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AA00260492-19890002-0053.pdf
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Title |
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A MONETARIST ON KEYNES : UNEMPLOYMENT WITHOUT THE UNEMPLOYED
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Bronfenbrenner, Martin
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Aoyama Gakuin University
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Keio Economic Society, Keio University
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1989
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Keio economic studies
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26
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2
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1989
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53
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61
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Abstract |
This is a review article on Prof. Allan Meltzer's Kyenes' Monetary Theory. This reviewer considers it the most original and thorough-going reinterpretation of Keynes' General Theory in 20 years. Save for dislike of the rentier class and of high interest rates, Meltzer's Keynes retains "the presuppositions of Harvey Road" as regards the desires of labor and the potential efficacy of public investment. But this review suggests that, if Meltzer's "different interpretation" of Keynes should prove correct, the resulting system could not have maintained high employment in a regime of strong and militant trade unionism.
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Jul 30, 2012 | | フリーキーワード を変更 |
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