Keynesian Policy, Monetary Policy, and the Weakening of Competition

Michael Perelman

Chapter Chapter 5 in The Pathology of the U.S. Economy Revisited, 2002, pp 109-139 from Palgrave Macmillan

Abstract: Abstract In this chapter, I will look in more detail at John Maynard Keynes’s doctrines, which form the theoretical base for the Economic Management School. I will show that, while Keynesian policies can stimulate the economy relatively quickly, in the long run they can also cause serious damage.

Keywords: Interest Rate; Machine Tool; Capital Stock; Steel Industry; Capital Good (search for similar items in EconPapers)
Date: 2002
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Chapter: Keynesian Policy, Monetary Policy, and the Weakening of Competition (1996)
Chapter: Keynesian Policy, Monetary Policy, and the Weakening of Competition (1993)
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DOI: 10.1057/9780230108233_6

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