Students in economics are ever more distressed by the disconnect
between mainstream economics and the real world. This book shows
how post-Keynesian economics constitutes a coherent heterodox
alternative, based on realistic assumptions and the integration of
the financial and real sides of the economy, with an emphasis on
the many paradoxes that arise in a truly macroeconomic analysis.
The book is a considerably revised and updated version of the
widely used and frequently cited 2014 edition. It provides a
comprehensive account of post-Keynesian theory and policy. Topics
covered include its methodological foundations, consumer theory and
choice under fundamental uncertainty, firms and pricing, money and
credit, effective demand and employment, growth theory,
open-economy issues, inflation theory. It also links with
ecological economics. Scholars of economics, particularly
post-Keynesian and heterodox economists, will find this
comprehensive look at the field a necessary addition to their
libraries, while students and instructors will find it a perfect
text for any class on post-Keynesian economics.
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