Henry A. Abbati: Keynes' Forgotten Precursor

Selected Writings

Business & Finance, Economics, Macroeconomics, Theory of Economics
Cover of the book Henry A. Abbati: Keynes' Forgotten Precursor by , Taylor and Francis
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: ISBN: 9781136845819
Publisher: Taylor and Francis Publication: December 15, 2010
Imprint: Routledge Language: English
Author:
ISBN: 9781136845819
Publisher: Taylor and Francis
Publication: December 15, 2010
Imprint: Routledge
Language: English

Henry A. Abbati was not an economist by profession. After retiring from business, in 1924 he published his first book, The Unclaimed Wealth: How Money Stops Production in which he expounded his theory of ‘effective demand’ (terminology of his own) and its differences with respect to current theories on economic fluctuations. He was advocating public intervention in the economy in the crisis. His second book, The Final Buyer marshalled his criticisms of current theories and further clarified salient aspects of his theory, such as ‘saving’ and its various definitions, the working of the banking system, the interest rate and the role of public works as a means of reducing unemployment. Later work in the 30s and 40s looked at full employment, reflections on the economic crisis and further analysis of the concept of unclaimed wealth.

In many ways Abbati’s work in the twenties was an important precursor to Keynes’ Treatise on Money, though despite being admired by Robertson and indeed Keynes, his work is today largely unknown and entirely ignored by the numerous authors who have examined the debate of the twenties and thirties on the crises and business cycles and by academic opinion in general. In this book, Di Gaspare restores Abbati’s position as a pioneer in macroeconomic theory with a selection of his writings and a far reaching introduction to his contribution to the history of economic thought.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Henry A. Abbati was not an economist by profession. After retiring from business, in 1924 he published his first book, The Unclaimed Wealth: How Money Stops Production in which he expounded his theory of ‘effective demand’ (terminology of his own) and its differences with respect to current theories on economic fluctuations. He was advocating public intervention in the economy in the crisis. His second book, The Final Buyer marshalled his criticisms of current theories and further clarified salient aspects of his theory, such as ‘saving’ and its various definitions, the working of the banking system, the interest rate and the role of public works as a means of reducing unemployment. Later work in the 30s and 40s looked at full employment, reflections on the economic crisis and further analysis of the concept of unclaimed wealth.

In many ways Abbati’s work in the twenties was an important precursor to Keynes’ Treatise on Money, though despite being admired by Robertson and indeed Keynes, his work is today largely unknown and entirely ignored by the numerous authors who have examined the debate of the twenties and thirties on the crises and business cycles and by academic opinion in general. In this book, Di Gaspare restores Abbati’s position as a pioneer in macroeconomic theory with a selection of his writings and a far reaching introduction to his contribution to the history of economic thought.

More books from Taylor and Francis

Cover of the book Nevertheless, They Persisted by
Cover of the book Food Aid After Fifty Years by
Cover of the book American Cities and Technology by
Cover of the book Ways of Sensing by
Cover of the book Imagining the Public in Modern South Asia by
Cover of the book African American English and the Achievement Gap by
Cover of the book A Jewish Archive from Old Cairo by
Cover of the book Man Mental Health Care by
Cover of the book Global Explorers by
Cover of the book Creating the High Schools of Our Choice by
Cover of the book Routledge Handbook of Democratization in East Asia by
Cover of the book Digital Archetypes by
Cover of the book Woody's Road by
Cover of the book Science and Technology Advice for Congress by
Cover of the book Insights Into Teachers' Thinking And Practice by
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy