Keynes: O Retorno do Mestre
Greg. Mankiw comenta o novo livro de Robert Skidelsky, o biógrafo "oficial" de John Maynard Keynes, no WSJ.
"Keynesian theory is based in part on the premise that wages and prices do not adjust to levels that ensure full employment. But if recessions and depressions are as costly as they seem to be, why don't firms have sufficient incentive to adjust wages and prices quickly, to restore equilibrium? This is a classic question of macroeconomics that, despite much hard work, is yet to be fully resolved.
Which brings us to a third group of macroeconomists: those who fall into neither the pro- nor the anti-Keynes camp. I count myself among the ambivalent. We credit both sides with making legitimate points, yet we watch with incredulity as the combatants take their enthusiasm or detestation too far. Keynes was a creative thinker and keen observer of economic events, but he left us with more hard questions than compelling answers."
- Dinâmica Macroeconômica - Recursos Adicionais
Em substituição da aula de hoje seguem sugestões de pesquisa autônoma: Leitura de John Maynard Keynes: A Teoria Geral de Emprego, do Juro e da Moeda Vídeo Clips didáticos: O princípio da demanda efetiva Parte I Parte II Keynes e os clássicos...
- Keynes E Hayek (e Wicksell)
Roger Garrison explica: "While standard accounts of the 1930s debates surrounding economic thought pit John Maynard Keynes against Friedrich von Hayek in a clash of ideology, this reflexive dichotomy is in many respects superficial. It is the argument...
- A Função Do Sistema De Preços
F. A. Hayek: Prices and Economic Order "... In 1936, the year in which (entirely coincidentally) John Maynard Keynes published The General Theory, I suddenly saw, as I prepared my presidential address to the London Economic Club, that my previous...
- Macro - O Curto E O Longo Prazo
Keynes sobre o curto e o longo prazo: "The long run is a misleading guide to current affairs. In the long run we are all dead. Economists set themselves too easy, too useless a task if in tempestuous seasons they can only tell us that when the storm is...
- Se Precisa Nova Teoria Econômica
Edmund Phelps, director of the Center on Capitalism and Society, Columbia University, who won the 2006 Nobel Prize for economics, writes: "What theory can we use to get us out of the impending slump quickly and reliably? To use the “new classical”...