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
Results 1-3 of 19
... mark- up , however , had yet to be satisfactorily explained . Eichner suggested that the mark - up ' depends on the demand for and supply of additional investment funds by the firm or group of firms with the price - setting power within ...
... mark - up of n ,. In Figure 6.2b , which illustrates the second possibility , a mark - up of n2 generates OF2 internally , leaving F2F3 to be raised from the external capital market . An algebraic version of the model can be found in ...
... mark - up pricing model neglected the fact that prices determine costs just as much as costs determine prices . It followed that the price of any individual product depended on the mark - ups in many industries , not just on the mark ...
Contents
Introduction | 1 |
First reactions to The General Theory | 12 |
An economist from Poland | 35 |
Copyright | |
13 other sections not shown