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Preface; Contents; 1 Economic Theory and Economic Policy Since the Seventies: Keynesians Versus New Classical Economists; Abstract; 1.1 Keynes's Economic Thought on the Defensive; 1.2 The Keynesians' Theoretical Response and the Rise of the New Keynesianism; 1.3 The Dominant Financial Theory and Its Criticism; 1.4 The Post-Keynesian Approach to Financial Theory: The Monetary Circuit Theory and Minsky's Financial Instability Hypothesis; 1.5 The Global Financial and Economic Crisis and the Return in the Major Economies of Economic Policy Based on Keynes' Recommendations from the General Theory
1.6 The Return of Keynes to Economic PolicyReferences; 2 The General Theory of Employment, Interest and Money: An Overview with Commentary; Abstract; 2.1 The Starting Point for Analysis; 2.2 The Principle of Effective Demand; 2.3 The Definition of Income, Savings and Investment; 2.4 The Marginal Propensity to Consume and the Multiplier; 2.5 The Marginal Efficiency of Capital; 2.6 The State of Long-Term Expectations; 2.7 Keynes' General Theory of the Interest Rate; 2.8 The Classical Theory of the Interest Rate; 2.9 Psychological and Business Incentives to Liquidity
2.10 Sundry Observations on the Nature of Capital2.11 The Essential Properties of Interest and Money; 2.12 The Underlying Logical Framework of the General Theory; 2.13 Changes in Money-Wages; 2.14 The Employment Function; 2.15 The Theory of Prices; 2.16 Notes on the Business Cycle; 2.17 The Social Philosophy of the General Theory; 2.18 Keynes's Theory of Capital, the Speed of Economic Growth and a Possible Answer to the ``Inflation Trap''; References; 3 Impact of Financial Globalization on the Scope of Economic Theory and Policy; Abstract; 3.1 Changes in the Balance of Economic Power
3.2 The Changed Nature of Managing the Money Supply in the Context of Globally Integrated Finance3.3 The Impact of Financial Liberalisation on the Effectiveness of Economic Policy; 3.4 The Challenges Facing Economic Science and Economic Policy as a Result of the Measures Implemented During the Global Crisis in the Integrated Global Economic System; References; Conclusions
1.6 The Return of Keynes to Economic PolicyReferences; 2 The General Theory of Employment, Interest and Money: An Overview with Commentary; Abstract; 2.1 The Starting Point for Analysis; 2.2 The Principle of Effective Demand; 2.3 The Definition of Income, Savings and Investment; 2.4 The Marginal Propensity to Consume and the Multiplier; 2.5 The Marginal Efficiency of Capital; 2.6 The State of Long-Term Expectations; 2.7 Keynes' General Theory of the Interest Rate; 2.8 The Classical Theory of the Interest Rate; 2.9 Psychological and Business Incentives to Liquidity
2.10 Sundry Observations on the Nature of Capital2.11 The Essential Properties of Interest and Money; 2.12 The Underlying Logical Framework of the General Theory; 2.13 Changes in Money-Wages; 2.14 The Employment Function; 2.15 The Theory of Prices; 2.16 Notes on the Business Cycle; 2.17 The Social Philosophy of the General Theory; 2.18 Keynes's Theory of Capital, the Speed of Economic Growth and a Possible Answer to the ``Inflation Trap''; References; 3 Impact of Financial Globalization on the Scope of Economic Theory and Policy; Abstract; 3.1 Changes in the Balance of Economic Power
3.2 The Changed Nature of Managing the Money Supply in the Context of Globally Integrated Finance3.3 The Impact of Financial Liberalisation on the Effectiveness of Economic Policy; 3.4 The Challenges Facing Economic Science and Economic Policy as a Result of the Measures Implemented During the Global Crisis in the Integrated Global Economic System; References; Conclusions