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. |
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... IS - LM model of national income and the rate of interest , a labour market analysis of employment and wages , a theory of economic growth and a Phillips Curve analysis of wage and price inflation . The IS - LM model came first , in the ...
... is a major figure in the history of Post Keynesian economics . In addition ... LM model of his very own , four years before the publication of the General ... IS - LM model ( Kalecki , 1934 ; cf. Chapple , 1995 ) . By 1933 , however ...
John Edward King. Hicks concluded that IS - LM was little more than ' a classroom gadget ' , and was useless for policy purposes . Some of his critics felt that even this did not go far enough ( Shackle , 1982 ) . It did , however ...
Contents
Introduction | 1 |
First reactions to The General Theory | 12 |
An economist from Poland | 35 |
Copyright | |
13 other sections not shown