Economics, Econometrics and Finance
4 years ago

Keynesian Revolution Unveils Impact of Money on Unemployment and Prices

Palgrave Macmillan UK eBooks
The Dual-faceted Nature of the Keynesian Revolution: Money and Money-wages in Unemployment and Production Flow Prices
Louise Davidson

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The Keynesian Revolution focused on how money and money-wages affect unemployment and production prices. Critics, like monetarists, say Keynes didn't emphasize the role of money enough in The General Theory. The study explores concepts like monetary policy, general equilibrium, money supply, full employment, and forward contracts.