The revival of interest in Keynesian economics since the late 1980s reinstates the importance of Keynes's contribution to economic theory and policy. This is the second of two volumes in which authoritative contributions are presented by an outstanding group of international experts to celebrate Keynesian economics, and to review and further the developments of post Keynesian economics of recent years.
This volume is divided into three sections, the first of which examines general issues including investment, microfoundations, labour economics and monetary theory. In the second part the discussion is extended to uncertainty and addresses the associated issues of rationality, trust, and speculation. The third and final section focuses on international economics and considers the theory of comparative advantage, the fight against speculation in foreign exchange markets, Tobin's transactions tax and the Maastricht Treaty.
This book will be welcomed by post Keynesian economists, microeconomists and those interested in international economics.