Part II features a detailed biographical dictionary of 150 economists, including their major published works, an analysis of their contribution to economic thought and a guide to the secondary literature. I have chosen some big names...
Arthur Melvin Okun was nonetheless convinced that the state had an essential role to play. Very critical towards monetarism and the new classical macroeconomics, he considered, however, that orthodox Keynesianism had to be revised, in order to take account of price rigidities and the existence in the economy of long-term contracts both
on goods and labour markets, where Smith’s invisible hand was replaced by what he called the ‘invisible handshake’
Kalecki Michal There are similar features in the links between Keynes and Kalecki. It is not a matter this time of a school but of an individual, and an isolated one. Kalecki found his inspiration in Marx and Rosa Luxemburg, to elaborate the first of a series of models in which he integrated a theory of effective demand comparable to Keynes’s.
Milton Friedman and Motenarizm:
Fierdman Milton who was originally a Keynesian, a supporter of the New Deal but his 1950s reinterpretation of the Keynesian consumption function challenged the standard Keynesian model of that time. During the 1960s he promoted an alternative macroeconomic policy known as "monetarism"
Buchanan James McGill and his Public Choice Theory and of course Arthur Laffer and his Curve
Mandel and Marxism:
Ernest Mandel wanted to shake the dust off Marxism, Hence Mandel tried to understand the Soviet reality, of which he was most critical, in the light of Marx’s theory; he viewed the USSR and the East European countries as workers’ states suffering from bureaucratic degeneracy. He also proposed an interpretation of the evolution of Marx’s economic thought that breaks with the traditional vision (1967) underlining, for example, the importance of the concept of alienation.
On the end of book you can find name index and subject index which help a lot. Whole part II is a very good tool I mean is very easy to find some basic answers about some big names.
Using this index as a tool you can easly find what for example Keynes and his theory have had in common with other economists. I mean here we can say “enemis” of this doctrine or advocaters or just people who take their inspiration from this idea - ex. Stockholm school.
Todays economic conditions is similar to that which existed during the earlier part of the century had returned, making Keynesian policy prescriptions more relevant than ever.
What you think?
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