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Books > Business & Economics > Economics > Economic theory & philosophy
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Post-Keynesian Economics - New Foundations (Paperback)
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Post-Keynesian Economics - New Foundations (Paperback)
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Mainstream economic theory has been increasingly questioned
following the recent global financial crisis. Marc Lavoie shows how
post-Keynesian theory can function as a coherent substitute by
focusing on realistic assumptions and integrating the financial and
real sides of the economy. This book outlines alternative
microeconomic foundations based on a world of fundamental
uncertainty, with an emphasis on various paradoxes that arise in a
truly macroeconomic analysis. The book is a considerably extended
and fully revamped edition of the highly successful and frequently
cited Foundations of Post-Keynesian Economic Analysis. It provides
an exhaustive account of post-Keynesian economics and of the
developments that have occurred in post-Keynesian theory and in the
world economy over the last twenty years. Topics covered include
open-economy issues, the methodological foundations of heterodox
economics, consumer theory, firms and pricing, money and credit,
effective demand and employment, inflation theory, and growth
theories. Students and scholars of economics, particularly
post-Keynesian and heterodox economics, will find this
comprehensive look at the field a necessary addition to their
libraries. Contents: Preface 1. Essentials of Heterodox and
Post-Keynesian Economics 2. Theory of Choice 3. Theory of the Firm
4. Credit, Money and Central Banks 5. Effective Demand and
Employment 6. Accumulation and Capacity 7. Open-Economy
Macroeconomics 8. Inflation Theory 9. Concluding Remarks Index
General
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