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Post-Keynesianism: A New Approach to Economics
Review of Social Economy, 1990 This paper is an attempt to isolate and analyze the major characteristics of post-Keynesian economics and to draw the policy implications that follow from it. In doing so I hope to show that post-Keynesian economics does in fact constitute a new approach to our understanding of economic phenomena.
Philip Arestis
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Southern Economic Journal, 1996
Preface 1. From Keynesian to New Keynesian economics. 2. Keynesian microfoundations in historical perspectives. Part I Real Rigidities 3. The labour market and real wage rigiditry. 4. Credit rationing and imperfect capital markets. 5. Real rigidities in the goods market. Part II Nominal Rigidities Introduction 6. Rational models of irrational behaviour.
Werner Sesselmeier +3 more
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Preface 1. From Keynesian to New Keynesian economics. 2. Keynesian microfoundations in historical perspectives. Part I Real Rigidities 3. The labour market and real wage rigiditry. 4. Credit rationing and imperfect capital markets. 5. Real rigidities in the goods market. Part II Nominal Rigidities Introduction 6. Rational models of irrational behaviour.
Werner Sesselmeier +3 more
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1994
The Elgar Companion to Austrian Economics is a major new reference work which highlights the common ground between all the branches of the school while demonstrating the breadth and diversity within it. The Companion reflects the many areas where Austrian economists have made contributions, including technical economics, methodology of the social ...
BENASSI C. +2 more
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The Elgar Companion to Austrian Economics is a major new reference work which highlights the common ground between all the branches of the school while demonstrating the breadth and diversity within it. The Companion reflects the many areas where Austrian economists have made contributions, including technical economics, methodology of the social ...
BENASSI C. +2 more
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New Institutional and New Keynesian Economics
1998Since the beginning of the seventies (e.g. Akerlof 1970, Williamson 1971), economic theory has been passing through a phase of deep evolution, characterised inter alia by an emphasis on market failures and by a search for sounder microfoundations for macroeconomics.
CURRIE M., MESSORI, MARCELLO
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2022
International audience; The book is a considerably extended and fully revamped edition of the highly successful and frequently cited Foundations of Post-Keynesian Economic Analysis, published in 1992. It provides an exhaustive account of post-Keynesian economics and of the developments that have occurred in post-Keynesian theory and in the world ...
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International audience; The book is a considerably extended and fully revamped edition of the highly successful and frequently cited Foundations of Post-Keynesian Economic Analysis, published in 1992. It provides an exhaustive account of post-Keynesian economics and of the developments that have occurred in post-Keynesian theory and in the world ...
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Keynesian Economic Policies for the New Millennium
The Economic Journal, 1998In this paper, we outline an approach to economic policy in which there is an emphasis on the need for both demand-side and supply-side policies to secure full employment. Our approach can be considered Keynesian in the sense that its policy implications arise from the perception of the role of aggregate demand in setting the level of economic activity
Malcolm Sawyer, Philip Arestis
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New Keynesian Economics and the Phillips Curve
Journal of Money, Credit and Banking, 1995Models with sticky prices are an important part of New Keynesian economics. The author shows that several of the New Keynesian models imply a formulation that is similar to the expectations-augmented Phillips curve of Milton Friedman and Edmund Phelps. He then presents new estimates of the New Keynesian Phillips curve.
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The Return of (New) Keynesian Economics
2009The period from the mid-1960s to the mid-1980s is characterised by a slowdown in the level of economic activity; however, government’s stabilisation and welfare functions restrained the outbreak of a major depression and converted it to a long-lasting stagflation.
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A New Economic Reality: Penal Keynesianism
Challenge, 2000American criminal justice system today focuses to an unprecedented degree on incarceration as a means to punish transgressors. As we will see, this practice deviates substantially from practices of other Western nations, and, indeed, from Western justice tradition.
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New Keynesian Economics / Post Keynesian Alternatives
2013The New Keynesian Economics has been the most significant development in economics in recent years. Does it actually build upon Keynes' work? In this volume, leading post Keynesian economists challenge New Keynesianism both on the grounds that it is not Keynesian, and does not provide an adequate account of our current economic problems.
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