Overview
This book provides a reassessment of Keynesā theory of liquidity preference. It argues that the failure of the Keynesian revolution to be made in either theory or practice owes importantly to the fact that the role of liquidity preference theory as a pivotal element in Keynesā General Theory has remained underexplored and indeed widely misunderstood even among Keynesā followers and until today. The book elaborates on and extends Keynesā conceptual framework, moving it from the closed economy to the global economy context, and applies liquidity preference theory to current events and prominent hypotheses in global finance.
Jƶrg Bibow presents Keynesā liquidity preference theory as a distinctive and highly relevant approach to monetary theory offering a conceptual framework of general applicability for explaining the role and functioning of the financial system. He argues that, in a dynamic context, liquidity preference theory may best be understood as a theory of financial intermediation. Through applications to current events and prominent hypotheses in global finance, this book underlines the richness, continued relevance, and superiority of Keynesā theory of liquidity preference; with Hyman Minsky standing out for developing Keynesā vision of financial capitalism.
This book title, Keynes on Monetary Policy, Finance and Uncertainty (Liquidity Preference Theory and the Global Financial Crisis), ISBN: 9780415616478, by Jorg Bibow, published by Taylor & Francis (April 26, 2011) is available in paperback. Our minimum order quantity is 25 copies. All standard bulk book orders ship FREE in the continental USA and delivered in 4-10 business days.
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