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Masayuki Otaki, Keynes’s General Theory Reconsidered in the Context of the Japanese Economy
(Springer, 2016, May)

2017.10.5更新

Part I Reconsideration of The General Theory

1 Analyzing the Structure of The General Theory

 References

2 Analyzing Book I of The General Theory.

 2.1 Introduction

 2.2 Involuntary Unemployment and the Stability of Society

 2.3 The Existence Proof of Involuntary Unemployment

 References

3 Analyzing Book II of The General Theory

 3.1 Introduction

 3.2 The Conundrum in the Aggregation Problem of Prices and Quantities

 3.3 Some Definitions

  3.3.1 Definition of forced saving

 Appendix 1: A Solvable Case of the Aggregation Problem Regarding Total Employment

 Reference

4 Analyzing Book III of The General Theory

 4.1 Introduction

 4.2 The Propensity to Consume

 References

5 Analyzing Book IV of The General Theory

 5.1 Introduction

 5.2 Investment Function and Stock Market

 5.3 Liquidity Preference and the Theory of Interest

 Appendix 2: The Derivation of the Formula of the Marginal Efficiency of Investment

 References

6 Analyzing Book V of The General Theory

 6.1 Introduction

 6.2 Effects of Change in the Nominal Wage

 6.3 The Employment Function

 6.4 Liquidity and the Stable Nominal Wage

 References

7 Analyzing Book VI of The General Theory

 7.1 Introduction

 7.2 Keynes’s View of the Business Cycle

 7.3 The Obituary to Keynes’s Predecessors

 7.4 Some Philosophical Notes

 References

8 Concluding Remarks of Part I

 8.1 The Misunderstanding of Keynes and His Conscience as a Liberalist

 Reference

Part II Developing a New Collective Intelligence from The General Theory

9 Developing a New Collective Intelligence from The General Theory

 9.1 Introduction

 9.2 Exorbitant Accumulation of Public Debt and Economic Growthl

  9.2.1 The Nature of Public Debt and Taxation

  9.2.2 Adjustment Cost and Investment Function

  9.2.3 Market Equilibrium

  9.2.4 Economic Policy and Its Long-Run Implication: Exorbitant Expansionary Monetary Policy Suppresses the Potentiality of an Economy

 References

10 Concluding Remarks of Part II


Index

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