stimulus, demand management policies Key Phrases - Capitalized Phrases (CAPs): (learn more)
United States, Federal Reserve, New York, General Theory, World War, President Reagan, United Kingdom, West Germany, Paul Volcker, Vietnam War, North America, Employment Act, New Economics, Phillips Curve, Chairman Volcker, Great Society, President Johnson, Third World, White House, Western Europe, Consumer Price Index, Milton Friedman, Ronald Reagan, Brookings Institution, John Maynard Keynes New!
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Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
The 100th anniversary of the birth of John Maynard Keynes occurs, like the publication of his General Theory, during a world depression. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
real net interest rate, monetary disinflation, inflationary symptoms, wage disinflation, seven summit countries, monetized debt, money stock targets, interest outlays, inertial inflation, civilian spending, cyclical deficits, unemployment target, price acceleration, economic slack, excess unemployment, excess demand inflation, inflationary psychology, inflation statistics, fiscal programme, demand stimulus, monetary stimulus, cent unemployment, proportional taxation, fiscal stimulus, demand management policies Key Phrases - Capitalized Phrases (CAPs): (learn more)
United States, Federal Reserve, New York, General Theory, World War, President Reagan, United Kingdom, West Germany, Paul Volcker, Vietnam War, North America, Employment Act, New Economics, Phillips Curve, Chairman Volcker, Great Society, President Johnson, Third World, White House, Western Europe, Consumer Price Index, Milton Friedman, Ronald Reagan, Brookings Institution, John Maynard Keynes New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Citations (learn more)
This book cites 35
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14
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- The General Theory of Employment, Interest, and Money (Great Minds Series) by John Maynard Keynes on 5 pages
- Essays in Economics, Vol. 2: Consumption and Economics by James Tobin in Front Matter, page 296, and page 367
- Race and Economics by Thomas Sowell on page 473, page 475, and page 477
- Economic Activity by G. C. Harcourt on page 296, and page 413
- Public Debt and Future Generations by James M. Ferguson on page 235
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- Money, Macroeconomics, and Economic Policy: Essays in Honor of James Tobin by William C. Brainard on 4 pages
- Measurement, Quantification and Economic Analysis: Numeracy in Economics by Ingrid H. Rima on page 261
- Fifty Key Thinkers on Development (Routledge Key Guides) by David Simon on page 263
- The Unemployment Crisis in Australia: Which Way Out? by Stephen Bell in Back Matter
- Restoring Japan's Economic Growth (Policy Analyses in International Economics) by Adam S. Posen in Back Matter
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