A History of Post Keynesian Economics Since 1936This is a unique, comprehensive and international history of the post Keynesian approach to economics since 1936. The author locates the origins of post Keynesian economics in the conflicting initial interpretations of Keynes's General Theory and in the complementary work of Michal Kalecki. The book begins by focusing on Cambridge Growth, Distribution and Capital theory and early post Keynesian thought in the US. The failure of post Keynesian theory to supplant the neo-classical paradigm in the 1970s is also discussed, along with an overview of post Keynesian thinking in other countries. The book then deals with the search for coherence between various strands of post Keynesian thought and other schools of economic thought. The author concludes by assessing the progress made by post Keynesian economics since 1936 and considers several possible alternative futures for the post Keynesians. Historians of economic thought as well as post Keynesian and other heterodox economists will warmly welcome A History of Post Keynesian Economics. |
From inside the book
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... Keynesian to the end the most fundamentalist of all the ' Fundamentalist Keynesians ' , to introduce a term that I shall return to in Chapter 10. Even this description is a little misleading , for Shackle neither belonged to any school ...
... Fundamentalist Keynesians rely . As Joan Robinson put it , ' The post - Keynesians must make use of Sraffa to build up a type of long - period analysis which will prevent neoclassical equilibrium from oozing back into the General Theory ...
... Keynes and the Fundamentalist Keynesians for minimizing the significance of social power and instead exaggerating the importance of ideas . This left them ' in the awkward position of being unable to explain [ the adoption of monetarist ...
Contents
Introduction | 1 |
First reactions to The General Theory | 12 |
An economist from Poland | 35 |
Copyright | |
13 other sections not shown