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Keynes's General Theory, the Rate of Interest and Keynesian' Economics Paperback – 31 Jan 2007

5.0 out of 5 stars 3 customer reviews

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Product details

  • Paperback: 360 pages
  • Publisher: Palgrave Macmillan; 2007 ed. edition (31 Jan. 2007)
  • Language: English
  • ISBN-10: 9780230277014
  • ISBN-13: 978-0230277014
  • ASIN: 0230277012
  • Product Dimensions: 13.9 x 2.1 x 21.8 cm
  • Average Customer Review: 5.0 out of 5 stars 3 customer reviews
  • Amazon Bestsellers Rank: 125,666 in Books (See Top 100 in Books)
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Product description


'…such an important book…not merely another book on the history of Keynes's monetary thought. It provides compelling evidence of where 'Keynesians' of all shades have gone wrong and simultaneously provides them with the ammunition to generalize what passes for modern monetary theory and macroeconomics. It enables macroeconomists to put Keynes back into Keynesian economics.' - Colin Rogers, University of Adelaide, Australia

'This is an extraordinary book and a major and significant contribution to Post-Keyensian literature.' - Jan Toporowski, School of African and Oriental Studies, University of London, UK

'Above all, this book is a good read, which may achieve that rare combination of a high level of scholarship with relevance to the policy advisor.' - Mark Hayes, University of Cambridge, UK

What's all the fuss about then? Well, unlike most books on economics, this one is beautifully written, with only the simplest few equations, no acronyms or abstruse jargon in sight, and not too long. In three parts – History, Theory, and Macroeconomics after Keynes – Tily explains carefully and clearly what Keynes was concerned about and actually wrote; how that was used and abused by his contemporaries for their own academic purposes; and what are the implications of his persuasive arguments for the contemporary policy debate. …. Tily argues in his new preface, at first surprisingly but ultimately convincingly, that it follows that Keynes's own view would have been that the problems of the last decade have been caused by so much credit advanced not at interest rates that were too low, but rather too high – and that the multitude of derivatives (CDO² and so on) were then spawned in a doomed attempt to lower the effective cost of the debt burden assumed. … It is a work of inspiring scholarship that will surely make a great present for someone interested in both economics and the history of the mid-twentieth century who would like to understand more about whom to support in the current vigorous policy debates: Krugman or Rogoff? Wolf or Osborne? And just what Keynes himself would have thought about what they have to say, …. Do buy! - Diana Hunter, Financial World

Book Description

This book argues that Keynes was primarily concerned with monetary policy not fiscal policy, and that the loss of these conclusions is of grave consequence

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25 June 2016
Format: Paperback|Verified Purchase
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20 November 2015
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10 August 2010
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Most helpful customer reviews on 4.6 out of 5 stars 2 reviews
5.0 out of 5 starsThis is a most excellent book the product of a great deal of research ...
3 December 2014 - Published on
Format: Paperback|Verified Purchase
3 people found this helpful.
Michael Emmett Brady
4.0 out of 5 starsYes. Keynes generalized the monetary Equation of Exchange in chapter 21 of the GT
13 December 2010 - Published on
Format: Paperback
3 people found this helpful.

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