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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... economists and ( Catholic ) social economists that grew up in the 1970s have been documented by Lee ( 2000a ) , who notes how important Post Keynesian articles began to appear in the institutionalist Journal of Economic Issues ( founded ...
... economists have proved every bit as fractious as the Post Keynesians ( Vihanto , 1999 ) ; and , as we shall see later in this chapter , it is both possible and ( arguably ) very important to identify important differences between rival ...
... economists , and very little Post Keynesian theory was being taught to students . The consequences were obvi- ous : Once the initial conditions which gave rise to a new paradigm have passed , its academic success depends almost ...
Contents
Introduction | 1 |
First reactions to The General Theory | 12 |
An economist from Poland | 35 |
Copyright | |
13 other sections not shown