Keynesian Policy, Monetary Policy, and the Weakening of Competition

Michael Perelman

Chapter 5 in The Pathology of the U.S. Economy, 1996, pp 109-144 from Palgrave Macmillan

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

Keywords: Interest Rate; Machine Tool; Monetary Policy; Capital Stock; Steel Industry (search for similar items in EconPapers)
Date: 1996
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Chapter: Keynesian Policy, Monetary Policy, and the Weakening of Competition (2002)
Chapter: Keynesian Policy, Monetary Policy, and the Weakening of Competition (1993)
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DOI: 10.1007/978-1-349-24329-7_5

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