- 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

#### Product Details

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$99.95 • £79.95 • €90.00

ISBN 9780674971028

Publication Date: 06/15/2021

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