Titolo: Economics in the Long Run: New Deal ...
Casa editrice: The University of North Carolina Press
Data di pubblicazione: 1997
Condizione libro: very good
Gently used. Expect delivery in 2-3 weeks. Codice inventario libreria 9780807823156-3
Riassunto: Though understandably preoccupied with the immediate problems of the Great Depression, the generation of economists that came to the forefront in the 1930s also looked ahead to the long-term consequences of the crisis and proposed various solutions to prevent its recurrence. Theodore Rosenof examines the long-run theories and legacies of four of the leading members of this generation: John Maynard Keynes of Great Britain, who influenced the New Deal from afar; Alvin Hansen and Gardiner Means, who fought over the direction of New Deal policy; and Joseph Schumpeter, an opponent of the New Deal. Rosenof explores the conflicts that arose among long-run theorists, arguing that such disputes served eventually to set the stage for the emergence and domination of a short-run Keynesian approach to economic policy that collapsed under the impact of 1970s stagflation. Tracing the subsequent revival of long-run theories, Rosenof demonstrates their relevance to an understanding of the economy's problems over the past quarter-century and to the current debate over public policy.
Originally published in 1997.
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Descrizione del libro:
"Rosenof is masterly in explicating the intellectual theories of his protagonists and tracing the evolution of their ideas. He is fully conversant with the literature of economics and also makes good use of the unpublished papers of Means, Hansen, and Schumpeter. It is his great strength that he is able to track essential continuities without losing sight of the subtle but noteworthy changes that so often color the idea systems as they move through time. To my mind, no scholar of economic thought writing today does this better."-- American Historical Review
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