دانلود کتاب Debates in macroeconomics from the great depression to the long recession: Cycles, crises and policy responses

فهرست مطالب :

Praise for Debates in Macroeconomics from the Great Depression to the Long Recession
Preface: Macroeconomics Facing a Ghost—2008 and the Threat of a New Depression
Economic Crises, the Rise and then Fall of Keynesian Economics
Acknowledgements
Contents
Part I Theory and Policy Around the Great Depression
1 Wicksell’s Novel Macro Thinking: Consequences for Understanding Cycles, Crises and Policy
1.1 Wicksell on Money, Prices and Interest Rates
1.2 The Cumulative Process
1.3 Wicksell on Monetary Policy
1.4 A First Look: The Implications of Wicksell’s Novel Ideas for Macro
1.5 Wicksell on Cycles, Crises and Macro
1.6 Summary
2 The Early Keynes as a Marshallian: Before the Great Depression
2.1 Introduction
2.2 Marshall and Cambridge Monetary Tradition
2.3 Keynes’s Early Monetary Thinking
2.4 Keynes and Wicksell: Up to the Treatise
Appendix 1: The Fundamental Equations
3 The Young Hayek: Toward a Monetary Theory of Cycles
3.1 Hayek’s Early Interest in Monetary Issues
3.2 Monetary Theory and the Trade Cycle
3.3 Prices and Production
3.4 Hayek on Policy Facing the Great Depression
3.5 Summary
Appendix 1: Hayek (1923)—An Outline of a Ph.D. Thesis
4 A Distraction: The Heated Hayek–Keynes Exchange About the Treatise
4.1 Hayek’s and Keynes’s Early Encounters
4.2 The Heated Treatise Deliberations
4.3 On the Public Debate Concerning Policy in the Early 1930s
4.4 Summary: Hayek and Keynes on Crises and Policy in the Early 1930s
Appendix 1: Hayek’s Retrospective Assessment of Keynes as an Economist
Part II Keynes’s and Hayek’s New Thinking: 1936 to 1946
5 Keynes’s General Theory: The Central Messages
5.1 The Path from the Treatise to the General Theory
5.2 The Central Messages: A Departure from Classical and Marshallian Traditions
5.3 The Departure from Wicksell’s “Natural Rate”
5.4 The “Concluding Notes” on Social Philosophy
6 Hayek’s Transformation on Knowledge in Economics
6.1 The Innovative 1937 Paper: “Economics and Knowledge”
6.2 From “Scientism” to “Complexity and Orders”
6.3 Complex Phenomena and Order
6.4 A Later Appraisal
7 Keynes and Hayek After 1936: An Intriguing Silence and Surprising Agreements
7.1 Capitalism, Cycles and Crises
7.2 An Intriguing Silence on the General Theory
7.2.1 Hayek’s Reexamination and Modification of His Theories After the GT
7.2.2 The Gold Standard Versus Monetary Nationalism
7.3 Hayek Rethinking Cycles’ Theory 1939
7.4 The War Consensus: Surprising Agreements
7.4.1 Agreement: “How to Pay for the War”
7.4.2 Defending Liberal Capitalism: “The Road to Serfdom” and Keynes’s Supportive Comments
7.5 Summary
Part III 1950s to 1980s: The Years of Keynesianism and The Counter Revolutions
8 The Ascent of Keynesianism: The IS-LM Hegemony
8.1 The Conventional Story on the Rise of Keynesian Thought
8.2 Blaug on the Keynesian Revolution
8.3 A Dissenting Interpretation: Laidler’s Fabricating the Keynesian Revolution
8.4 Keynes’s General Theory and the IS-LM Model
9 Opposing Keynesianism: Friedman and the Rise of Monetarism
9.1 Against the Orthodoxy of the 1950s: Money Matters
9.2 The Rhetoric of Monetarism: Data and Positivism
9.3 The Central Messages of the 1960s
9.4 Rules Not Discretion: The Debate with the Keynesians
9.5 The Success of Monetarism: “Scientific” and “Ideological” Facets
9.6 Friedman and Hayek
9.7 Leijonhufvud on “The Wicksell Connection” and Friedman
9.8 A Note: Friedman on Free Banking
10 Opposing Keynesianism: Hayek’s 1970s Volte Face—From Opposing to Supporting “Free Banking”
10.1 Hayek’s Return to Economics
10.2 Approving “Free Banking:” The “Competition in Issuing” Argument
10.3 Calling for a “Free Money” Movement
10.4 Benjamin Klein’s Model and Hayek’s Claims
10.5 On Macroeconomics and Knowledge: Hayek, Keynes and the Moderns
Appendix 1: A Note on Hayek’s Position on Free Banking in The Constitution of Liberty
Appendix 2: A Note on Hayek and Monetarism
11 Opposing Keynesianism: New Classical Macroeconomics from Rational Expectations, Through Real Business Cycles, to DSGE and (the So Called) New Keynesians
11.1 Introduction
11.2 Rational Expectations—RE
11.3 Real Business Cycles Theory—RBC
11.4 The Road to DSGE and the (So Called) New Keynesians
11.5 The Opposition of NCM to Keynes and Keynesian Macroeconomics
Part IV Macroeconomics Before the Long Recession: The Return of Micro and Decline of Macro
12 How Did Micro Come to Reign over Macro Again? On Microeconomics, Macroeconomics and Microfoundations for Macro
12.1 Introduction
12.2 Micro and Macro Perspectives
12.3 The Transforming Role of Microfoundations for Macroeconomics
12.4 NCM, Microfoundations for Macro and the “Representative Agent”
12.5 Micro Reigns over Macro Again, Leaving Less Room for Macro Policy
13 On Some Dissenting Views: “Post-Keynesians” and Hyman Minsky
13.1 Introduction
13.2 Early and Later “Post-Keynesians”
13.3 Hyman Minsky: Finance and Instability in the Capitalist System
14 Between Simplicity and Complexity: Had 2008 Witnessed a Failure of Economic Simplicity?
14.1 Introduction
14.2 Complexity Versus Simplicity in Economics
14.3 The Dismal State of Macro in 2008: A Failure of Economic Simplicity?
15 Epilogue: The Road of Macroeconomics Away from Keynesian Economics
15.1 Under the Shadow of the Great Depression: The Rise of Keynesian Macroeconomics
15.2 Early Oppositions to Keynesian Economics: Friedman’s Monetarism and Hayek’s Austrian Formulations
15.3 The Domination of New Classical Macroeconomics by 2008: The Crucial Role of “Microfoundations for Macro”
15.4 A Brief Look at Macroeconomics After 2008: Some Attempts to Modify (But Many “Stayed the Course”)
15.5 Method in Macroeconomics and Government’s Onus in the Economy
References
Author Index
Subject Index