Keynesian macroeconomics beyond the IS-LM model / Chandana Ghosh and Ambar Nath Ghosh.
2019
HB99.7
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Details
Title
Keynesian macroeconomics beyond the IS-LM model / Chandana Ghosh and Ambar Nath Ghosh.
Author
Ghosh, Chandana, author.
ISBN
9789811378881 (electronic book)
9811378886 (electronic book)
9789811378874
9811378886 (electronic book)
9789811378874
Published
Singapore : Springer, [2019]
Copyright
©2019
Language
English
Description
1 online resource.
Item Number
10.1007/978-981-13-7
Call Number
HB99.7
Dewey Decimal Classification
330.156
Summary
This book makes an original and significant contribution to Keynesian macroeconomics. The IS-LM model is a basic workhorse of Keynesian macroeconomics. However, its financial aspects are extremely rudimentary and the link between the real and the financial sector is extremely tenuous. Hence, neither the IS-LM model nor IS-LM-based models can be applied to the major economic issues facing todays world. This book develops alternative models in the Keynesian tradition that incorporate financial institutions and make explicit the intimate link between the processes of generation of income, saving, credit and expenditure. It subsequently uses these models to address the major current macroeconomic issues that India and the rest of the world are confronted with. In the Indian context, it focuses on the issues of unemployment, growth, recession, bank performance, banking sector reforms and corruption. It also seeks to identify the causes of economic crises in Greece and the US. The analysis reveals a common trend in the economies considered here: the policy framework within which they function is recessionary, exploitative and fosters unemployment, inequality and poverty. Further, this framework is leading these economies farther away from the goal that every civilized society should strive to achieve, namely, providing all citizens with suitably gainful jobs and adequate access to quality food, clothing, shelter, education and health care. The book seeks to identify the cause of this malady, and puts forward policies to remedy it. It thus contains takeaways for academia, think tanks as well as policy makers.
Bibliography, etc. Note
Includes bibliographical references and index.
Access Note
Access limited to authorized users.
Source of Description
Online resource; title from PDF title page (viewed May 29, 2019).
Added Author
Ghosh, Ambar Nath, author.
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