From Keynesianism to Monetarism (Routledge Revivals): The evolution of UK macroeconometric models [Paperback]

Originally published in 1994, this book, divided into three parts, examines macroeconomic models in a non-technical way. Part I discusses the importance of macroeconomic modelling; Part II examines the rise and fall of Keynesian income-expenditure models; and part III evaluates the evidence and presents a critique of how we can learn from these models now and in the future.Part I UK macroeconomic models  1. Why study macroeconomic models?  2. Macroeconomic models: a panoramic view of their history  Part II The rise and fall of the Keynesian income-expenditure model  3. Keynsian demand management: the emergence of the model as the formalisation of a view  4. Keynesian 'normal science': the elaboration of the income-expenditure model  5. Keynesian reform: Kaldor's radical critique and the exchange-rate  6. Keynesian crisis: new Cambridge and the attack on short-term demand management  7. Keynesian demise: the rise of monetarism  Part III Evaluation and critique  8. The turn to the long-run (1): how soon is the long-run  9. The turn to the long-run (2): policies for the long-run  10. Can we return to keynesianism?Originally published in 1994, this book, divided into three parts, examines macroeconomic models in a non-technical way. Part I discusses the importance of macroeconomic modelling; Part II examines the rise and fall of Keynesian income-expenditure models; and part III evaluates the evidence and presents a critique of how we can learn from these models now and in the future.Peter Kenway is lecturer in economics and econometrics at Reading University. He has extensive experience of designing and using computer models for policy analysis in public transport planning in Britain and the United States. He has written previously on Keynesian and Marxian economics and on social`