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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... argued , it was necessary to increase investment expenditure , as outlined in Chapters 2-5 ; or to induce greater consumption expenditure ( Chapter 6 ) ; or perhaps to reduce unit costs of production without simultaneously reducing ...
... argued for a tax - based incomes policy ( or TIP ) , fighting inflation by means of market incentives in the form of a tax on excessive wage increases rather than the more fashionable resort to direct wage controls ( Wallich and ...
... argued that a clear distinction must be made between initial and final finance , and denied that saving was ever a source of finance . Banks and non - bank firms constituted two separate sectors . Money was a debt of the firms to the ...
Contents
Introduction | 1 |
First reactions to The General Theory | 12 |
An economist from Poland | 35 |
Copyright | |
13 other sections not shown