Book recommendation on Keynesian economic theory?

Book recommendation on Keynesian economic theory?
by

1 Answer

Answer :

answer:If you want a book that gives you a clear explanation of Keynes and other great economic thinkers of our times, checkout the book The Wordly Philosophers I’ve read this book and I think it might be what your looking for without having to have to have PHD in economics to understand. Good Luck! R
by

Related questions

Acording to Keynesian theory of income determination, at full employment, a fall in aggregate demand causes - (1) a fall in prices of output and resources (2) a fall in real gross National product and employment (3) a rise in real gross National product and investment (4) a rise in prices of output and resources

Description : Acording to Keynesian theory of income determination, at full employment, a fall in aggregate demand causes - (1) a fall in prices of output and resources (2) a fall in real gross National product ... a rise in real gross National product and investment (4) a rise in prices of output and resources

Last Answer : (1) a fall in prices of output and resources Explanation: In 1936, John Maynard Keynes published the book "The General Theory of Employment, Interest and Money to explain the prolonged and ... at a below-full-employment equilibrium. Suppose that the economy is at the full-employment equilibrium.

Keynesian theory of investment is known as ----- (a) Marginal Efficiency of Capital Theory. (b) Marginal Efficiency of Investment Theory. © Optimum Stock of Capital Theory. (d) Actual Stock of Capital Theory.

Description : Keynesian theory of investment is known as ----- (a) Marginal Efficiency of Capital Theory. (b) Marginal Efficiency of Investment Theory. © Optimum Stock of Capital Theory. (d) Actual Stock of Capital Theory.

Last Answer : (b) Marginal Efficiency of Investment Theory.

According to Keynesian theory of income determination, at full employment, a fall in aggregate demand causes (1) a fall in prices of output and resources (2) a fall in real gross National product and employment (3) a rise in real gross National product and investment (4) a rise in prices of output and resources

Description : According to Keynesian theory of income determination, at full employment, a fall in aggregate demand causes (1) a fall in prices of output and resources (2) a fall in real gross National product and ... rise in real gross National product and investment (4) a rise in prices of output and resources

Last Answer :  a fall in prices of output and resources

The Keynesian consumption function shows a relation between - (1) aggregate consumption and total population. (2) aggregate consumption and general price level. (3) aggregate consumption and aggregate income (4) aggregate consumption and interest rate

Description : The Keynesian consumption function shows a relation between - (1) aggregate consumption and total population. (2) aggregate consumption and general price level. (3) aggregate consumption and aggregate income (4) aggregate consumption and interest rate

Last Answer : (3) aggregate consumption and aggregate income Explanation: According to Keynesian Theory of consumption, the current real disposable income is the most important determinant of consumption in the short run. It bases consumption on current income.

The main emphasis of Keynesian economics is on - (1) Expenditure (2) Exchange (3) Foreign trade (4) Taxation

Description : The main emphasis of Keynesian economics is on - (1) Expenditure (2) Exchange (3) Foreign trade (4) Taxation

Last Answer : (1) Expenditure Explanation: Keynesian Economics is an economic theory of total spending in the economy and its effects on output and inflation. It emphasizes that government expenditures (or tax cuts) leads to increase in GDP which is a multiple of the original expenditure.

Friedrich Hayek was a proponent of : a) Keynesian economics b) Communism c) Classical Liberalism d) Socialism

Description : Friedrich Hayek was a proponent of : a) Keynesian economics b) Communism c) Classical Liberalism d) Socialism

Last Answer : : c) Classical Liberalism

Which of the following are not characteristics of Keynesian consumption function? (a) The main influence on consumption in the short run is current disposable income (b) The marginal propensity to consume is less than one © The average propensity to consume decreases as income increases (d) The average propensity to consume increases as income increases

Description : Which of the following are not characteristics of Keynesian consumption function? (a) The main influence on consumption in the short run is current disposable income (b) The marginal ... consume decreases as income increases (d) The average propensity to consume increases as income increases

Last Answer : d) The average propensity to consume increases as income increases

If the Keynesian consumption function is, C=10+.8Y, if income is Rs 1000/- what is total consumption. (a) Rs .8/- (b) Rs 800/- © Rs 810/- (d) Rs .81/

Description : If the Keynesian consumption function is, C=10+.8Y, if income is Rs 1000/- what is total consumption. (a) Rs .8/- (b) Rs 800/- © Rs 810/- (d) Rs .81/

Last Answer : © Rs 810/-

Keynesian analysis is (a) A short run analysis. (b) Long run analysis. © Both short and long run analysis. (d) Neither short nor long run analysis.

Description : Keynesian analysis is (a) A short run analysis. (b) Long run analysis. © Both short and long run analysis. (d) Neither short nor long run analysis.

Last Answer : (a) A short run analysis.

n simple Keynesian model, stability of equilibrium exists, if (a) APC is less than one. (b) APS is less than one. © MPC is less than one. (d) None of the above.

Description : n simple Keynesian model, stability of equilibrium exists, if (a) APC is less than one. (b) APS is less than one. © MPC is less than one. (d) None of the above.

Last Answer : (a) APC is less than one.

Which of the following statement is incorrect,- In simple Keynesian model,- (a) MPC+MPS=1 (b) APC+ APS=1 © Both (a) and (b) (d) Neither (a) nor (b).

Description : Which of the following statement is incorrect,- In simple Keynesian model,- (a) MPC+MPS=1 (b) APC+ APS=1 © Both (a) and (b) (d) Neither (a) nor (b).

Last Answer : (d) Neither (a) nor (b).

n the simple Keynesian model investment is (a) Fixed. (b) A function of level of income. © Either fixed or a function of level of income. (d) None of the above.

Description : n the simple Keynesian model investment is (a) Fixed. (b) A function of level of income. © Either fixed or a function of level of income. (d) None of the above.

Last Answer : © Either fixed or a function of level of income.

n the simple Keynesian model consumption is a function of, (a) Rate of interest. (b) Level of income. © Price level. (d) None of the above.

Description : n the simple Keynesian model consumption is a function of, (a) Rate of interest. (b) Level of income. © Price level. (d) None of the above.

Last Answer : (b) Level of income.

The main emphasis of Keynesian economics is on (1) Expenditure (2) Exchange (3) Foreign trade (4) Taxation

Description : The main emphasis of Keynesian economics is on (1) Expenditure (2) Exchange (3) Foreign trade (4) Taxation

Last Answer : Expenditure

The Keynesian consumption function shows a relation between (1) aggregate consumption and total population. (2) aggregate consumption and general price level. (3) aggregate consumption and aggregate income (4) aggregate consumption and interest rate

Description : The Keynesian consumption function shows a relation between (1) aggregate consumption and total population. (2) aggregate consumption and general price level. (3) aggregate consumption and aggregate income (4) aggregate consumption and interest rate 

Last Answer : aggregate consumption and aggregate income

Where did the economic theory of "zero sum game" come from?

Description : Where did the economic theory of "zero sum game" come from?

Last Answer : answer:Game Theory has been around for centuries, but is used more in Neoclassical Economics than in Classical Economics. Since most schools teach Classical instead of Neoclassical, I am not ... first published in 1944 but is likely more accurate and relevant than most other economic texts.

Good source for economic theory?

Description : Good source for economic theory?

Last Answer : have you read the books on the fair tax pretty good theory

An economic theory is a/an - (1) Axion (2) Proposition (3) Hypothesis (4) Tested hypothesis

Description : An economic theory is a/an - (1) Axion (2) Proposition (3) Hypothesis (4) Tested hypothesis

Last Answer : (2) Proposition Explanation: A theory is an established explanation that accounts for known facts or phenomenon. Specifically, economic theories ate statements or propositions about patterns of economic ... the complexities of economic behavior (Exploring Economics by Robert L. Sexton, p 9).

Multiplier process in economic theory is conventionally taken to mean: (1) the manner in which prices increase (2) the manner in which banks create credit (3) income of an economy grows on account of an initial investment (4) the manner in which government expenditure increases

Description : Multiplier process in economic theory is conventionally taken to mean: (1) the manner in which prices increase (2) the manner in which banks create credit (3) income of an economy grows on account of an initial investment (4) the manner in which government expenditure increases

Last Answer : (3) income of an economy grows on account of an initial investment Explanation: In economics, a multiplier is a factor of proportionality that measures how much an endogenous variable changes in response to a change in ... of the U.S. money supply, and MO as a measure of the U.S. monetary base.

An economic theory is a/an (1) Axion (2) Proposition (3) Hypothesis (4) Tested hypothesis

Description : An economic theory is a/an (1) Axion (2) Proposition (3) Hypothesis (4) Tested hypothesis

Last Answer : Proposition

Multiplier process in economic theory is conventionally taken to mean : (1) the manner in which prices increase (2) the manner in which banks create credit (3) income of an economy grows on account of an initial investment (4) the manner in which government expenditure increases

Description : Multiplier process in economic theory is conventionally taken to mean : (1) the manner in which prices increase (2) the manner in which banks create credit (3) income of an economy grows on account of an initial investment (4) the manner in which government expenditure increases

Last Answer : income of an economy grows on account of an initial investment 

In contrast with classical economics, Keynesian economics _____.?

Description : In contrast with classical economics, Keynesian economics _____.?

Last Answer : takes a broader view of the economy

Keynesian economics failed to deal successfully with _____.?

Description : Keynesian economics failed to deal successfully with _____.?

Last Answer : high inflation during the 1970s

The Keynesian productivity deal……… (a) called for the active intervention of the state to stimulate growth in productivity and output (b) linked increases in wages to increases in productivity so that wages and profits could both rise (c) linked increases in wages to increases in productivity so that wages and profits could both rise (d) all of the above

Description : The Keynesian productivity deal (a) called for the active intervention of the state to stimulate growth in productivity and output (b) linked increases in wages to increases in productivity so that ... to increases in productivity so that wages and profits could both rise (d) all of the above

Last Answer : (d) all of the above 

On the basis of the Keynesian model of output determination, a multiplier of 3 implies that (a) An increase in consumption by `3 will result in an increase in investment by Re. 1 (b) An increase in investment by Re. 1 will result in an increase in consumption by `3 (c) An increase in investment by Re. 1 will result in an increase in consumption by `2 (d) An increase in investment by Re. 1 will result in an increase in consumption by Re. 1

Description : On the basis of the Keynesian model of output determination, a multiplier of 3 implies that (a) An increase in consumption by `3 will result in an increase in investment by Re. 1 (b) An increase in ... 2 (d) An increase in investment by Re. 1 will result in an increase in consumption by Re. 1

Last Answer : (c) An increase in investment by Re. 1 will result in an increase in consumption by `2 

Game theory became popular when the book “Theory of Games and Economic Behaviour” was published in 1944 by .............................. a. Von Neumann b. Mc Closky c. Von-Neumann and Mc Closky d. Von-neumann and Morgenstern

Description : Game theory became popular when the book “Theory of Games and Economic Behaviour” was published in 1944 by .............................. a. Von Neumann b. Mc Closky c. Von-Neumann and Mc Closky d. Von-neumann and Morgenstern

Last Answer : d. Von-neumann and Morgenstern

What is your best non-fiction book recommendation?

Description : What is your best non-fiction book recommendation?

Last Answer : answer:Marx-The Communist Manifesto Even if you're not a communist, it's still an important book because it shows the inner-workings of capitalism. Not to mention that Marx had an influence on ... for. Eliade-The Sacred and The Profane This book really gave me a deeper understanding of religion.

How do you pick the next book to read? For example, do you go by buzz, reviews, recommendation, author, title, cover...?

Description : How do you pick the next book to read? For example, do you go by buzz, reviews, recommendation, author, title, cover...?

Last Answer : I work at an independent book store in the summer, so I go by what my coworkers recommend. I also (as part of my job) have to read up on new books, so that helps me get an idea of whether or not I ... browsing, I read the first sentence or three of the book. If it doesn't grab me, I don't get it.

Book recommendation for college grad gift?

Description : Book recommendation for college grad gift?

Last Answer : The general book of ignorance ~ everything you think you know is wrong.

New agey book recommendation for a book about communication in the business/professional realm?

Description : New agey book recommendation for a book about communication in the business/professional realm?

Last Answer : Perhaps something by Tom Peters ? It’s big on the inspirational, feel-good factor for success.

What are the roots of Venezuela's economic issues?

Description : What are the roots of Venezuela's economic issues?

Last Answer : At least two major causes, one of which you mentioned above. 1) maduro's predecessor, Hugo Chavez, made the government and society into a socialist state. As any student of history knows, ... turned the country into a dictatorship, taking over the parliament and trying to take over the courts.

Did the US enjoy a much sounder economic foundation in the late 1960's/early 1970's than we presently have? Why or why not?

Description : Did the US enjoy a much sounder economic foundation in the late 1960's/early 1970's than we presently have? Why or why not?

Last Answer : answer:The economic foundation circa 1970 was pretty shaky. In 1971, Nixon severed the relationship between the dollar and gold, which had severely restricted the ability of the economy ... variety of financial instruments which reduce risk and make economists better able to anticipate disruptions.

Have you heard the latest economic sensation?

Description : Have you heard the latest economic sensation?

Last Answer : I heard it. Most of us here already knew that, right?

Can supply-side economics resolve a demand-side economic problem?

Description : Can supply-side economics resolve a demand-side economic problem?

Last Answer : answer:@ETpro, in researching your links (and doing a little more research on my own), I found it interesting that both demand-side and supply-side supporters reach as far back as James Hamilton (first US ... short, you have the Great Society of LBJ. Too bad that was derailed by the war in Vietnam

Where is a good place to look for economic information?

Description : Where is a good place to look for economic information?

Last Answer : answer:Check out the Consumer Price Index monthly release. The CPI is put out by the Bureau of Labor Statistics. It shows how much prices have changed each month by category of spending. The Current ... projections for the quarter for selected firms, but I don't know how they selected the firms.

Economic-minded Jellies, the Euro goes down in flames, so what, what will it hurt, or not?

Description : Economic-minded Jellies, the Euro goes down in flames, so what, what will it hurt, or not?

Last Answer : answer:If the Euro falls apart, it will affect the banks that hold European debt. That debt is held as an asset on the banks books and has to b written off, then those banks either fail or cannot ... the Eurozone because of no ability to pay for it. That would all be a major hit to all economies.

Does anyone think this chart by xkcd should be in schools to help students understand money, taxes, expenses, income and other economic issues?

Description : Does anyone think this chart by xkcd should be in schools to help students understand money, taxes, expenses, income and other economic issues?

Last Answer : answer:Could you post a link to the chart? I think such a chart could be an excellent teaching tool. OTOH, such a chart has quite a potential to be abused as a political tool to skew the ... impartial teaching tool or a way to push the whole evil capitalist world view without actually seeing it.

Would it be possible to have a viable economic model that was not contigent on consumer spending? What would it look like?

Description : Would it be possible to have a viable economic model that was not contigent on consumer spending? What would it look like?

Last Answer : We had one before WWll. Watch thestoryofstuff.com.

Is it possible to have freedom of speech or press without economic freedom?

Description : Is it possible to have freedom of speech or press without economic freedom?

Last Answer : Yes, that is what there is in some European countries.

What is the economic goal of the Humane Society?

Description : What is the economic goal of the Humane Society?

Last Answer : you can talk about how the humane society mitigates “the tragedy of the commons”, externalities, etc

Can someone explain this economic paradox?

Description : Can someone explain this economic paradox?

Last Answer : I suspect that they’re loss leader products.

Can there be a situation where over-regulation of a free capitalist economy lead to economic socialism?

Description : Can there be a situation where over-regulation of a free capitalist economy lead to economic socialism?

Last Answer : answer:I think that the amount of regulation necessary would be unlikely. Also, it would have to actively take wealth and redistribute it, which goes beyond any contemplated regulation.

What economic status would make you happier?

Description : What economic status would make you happier?

Last Answer : I’d just like to be able to pay my bills and no longer qualify for food stamps. I’d much rather contribute to the system than be drawing from it. Though, I don’t feel guilty, as my husband and I have over 30 years combined input, and two of drawing.

Who do you blame for the economic crisis?

Description : Who do you blame for the economic crisis?

Last Answer : world leaders and greed

Under what economic system is a country's armed forces stronger? :Capitalism or Socialism?

Description : Under what economic system is a country's armed forces stronger? :Capitalism or Socialism?

Last Answer : The Soviet Union mustered an undefeatable army during the Second World War, and so did the Capitalist Allies.

How can/will the free market help our economic situation?

Description : How can/will the free market help our economic situation?

Last Answer : If we would leave it alone, it would cure itself. Unfortunately, our myopic government is using this as an opportunity to convert us to a Marxist system of highly controlled socialism.

Will the economic downturn slow the rate of global warming?

Description : Will the economic downturn slow the rate of global warming?

Last Answer : That seems like a really big question. The kind that studies answer. :-/ Maybe? I don’t think that a blip in the economy has that great of an effect long term though.

What is the legal/economic term for the ratio between a company's capital and its debts?

Description : What is the legal/economic term for the ratio between a company's capital and its debts?

Last Answer : I think it's just called "debt-to-capital ratio" http://www.investopedia.com/terms/d/debt-to-capitalratio.asp

A mixed economy refers to an economic system where - (1) The economy functions with foreign collaboration (2) Only t he private sector operates under government control (3) Both the government and the private sectors operate sectors operate simultaneously (4) No foreign investment is allowed

Description : A mixed economy refers to an economic system where - (1) The economy functions with foreign collaboration (2) Only t he private sector operates under government control (3) Both the government and the private sectors operate sectors operate simultaneously (4) No foreign investment is allowed

Last Answer : (3) Both the government and the private sectors operate sectors operate simultaneously Explanation: Mixed economy is an economic system in which both the state and private sector direct the ... and that the government wields indirect influence over the economy through fiscal arid monetary policies.

Sectoral distribution of GDP index measures ______. (1) Agriculture development of a country (2) Economic development of a country (3) Social development of a country (4) Socio-Economic development of a Country

Description : Sectoral distribution of GDP index measures ______. (1) Agriculture development of a country (2) Economic development of a country (3) Social development of a country (4) Socio-Economic development of a Country

Last Answer : (2) Economic development of a country Explanation: The sectoral distribution of GDP index measures the development of a country across several economic activities. It the market value of all final goods and services produced in a period (quarterly or yearly).