Introduction to Post-Keynesian Economics
This book offers an accessible introduction to post-Keynesian economics, showing that there is an alternative to neoclassical economics and its free-market economic policies. Post-Keynesian economics is founded on realistic assumptions, such as inter
- PDF / 1,148,896 Bytes
- 180 Pages / 595 x 842 pts (A4) Page_size
- 11 Downloads / 225 Views
Please respect intellectual property rights This material is copyright and its use is restricted by our standard site license terms and conditions (see palgraveconnect.com/pc/info/terms_conditions.html). If you plan to copy, distribute or share in any format, including, for the avoidance of doubt, posting on websites, you need the express prior permission of Palgrave Macmillan. To request permission please contact [email protected].
This book offers an accessible introduction to post-Keynesian economics, showing that there is an alternative to neoclassical economics and its free-market economic policies. Post-Keynesian economics is founded on realistic assumptions and stylized facts, such as interest targeting by central banks or constant average variable costs in manufacturing and services. The author shows how these more realistic foundations give rise to macroeconomic implications that are entirely different from those of received wisdom with regards to employment, output growth, inflation and monetary theory. For instance, the author demonstrates that higher minimum wages or real wages can increase both labour employment and the corporate profit rates, and that faster output growth need not lead to higher inflation.
10.1057/9780230235489 - Introduction to Post-Keynesian Economics, Marc Lavoie
Copyright material from www.palgraveconnect.com - licensed to University of Sussex - PalgraveConnect - 2012-05-18
The entire world has been facing the so-called subprime crisis – a crisis that first hit banks and other financial institutions through changes in the real estate market, and later spread to the stock market and the real economy. The chapters in this revised volume help to understand the recent events that led to the financial crisis. The book also includes a new postface, which provides a thorough examination on how postKeynesian theory relates to the subprime financial crisis.
Also by Marc Lavoie MACROÉCONOMIE: théories et controverses post-Keynésiennes FOUNDATIONS OF POST-KEYNESIAN ECONOMIC ANALYSIS
AVANTAGE NUMÉRIQUE: l’argent et la Ligue nationale de hockey DÉSAVANTAGE NUMÉRIQUE: les francophones dans la LNH CENTRAL BANKING IN THE MODERN WORLD: Alternative Perspectives (co-edited with Mario Seccareccia) MONETARY ECONOMICS: An Integrated Approach to Credit, Money, Income, Production and Wealth (with Wynne Godley) MICROECONOMICS: Principles and Policy, 1st Canadian edn (with William J. Baumol, Alan S. Blinder, Mario Seccareccia) MACROECONOMICS: Principles and Policy, 1st Canadian edn (with William J. Baumol, Alan S. Blinder, Mario Seccareccia)
10.1057/9780230235489 - Introduction to Post-Keynesian Economics, Marc Lavoie
Copyright material from www.palgraveconnect.com - licensed to University of Sussex - PalgraveConnect - 2012-05-18
MILTON FRIEDMAN ET SON ŒUVRE (co-edited with Mario Seccareccia)
Marc Lavoie
10.1057/9780230235489 - Introduction to Post-Keynesian Economics, Marc Lavoie
Copyright material from www.palgraveconnect.com - licensed to University of Sussex - PalgraveConnect - 2012-05
Data Loading...
