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Teaching Post Keynesian exchange rate theory [PDF]

open access: yesJournal of Post Keynesian Economics, 2007
The goal of this paper is to provide a model and method for those wishing to include the Post Keynesian perspective when teaching exchange rate theory. It begins by reviewing neoclassical approaches (purchasing power parity, the monetary model, and the Dornbusch model) and then develops a graphical Post Keynesian model that is based on Keynes's Z-D ...
John Harvey
openaire   +2 more sources

Frederic Lee and Post-Keynesian Pricing Theory

Review of Political Economy, 2016
Frederic Lee has been a major contributor to post-Keynesian economics, mainly to its theory of pricing. This article summarizes his objections to the neoclassical view of the firm and pricing, as well as his view that changes in quantities, rather than in prices, provide the important information to firms.
Marc Lavoie
exaly   +4 more sources

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