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Post-Keynesian Theory: An Overview
The Journal of Economic Education, 1983Kregel provides the reader with an understanding of the evolution and current position of post-Keynesian economics. As in the past, its practitioners seek to explain the level of output and employment and its growth and distribution, recognizing “that money enters into the economic scheme in an essential and peculiar manner.”
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Post-Keynesian Theory Revisited
2020With its emphasis on the centrality of fundamental uncertainty and the resulting desire for liquid assets, post-Keynesian economics offers important insights into understanding how modern economies work, placing money and banking at their heart, exactly as any realistic account would do.<br><br>In this advanced introduction, Matteo ...
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Post-Keynesian Monetary Theory
1999Official postwar Keynesianism largely ignored Keynes’ original emphasis on uncertainty, the capitalist entrepreneur’s ‘animal spirits’ and the psychological elements of money holding. In Britain, where the radical milieu in which Keynes had moved remained much in evidence, it became common practice to differentiate between the economics of Keynes and ...
Makoto Itoh, Costas Lapavitsas
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1999
Frederic Lee sets out the foundations of a post-Keynesian price theory through developing an empirically grounded production schema. The administered, normal cost and mark-up price doctrines are explained in parts I-III of the book, as many of their theoretical arguments are important for developing the foundations. This involves discussing the work of
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Frederic Lee sets out the foundations of a post-Keynesian price theory through developing an empirically grounded production schema. The administered, normal cost and mark-up price doctrines are explained in parts I-III of the book, as many of their theoretical arguments are important for developing the foundations. This involves discussing the work of
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Post-Keynesian Theory: Macrodynamics
Challenge, 1978The terms macrodynamics and macrodynamic theory are used by economists today to designate the area of economics that deals with the development of capitalist economies over time. The aim is to describe and explain both business cycles and economic growth patterns in developed market economies. In their early stages, macrodynamic theories were developed
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Teaching Post Keynesian exchange rate theory [PDF]
Journal 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 ...
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Post-Keynesian Economic Theory
1995Preface W.J. Samuels. 1. Liquidity preference in international finance: the case of developing countries S.C. Dow. 2. Post Keynesian developments of liquidity preference theory F.J. Cardim de Carvalho. 3. Firm-determined prices: The post Keynesian conception N. Shapiro, T. Mott. 4. The monetary and the real: Sectoral interdependence and market outcomes
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Post-Keynesian Theory: An Introduction
Challenge, 1978Ever since the marginalist revolution of the late nineteenth century, economic theory has become increasingly more elegant as a set of axiomatic statements about resource allocation under competitive market conditions. The precision with which assumptions are stated, the subtlety with which the logic is then pursued, and the rigor with which a proof is
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A Post Keynesian Theory of the State
2006From the end of World War II until the mid-1970s, Keynesian macroeconomics dominated the discipline of economics, and developed economies performed extremely well. On every important measure of economic performance — unemployment, inflation, productivity growth and rising living standards — the 1950s, the 1960s and the early 1970s were a Golden Age of ...
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Post-Keynesian Theories of Distribution
1988The factor incomes that appear in post-Keynesian theories of income distribution are profits (a category that includes interest and rent, as well as dividends and retained earnings) and wages (a category that includes salaries, except possibly the salaries of higher business executives that may be considered part of profits).
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