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Keynes and the World Economy
from Soho to Bloomsbury
Ideology and Logic
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aggregate analysis argued argument assumption Bank Britain budget C-sector cent changes commodities concept concerning considered constant capital consumption cost of living countries deficit depends determined distribution of income economists effective demand efficiency of capital equation existing exogenous expenditure fact factors fall finance firms full employment given growth important income distribution increase industrial inflation interest rates interpretation investment IS-LM J. M. Keynes J. R. Hicks Keynes's level of employment logical long-term expectations marginal efficiency marginal productivity Marx means ment Monetarism monetarists monetary policy neoclassical output period possible post-war price level probability problem propensity to consume quantity of money rate of exploitation rate of interest rate of profit rational expectations real wages real-wage realised reason reduce rentier result rise role sector social spending stable surplus value theory tion trade unions variables wage share Walrasian Walrasian equilibrium