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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... effective demand . Workers who fear for their jobs are less likely to demand wage increases . And there are two further reasons : Second , the existence of unemployment weakens the position of the Trade Unions by reducing their ...
... demand , though it may prove to be a temporary centre of gravitation , is ultimately a position from which competitive forces will cause the economy to move away . ( Eatwell , 1983 , p . 272 ) Thus the theory of effective demand needed ...
... effective demand , and could be analysed using the Keynesian consumption function and the multiplier without any role for expectations , uncertainty or money ( ibid . , pp . 69-75 ) . This route to effective demand had not been open to ...
Contents
Introduction | 1 |
First reactions to The General Theory | 12 |
An economist from Poland | 35 |
Copyright | |
13 other sections not shown