- Notation
- Prologue: What Is This Book About?
- I. Background: The Rise and Fall
- 1. Introduction: Is This Resurrection Necessary?
- 2. What Were They Thinking? Economics before The General Theory
- II. Keynes Defeated: Static Models and the Critics
- 3. The Determination of Output and Employment: First and Second Passes at Equilibrium
- Appendix 1: Keynes’s Definition(s) of Unemployment
- Appendix 2: Do Interest Rates Adjust Saving and Investment?
- Mathematical Appendix
- 4. Equilibrium with a Given Money Supply: Critical Perspectives on the Second-Pass Model
- Mathematical Appendix
- 3. The Determination of Output and Employment: First and Second Passes at Equilibrium
- III. Keynes Vindicated: A Theory of Real-Time Changes
- 5. The Price Mechanism: Gospels According to Marshall and Walras
- Mathematical Appendix
- 6. The General Theory without Rigid Prices and Wages
- Appendix: A Brief History of Stationary Real-Price Equilibria
- Mathematical Appendix
- 7. Dynamics vs. Statics: Can the Economy Get from the Here of Unemployment to the There of Full Employment?
- Mathematical Appendix
- 8. A Dose of Reality: The Evidence of the Great Depression
- Appendix: Milton Friedman and Anna Schwartz on What Made the Depression Great
- Mathematical Appendix
- 5. The Price Mechanism: Gospels According to Marshall and Walras
- IV. Building Blocks
- 9. Consumption and Saving
- Mathematical Appendix
- 10. Investment
- Mathematical Appendix
- 11. The Theory of Interest, I: Liquidity Preference in a World of Money and Bonds
- Appendix: Bond Coupons as Insurance against Price Declines
- Mathematical Appendix
- 12. The Theory of Interest, II: Liquidity Preference as a Theory of Spreads
- Mathematical Appendix
- Empirical Appendix: What Do the Data Say?
- 13. Taking Money Seriously
- Mathematical Appendix
- 9. Consumption and Saving
- V. Fiscal Policy in Theory and Practice
- 14. Functional Finance and the Stabilization of Aggregate Demand
- 15. Did the Obama Stimulus Work?
- Empirical Appendix: Regressions and Their Discontents
- 16. Functional Finance and the Composition of Aggregate Demand
- Appendix 1: Sound Finance as Starving the Beast
- Appendix 2: The Empirics of Debt Sustainability
- Appendix 3: Are Government Bonds Private Wealth? And What Difference Does It Make for the Sustainability of the Debt?
- Mathematical Appendix
- VI. Keynes in the Long Run
- 17. First Steps into the Long Run: Harrod, Domar, Solow, and Robinson
- Appendix: Inventory Accumulation as a Brake on Output
- 18. Keynes in the Long Run: A Theory of Wages, Prices, and Employment
- Mathematical Appendix
- 19. Inflation and Employment Empirics in the Keynesian Long Run
- 17. First Steps into the Long Run: Harrod, Domar, Solow, and Robinson
- Epilogue: Attack Them in Their Citadel
- Notes
- References
- Acknowledgments
- Index
Raising Keynes
A Twenty-First-Century General Theory
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$99.95 • £79.95 • €90.00
ISBN 9780674971028
Publication Date: 06/15/2021
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