Macro Economics After Keynes A Reconsideration of the General Theory 1st Edition by Victoria Chick ISBN 0860031225 ‎978-0860031222

This reassessment of J. M. Keynes’s The General Theory of Employment, Interest and Money results from the author’s experience in using Keynes’s book asthe core of her macroeconomics courses for undergraduates. It is intended toencourage others to bring the General Theory back into mainstream teaching, becauseit “gives a far richer understanding of the structure of macroeconomic interactionsand methods of analysing them than much of what has been written since.”VictoriaChick is Lecturer in Economics at University College, London.

Table of contents:

Preliminaries and fundamentals.
Keynes and macroeconomics ;
The method of the General theory ;
The aggregative framework
A static model of a dynamic process.
The theory of output and employment ;
The microfoundations of aggregate supply ;
Aggregate demand ;
The labour market : Keynes versus the classics ;
The demand for labour further considered
Finance. Saving, investment, interest and finance ;
Incentives to liquidity ;
The determination of the rate of interest ;
The banking system ;
The static model : recapitulation
The system in motion.
The multiplier ;
Prices and output ;
Cyclical fluctuations ;
Money Policy matters.
Policy implications : monetary and fiscal policy ;
Policy in a longer-term perspective ;
The relevance of the General theory today