Keynes's General theory, the rate of interest and 'Keynesian' economics [electronic resource] : Keynes betrayed / Geoff Tily.

Geoff Tily argues that Keynes was primarily concerned with monetary policy, not fiscal policy. Viewed as a coherent whole, Keynes's work was concerned with the appropriate technique and infrastructure for the management of money at low rates of interest. More specifically, his rejection of the...

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Bibliographic Details
Online Access: Full Text (via Springer)
Main Author: Tily, Geoff, 1965-
Other Authors: Keynes, John Maynard, 1883-1946
Format: Electronic eBook
Language:English
Published: Basingstoke [England] ; New York : Palgrave Macmillan, 2007.
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MARC

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520 |a Geoff Tily argues that Keynes was primarily concerned with monetary policy, not fiscal policy. Viewed as a coherent whole, Keynes's work was concerned with the appropriate technique and infrastructure for the management of money at low rates of interest. More specifically, his rejection of the gold standard led ultimately to his proposal for an international clearing union to support domestic debt-management and monetary policies aimed at cheap money. His ideas became reality. With the start of the Great Depression, governments across the world began a (short-lived) era of the deliberate management of money. While many others have argued that 'Keynesian' economics is a misrepresentation of Keynes's theory, Tily argues that 'Keynesian' economics also permitted a gross misrepresentation of his economic policies. 'Keynesian' economics was a different theory opposed, and indeed rival, to Keynes's work. With the policy perspective restored, an alternative presentation of Keynes's economics, based on post-Keynesian economics, is permitted. 
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