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A Critique of Keynesian Economics
1993Notes on the Contributors - Introductory Essay W.Allan - John Maynard Keynes D.Patinkin - The Keynesian Heritage in Economics L.B.Yeager - Keynes's Intellectual Legacy K.Brunner - Keynes and the Classics A.Leijonhufvud - Keynes V. the Keynesians T.W.Hutchison - Expectations and the Economy P.Minford - The Fallacy of the Mixed Economy S.Littlechild ...
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The dangers of Keynesian economics
2016In sharp contrast to the private sector, where firms will go out of business if revenues do not cover costs, most government spending is not value-adding. That is not of itself an argument against public spending,but it is an argument against thinking that when governments spend they are necessarily helping the economy grow.
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Credit and Money: The Dynamic Circuit, Overdraft Economics, and Post-Keynesian Economics
Post-Keynesian Monetary Theory, 2020M. Lavoie
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The fall and rise of Keynesian economics
Economic Record, 1988Keynesian economics came under much criticism in the 1970s This paper argues that the decline in Keynesian economics and the rise in, notably, new classical economics in this period related to their respective theoretical appeal rather than their ability to explain developments in the macroeconomy.
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Economic Inquiry, 1975
The General Theory maintains that capitalist economies under then orthodox regimes of economic policy would tend to experience stagnation and large-scale unemployment. Laisser faire economies could not sustain high enough rates of steady growth to absorb growing working populations at rising real incomes.
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The General Theory maintains that capitalist economies under then orthodox regimes of economic policy would tend to experience stagnation and large-scale unemployment. Laisser faire economies could not sustain high enough rates of steady growth to absorb growing working populations at rising real incomes.
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The Keynesian Heritage in Economics
1986What difference has the General Theory made? How do economics and economic policy differ from what they would have been if Keynes had never lived?
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2013
Part 1: Monetary Theory and Policy1. The Theory of a Monetary EconomyDudley Dillard2. Some Neglected Implications of Secular InflationMartin Bronfenbrenner3. Monetary Stabilization Policies and Keynesian TheoryMabel F. Timlin4. Stability Through InflationWilliam S. Vickery5.
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Part 1: Monetary Theory and Policy1. The Theory of a Monetary EconomyDudley Dillard2. Some Neglected Implications of Secular InflationMartin Bronfenbrenner3. Monetary Stabilization Policies and Keynesian TheoryMabel F. Timlin4. Stability Through InflationWilliam S. Vickery5.
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2017
Post-Keynesian Economics (PKE) has developed a distinct growth theory and distinguishes between wage-led and profit-led demand regimes. It argues that: financial markets are prone to instability and will, if left on their own, lead to boom-bust cycles; money is created by banks as a side effect of their lending decisions; involuntary unemployment is a ...
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Post-Keynesian Economics (PKE) has developed a distinct growth theory and distinguishes between wage-led and profit-led demand regimes. It argues that: financial markets are prone to instability and will, if left on their own, lead to boom-bust cycles; money is created by banks as a side effect of their lending decisions; involuntary unemployment is a ...
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Towards a Spatial Keynesian Economics
2007What would a Post Keynesian economist see as being the appropriate macroeconomic policy goals of the state? If we polled macroeconomists of all ideological persuasions, and asked them to outline the major macroeconomic policy objectives then the following consensus would probably emerge: (a) full employment; (b) price stability; (c) a robustly ...
Mitchell, William, Juniper, James
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Marxism and Post-Keynesian Economics
History of Economics Review, 1992The thesis presented here runs as follows: Post-Keynesian economics has contributed to identify within the framework of the theory of effective demand, the conditions of sectoral disproportionalities on which a significant part of Marxian theories of accumulation and crisis are based.
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