Keynes: Useful Economics for the World Economy

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Peter Temin (Professor, Massachusetts Institute of Technology) David Vines (Professor, Oxford University)

Keynes

Useful Economics for the World Economy

Peter Temin (Professor, Massachusetts Institute of Technology), David Vines (Professor, Oxford University)

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English

MIT Press
12 February 2016

Economic theory & philosophy; Macroeconomics

Series: The MIT Press

Why Keynes is relevant to today's global economic crisis, and how Keynesian ideas can point the way to renewed economic growth.

As the global economic crisis continues to cause damage, some policy makers have called for a more Keynesian approach to current economic problems. In this book, the economists Peter Temin and David Vines provide an accessible introduction to Keynesian ideas that connects Keynes's insights to today's global economy and offers readers a way to understand current policy debates. They survey economic thinking before Keynes and explain how difficult it was for Keynes to escape from conventional wisdom. They also set out the Keynesian analysis of a closed economy and expand the analysis to the international economy, using a few simple graphs to present Keynes's formal analyses in an accessible way. Finally, they discuss problems of today's world economy, showcasing the usefulness of a simple Keynesian approach to current economic policy choices. Keynesian ideas, they argue, can lay the basis for a return to economic growth.

By: Peter Temin (Professor Massachusetts Institute of Technology), David Vines (Professor, Oxford University)
Imprint: MIT Press
Country of Publication: United States
Dimensions: Height: 229mm, Width: 152mm, Spine: 8mm
Weight: 218g
ISBN: 9780262528993
ISBN 10: 0262528991
Series: The MIT Press
Pages: 132
Publication Date: 12 February 2016
Recommended Age: From 18 years
Audience: College/higher education , Professional and scholarly , Primary , Undergraduate
Format: Paperback
Publisher's Status: Active

Peter Temin is Professor of Economics Emeritus at MIT. He is the coauthor of Keynes- Useful Economics for the World Economy (MIT Press) and of The Leaderless Economy. David Vines, Professor of Economics and Fellow of Balliol College at the University of Oxford, is a joint editor of a number of books on global economic governance. He is a coauthor of The Leaderless Economy- Why the World Economic System Fell Apart and How to Fix It.