Macroeconomic Analysis in the Classical Tradition explains how the influence of Keynes-s macroeconomics, including his changed definitions of some key macroeconomic concepts, has impeded many analysts- ability to readily resolve disputes in modern macroeconomics.
Expanding on his earlier work-Macroeconomics without the Errors of Keynes (2019)-the author delves into more aspects of macroeconomic theory and argues for a revision of Keynes-s contribution to the field. Attention is given to theories and concepts such as Say-s Law, the quantity theory of money, the liquidity trap, the permanent income hypothesis, 100% money, and the Phillips curve analysis. The chapters work to build a careful critique of Keynes-s economics and make the case that the classical macroeconomics of Smith, Say, Ricardo, Mill, and others could help resolve present-day policy disagreements and redefine macroeconomic priorities.
This book provides essential reading for
