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 The Making of the European Spatial Development Perspective by
Cover of the book Urban Complexity and Planning by
Cover of the book The Essence of Play by
Cover of the book Geometric Greece by
Cover of the book Time, Globalization and Human Experience by
Cover of the book Financial Management by
Cover of the book Gender Tales by
Cover of the book Shakespeare's Tragic Sequence by
Cover of the book Early Modern Women and Transnational Communities of Letters by
Cover of the book The Global Academic Rankings Game by
Cover of the book Managing People and Teams in the Early Years Sector by
Cover of the book Transgender Architectonics by
Cover of the book Structure in Thought and Feeling (PLE: Emotion) by
Cover of the book Routledge Philosophy GuideBook to Plato and the Trial of Socrates by
Cover of the book BIG little house 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