Cambridge and the Monetary Theory of Production: The Collapse of Marshallian Mac

Description: Cambridge and the Monetary Theory of Production by R. Bigg This book examines the developments in Cambridge monetary and trade cycle theory that were moving it forwards but were also sowing the seeds for the collapse of the Marshallian neoclassical framework. FORMAT Hardcover LANGUAGE English CONDITION Brand New Publisher Description Less than fifty years after the publication of Marshalls Principles Cambridge once again set economics on a new path with the publication of Keyness General Theory. This book examines the developments in Cambridge monetary and trade cycle theory that were moving it forwards but were also sowing the seeds for the collapse of the Marshallian neoclassical framework. The analysis shows how Cambridge economists such as Keynes, Robertson, Lavington and Hawtrey had built on the foundations of Marshall and Pigou to produce theories of adaptive behaviour which acknowledged that the invisible hand could fail in the short run. This established a conflict with the long run theory of market clearing equilibrium which, though it could be ignored at first, had finally to be resolved. Author Biography ROBERT J. BIGG Table of Contents Preface - Introduction - Some Methodological Issues - The Cambridge School - Marshalls Theory of Money and the Trade Cycle - The Marshallian Research Programme - Risk and Uncertainty 1900-26 - Formalisation of the Cambridge Quantity Theory - Developments in Cambridge Monetary Theory to 1925 - The Limitations of the Quantity Theory and the Money Veil - The Trade Cycle - Robertsons Banking Policy and the Price Level - Degeneration in the Marshallian Research Programme - Conclusion - Notes - Bibliography - Index Details ISBN0333516575 Publisher Palgrave Macmillan Year 1990 ISBN-10 0333516575 ISBN-13 9780333516577 Format Hardcover Publication Date 1990-05-22 Imprint Palgrave Macmillan Country of Publication United Kingdom DEWEY 330.155 Media Book Place of Publication Basingstoke Short Title CAMBRIDGE & THE MONETARY THEOR Edition Description 1990 Language English Pages 228 Subtitle The Collapse of Marshallian Macroeconomics Edition 2nd AU Release Date 1990-05-22 NZ Release Date 1990-05-22 UK Release Date 1990-05-22 Author R. Bigg Illustrations XII, 228 p. Alternative 9781349389377 Audience Undergraduate We've got this At The Nile, if you're looking for it, we've got it. With fast shipping, low prices, friendly service and well over a million items - you're bound to find what you want, at a price you'll love! TheNile_Item_ID:99140088;

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