Perspectives on Keynesian Economics
This book combines historical and policy-oriented perspectives on the relevance of the Keynesian approach for economic theory, policy, and crisis analysis. The first part focuses on historical, theoretical, and methodological issues, and puts them in cont
- PDF / 2,118,721 Bytes
- 310 Pages / 439.37 x 666.142 pts Page_size
- 88 Downloads / 205 Views
.
Arie Arnon
l
Jimmy Weinblatt
l
Warren Young
Editors
Perspectives on Keynesian Economics
Editors Prof. Arie Arnon Department of Economics Ben-Gurion University of the Negev Beer-Sheva 84105, Israel [email protected]
Prof. Jimmy Weinblatt Faculty of Humanities and Social Sciences Ben-Gurion University of the Negev Beer-Sheva 84105, Israel [email protected]
Prof. Warren Young Department of Economics Bar-Ilan University Ramat Gan 52900, Israel [email protected]
ISBN 978-3-642-14408-0 e-ISBN 978-3-642-14409-7 DOI 10.1007/978-3-642-14409-7 Springer Heidelberg Dordrecht London New York # Springer-Verlag Berlin Heidelberg 2011 This work is subject to copyright. All rights are reserved, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilm or in any other way, and storage in data banks. Duplication of this publication or parts thereof is permitted only under the provisions of the German Copyright Law of September 9, 1965, in its current version, and permission for use must always be obtained from Springer. Violations are liable to prosecution under the German Copyright Law. The use of general descriptive names, registered names, trademarks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. Cover design: WMXDesign GmbH, Heidelberg, Germany Printed on acid-free paper Springer is part of Springer ScienceþBusiness Media (www.springer.com)
Foreword
The impressive conference on John Maynard Keynes and the collective book that it yielded were financed by a generous grant from The Thomas Guggenheim Foundation. We are deeply grateful to the foundation and in particular to Professor Thomas Guggenheim for the support and for his active participation in the conference. I would like to take this opportunity to give you a few of my own reflections on John Maynard Keynes. Since Keynes the Economist and his ideas will be discussed within this volume, I will not venture down the lane of “Keynesian Economics”. Nevertheless, I would like to say a few words about Keynes the man, the philosopher, the leader – his impact on human society and perhaps on the course of history – and if there is a lesson we may learn from his achievements. I would begin by saying that Keynes and Keynesianism, as perceived in the simplest way, remind me of a famous quote from a philosopher and thinker named Antonio Gramsci. He might be paraphrased as advocating that we should switch from the pessimism of reasoning to the optimism of action. This certainly reflects Keynes’s attitude toward economic policy, as he was an optimist and great believer in action. Keynes was the economist who challenged the famous definition of economics as “the dismal science”, and transformed it, as Reich (1999) noted, into “a revolutionary engine of social progress”. John Maynard Keynes
Data Loading...
