Post-Keynesian Economic Theory

✍ Scribed by Sheila C. Dow (auth.), Paul Wells (eds.)

• Publisher: Springer US
• Year: 1995
• Tongue: English
• Leaves: 119
• Series: Recent Economic Thought Series 45
• Edition: 1
• Category: Library

✦ Synopsis

Post-Keynesian Economic Theory explores and develops several areas of post- Keynesian economics most in need of additional fundamental research, including: a monetary theory of production; post-Keynesian price theory; international economics; labor economics; financing aggregate demands; and the liquidity preference theory of interest. The book presents a constructive post-Keynesian critique of contemporary macroeconomic conceptualization and practice. It illustrates the illusory character of the search for unique, determinate results in the problems of macroeconomics and clearly demonstrates the complexity and resulting richness of meaningful economic theory.

✦ Table of Contents

Front Matter....Pages i-xv
Liquidity Preference in International Finance: The Case of Developing Countries....Pages 1-15
Post-Keynesian Developments of Liquidity Preference Theory....Pages 17-33
Firm-Determined Prices: The Post-Keynesian Conception....Pages 35-48
The Monetary and the Real: Sectoral Interdependence and Market Outcomes....Pages 49-72
Mr. Keynes, the New Keynesians, and the Concept of Full Employment....Pages 73-93
Causes for Persistent Unemployment and Fluctuations in Monetary Economies....Pages 95-106
Back Matter....Pages 107-109

✦ Subjects

Methodology and the History of Economic Thought; Economic Theory; Macroeconomics/Monetary Economics; Political Science, general