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Maynard's Revenge: The Collapse of Free Market Macroeconomics

机译:梅纳德的复仇:自由市场宏观经济学的崩溃

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This is a book about macroeconomics: its history, its theory, and its relevance for understanding our current economic problems. The book title refers to John Maynard Keynes, the father of macroeconomics. Keynes wrote his path-breaking The General Theory of Employment, Interest and Money in the 1930s. The General Theory dominated macroeconomics for 25 years after World War Ⅱ; then it was condemned by new-classical macroeconomists and banned from macroeconomic textbooks. Today students of macroeconomics hear little about Keynes; they are told that he is an out-dated economist, remembered for arguing that temporary (involuntary) unemployment was caused by sticky money wages. Since the 1980s, mainstream macroeconomics has focused instead on the general equilibrium model of a perfect market economy, which corresponds to the political vision of Margaret Thatcher in the United Kingdom and Ronald Reagan in the United States.
机译:这是一本有关宏观经济学的书:它的历史,理论以及与理解我们当前的经济问题的相关性。书名是指宏观经济学之父约翰·梅纳德·凯恩斯。凯恩斯在1930年代写下了他开创性的《就业,利息和货币通论》。第二次世界大战后的25年中,通论主导了宏观经济学。然后遭到新古典宏观经济学家的谴责,并被宏观经济教科书所禁止。今天,宏观经济学的学生对凯恩斯一无所知。他们被告知他是一位过时的经济学家,因辩称临时(非自愿)失业是由固定工资造成的而被记住。自1980年代以来,主流宏观经济学开始专注于理想市场经济的一般均衡模型,这与英国的玛格丽特·撒切尔和美国的罗纳德·里根的政治愿景相对应。

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