Keynes, Keynesians, and Monetarists

This book critiques traditional economic theories while proposing innovative policies to address inflation and income distribution. Keynes, Keynesians, and Monetarists is a significant contribution to economic discourse.

In Keynes, Keynesians, and Monetarists, distinguished economist Sidney Weintraub presents a critical examination of the pressing economic issues surrounding inflation and income distribution. He argues that traditional monetary and fiscal policies have proven inadequate in addressing the complexities of modern economic disorders. Drawing from his extensive body of shorter writings, Weintraub offers insights that challenge the prevailing economic theories, particularly those of the monetarist and Keynesian schools, which he believes have failed to adequately address problems such as unemployment and inflation.

Weintraub emphasizes the need for innovative policy solutions to tackle the evolving economic landscape. He introduces the concept of a tax-based incomes policy, developed in collaboration with Henry Wallich, as a potential remedy for inflation during periods of unemployment. This original article has sparked significant debate within both academic and public spheres, highlighting the relevance of his ideas in contemporary economic discussions. The book serves as a platform for Weintraub's vigorous critique of existing economic frameworks and his advocacy for a more nuanced understanding of economic challenges.

Keynes, Keynesians, and Monetarists is not just a collection of essays; it is a call to rethink economic policies in light of new realities. Weintraub's work stands as a testament to the importance of adapting economic theories to better serve society's needs, making it a valuable resource for economists, policymakers, and anyone interested in the dynamics of economic thought.