
Introduction: Why Keynes Matters -- Keynes's Legacy, 70 Years Later -- The Three Pillars Of Keynes's Doctrines -- Keynes Under Attack -- An Education In Economics -- Three Signposts -- Fault Lines In The American Economy -- A Half-century Of Aggregate Demand And Output -- The Third Signpost: Employment And Unemployment -- Types Of Unemployment -- Consumer Demand And Where It Leads -- Connections -- The Propensity To Consume -- Money And Liquidity-preference -- A Web Of Relationships -- Trends -- Footnote On The Spectrum Of Interest Rates -- Investment Demand And Where It Leads -- Investment Supply: Where The Money Comes From -- Investment Demand: Putting The Money To Work -- Expectations -- The Rate Of Interest -- A Digression On Three Types Of Price -- Four Periods Of Economic Activity -- What Should The Government Be Doing? -- American Economic Policy During The 1930s -- The Travails Of Understanding Government Statistics -- External Trade And Its Complications -- Did The Deficits Have Any Effect? -- Did Keynes Get It Right? -- Floating On An Ocean Of Expectations -- The Psychology Of Recession -- How Do Businesses Grow? -- The Psychology Of Recovery -- The Prosperous Years Since 1945 -- Keynes The Man -- Social Class And The British: A Digression -- The Leap Into The Top 5 Percent -- Act I: Early Promise, Early Fulfillment -- Act Ii: A Continuous Process Of Intellectual Development -- Versailles And After -- Twenty Years Of Guerilla Infighting -- The Troubles Of The 1920s -- The Gold Standard And The Forces Of Financial Conservatism -- The Great Depression -- Keynes, England And The World -- An Intimation Of Mortality -- The Approach Of World War Two -- Guru Becomes Man Of Action -- Keynes As Treasury Ambassador -- Bringing An End To Economic Warfare -- The Employment Policy White Paper -- Keynes's Last Contribution -- Keynes The Prophet. John Philip Jones. Includes Index. Includes Bibliographical References And Index.
This work investigates why the global economic collapse of the 1930s failed to recur in the post-1945 era, centering on the enduring influence of John Maynard Keynes's economic doctrines. The author, John Philip Jones, examines the structural shifts in government policy, aggregate demand management, and the psychological factors governing investment and consumer behavior. By synthesizing historical economic data with a biographical account of Keynes's intellectual development, the text argues that the application of Keynesian principles provided the necessary framework to stabilize modern capitalist economies.
What You Will Find
Experts identify this text as a comprehensive synthesis that bridges the gap between technical economic theory and biographical history. Readers frequently note the accessibility of the prose, which makes complex macroeconomic concepts understandable for those without a formal background in the field.
Page Count:
240
Publication Date:
2007-01-01
Publisher:
Routledge
ISBN-10:
0203939816
ISBN-13:
9780203939819
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