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4. Keynes and the Theory of Derived Demand
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Sidney Weintraub
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Chapters in this book
- Frontmatter I
- Contents VII
- Acknowledgments IX
- Preface XI
- Preface to the New Edition XIII
- Introduction: Perspectives on Money Wages 1
- 1. Keynes and the Monetarists 20
- 2. The Keynesian Light That Failed 39
- 3. Keynes and the Quantity Theory Elasticities 61
- 4. Keynes and the Theory of Derived Demand 76
- 5. The Full Employment Model: A Critique 96
- 6. Revision and Recantation in Hicksian Economics 113
- 7. Money Supplies and Price-Output Variation: The Friedman Puzzle 124
- 8. Money as Cause and Effect 139
- 9. A Theory of Monetary Policy Under Wage Inflation 161
- 10. The Price Level in the Open Economy 182
- 11. A Macro Theory of Pricing, Income Distribution, and Employment 196
- 12. Marginal Productivity and Macrodistribution Theory 215
- 13. Rising Demand Curves in Price Level Theory 231
- 14. Cost Inflation and the State of Economic Theory: A Comment 246
- 15. New Books on Keynes 251
- 16. A Tax-Based Incomes Policy 259
- Appendix 1. In Defense of Wage-Price Guideposts . . . Plus 281
- Appendix 2. An Incomes Policy to Stop Inflation 307
- Appendix 3. Solow and Stiglitz on Employment and Distribution: A New Romance with an Old Model? 323
- Index 335
Chapters in this book
- Frontmatter I
- Contents VII
- Acknowledgments IX
- Preface XI
- Preface to the New Edition XIII
- Introduction: Perspectives on Money Wages 1
- 1. Keynes and the Monetarists 20
- 2. The Keynesian Light That Failed 39
- 3. Keynes and the Quantity Theory Elasticities 61
- 4. Keynes and the Theory of Derived Demand 76
- 5. The Full Employment Model: A Critique 96
- 6. Revision and Recantation in Hicksian Economics 113
- 7. Money Supplies and Price-Output Variation: The Friedman Puzzle 124
- 8. Money as Cause and Effect 139
- 9. A Theory of Monetary Policy Under Wage Inflation 161
- 10. The Price Level in the Open Economy 182
- 11. A Macro Theory of Pricing, Income Distribution, and Employment 196
- 12. Marginal Productivity and Macrodistribution Theory 215
- 13. Rising Demand Curves in Price Level Theory 231
- 14. Cost Inflation and the State of Economic Theory: A Comment 246
- 15. New Books on Keynes 251
- 16. A Tax-Based Incomes Policy 259
- Appendix 1. In Defense of Wage-Price Guideposts . . . Plus 281
- Appendix 2. An Incomes Policy to Stop Inflation 307
- Appendix 3. Solow and Stiglitz on Employment and Distribution: A New Romance with an Old Model? 323
- Index 335