凯恩斯，凯恩斯主义者和货币主义

凯恩斯，凯恩斯人和货币主义是对宏观经济政策持续辩论的重大贡献。Tim Congdon一直是30多年来的货币经济原则的强大支持者。他的着作 - 在报纸和议会委员会，以及学术期刊 - 在20世纪80年代和1990年代的英国宏观经济政策转型中发挥了影响力。

本书自1992年收集以来汇集了作者写作的主要文件，反思了货币主义。It challenges several ‘conventional wisdoms’ about UK macroeconomic policy (and thinking about policy), arguing – for example – that the Keynesians’ advocacy of incomes policy and fiscal activism in the immediate post-war decades did not have a clear basis in Keynes’s own writings. The book denies that the UK had a ‘Keynesian revolution’, in the sense of a deliberately pursued fiscal activism to promote ‘full employment’. Implicit throughout the volume is a distinctive view of how the economy works, with an account of the transmission mechanism (from money to the economy) in which movements in asset prices and aggregate demand are strongly influenced by the quantity of money. Congdon uses this approach to demonstrate that monetary policy has had more powerful effects on macroeconomic activity in the post-war period than fiscal policy. He also suggests that the now fashionable ‘New Keynesian’ view of policy-making acknowledges the primacy of monetary policy and would be better termed ‘output gap monetarism’. In short, Keynes, the Keynesians and Monetarism contends that monetarism defeated Keynesianism in the battle of ideas in the 1970s and 1980s. The achievement of greater macroeconomic stability in the last 15 years is largely due to the impact of monetarist thinking on policy-making.

这本书写得清晰而有吸引力，涵盖了宏观经济思维和政策制定的基本主题。对于经济学、宏观经济学和货币理论的各个层次的学者来说，这本书将是一本具有煽动性和吸引力的读物。它还将在各国央行和财政部的政策制定者、在企业工作的商业经济学家、以及伦敦金融城(City of London)和其他金融中心的金融经济学家中找到听众。