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Post-Keynesian Economics
The International Library of Critical Writings in Economics series
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Synopsis
This research review offers an examination and discussion of the seminal contributions by many prominent scholars in the heterodox tradition of post-Keynesian economic thought. The authors explore methodological issues - showing the contrast with orthodox thinking on fundamental grounds, concepts such as credit, money and production - which are crucial to understanding the working of our economic systems, as well as several interrelated macroeconomic issues including employment, distribution, growth, development, asset bubbles, and financial crises. The review provides a unique opportunity to appraise and appreciate the depth and variety of post-Keynesian economics at both theoretical and policy-oriented level. New & Used
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What Reviewers Are Saying
'With the neoclassical mainstream in disarray, this anthology on post-Keynesian economics is very timely, providing a great many building blocks to set up a coherent alternative. Articles on method are followed by contributions on fundamentals: credit, money, production, employment, and distribution. Fascinating themes are taken up: wage-led or profit-led economic growth, financialisation and asset bubbles, and international monetary architecture. The collection brings together the classical (Ricardian) tradition of political economy, revived by Sraffa, along with Keynes's theory of effective demand, complemented by endogenous money as Joan Robinson had suggested in the 1950s. To systematically realise this project amounts to working out a monetary theory of production as originally envisaged by Keynes in 1933.' -- Heinrich Bortis, University of Fribourg, Switzerland