It is a little over seventy years since John Maynard Keynes produced his magnum opus, The General Theory of Employment, Interest, and Money. Keynes' staggering achievement has been to remain relevant to economics and other disciplines even today and this book reflects that with an examination on his influence on modern economics. Leading economists from a variety of backgrounds, including Ed Nell and Heinz Kurz have joined forces in this volume with internationally respected Japanese scholars to produce a strong collection of contributions to the debate on Keynes' monumental legacy. This book will be vital reading for historians of economic thought, economic methodologists as well as those economists with an interest in the overall development of their discipline.
Introduction Part I: Economics of Keynes: Foundations and Applications 1. Aggregate Demand, Employment and Equilibrium with Marginal Productivity (E.J.Nell) 2. Keynes and Modern Macroeconomics (Willi Semmler) 3. Sraffa and Keynes (Heinz Kurz) 4. Liquidity Preference and Demand Shortage (Yoshiyasu Ono) 5. Keynes and Modern Economics (Masao Fukuoka) Part II. Keynesian Economics: Critical Assessments 6. The Rate of Interest and the General Theory (Yuichiro Ohtsuka) 7. Investment and Speculation (Kazuhiko Kitagawa) 8. Marketization of Financial System (Toru Kitahara) 9. On Debt Cycles (Ryuzo Kuroki) 9. Financial Market and Asset Prices (Shigeru Watanabe) 10. Marshall and Cambridge School (Nobuhiro Ito) 11. Liquidity Premium and Fisher Effect (Toru Nagahara) 12. Dynamical Approach of Firms's Behaviors (Ryokichi Chida)