2 edition of Post-Keynesian economics. found in the catalog.
Kenneth K. Kurihara
|LC Classifications||HB87 K8 1955|
|The Physical Object|
|Pagination||xviii, 442 p.|
|Number of Pages||442|
A prime example is found in Chapter 11 "Evaluating the Controversy between Free Trade and Protectionism" of this book, which addresses the age-old question of whether countries should choose free trade or some type of selected protection. The results from models give us insights that help us answer these questions. Large scale SFC models are being developed that describe an entire national economy, while multi-country open economy models look at international trade and finance. His main research areas are in post-Keynesian and monetary economics. It also allows you to accept potential citations to this item that we are uncertain about. The best it can offer is an increased chance of avoiding making the same errors as the consensus.
More services and features. This emphasises the fact that for PKE, there is no fundamental trade-off between social cohesion as a political target and growth as the economic means to maintain high levels of employment and to improve living conditions. Both classical economists and free-market advocates have criticized Keynes' approach. Additionally, the text is focussed on economic theory, and not building predictive models.
Epistemology Again it must first be noted that PKE does not provide a coherent epistemology, and that individual post-Keynesians probably hold very different views about truth, knowledge and the degree to which we can obtain knowledge of economic reality. If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. Although such institutional analyses are based on specific empirical cases and typically do not involve formalisation, they often do provide more general conclusions about economic behaviour and events. This allows to link your profile to this item. He then attended Syracuse University and received an M. That said, the book is not particularly cheap, nor is it light reading.
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Monetary circuit theoryoriginally developed in continental Europe, places particular emphasis on the distinctive role of money as means of payment. In justifying the pursuit for socially progressive capitalism, many post-Keynesian economists claim to find historical precedence for these prospects in the Golden Age or Fordist regime of capitalism, from the s to the s.
We have no references for this item. There is, however, good empirical evidence that, when used appropriately, fiscal policy is able to mitigate business cycles. I do not want to get involved in discussing the politics of post-Keynesian economics, but I would point out that it is distinct from the mainstream "Keynesian" economic consensus of the s and s.
More services and features. For example, many post-Keynesians argue that a more even distribution of income between capitalists and workers will boost aggregate demand and growth and can therefore result in increasing the gross profits of the capitalist class.
An example may be the link between microeconomic assumptions like competition, pricing and firm behaviour and macroeconomic theory like the determination of functional income distribution, which is the distribution of the GDP to wages and profits.
Second, PKE seems to presuppose that it requires both logical reasoning and empirical observation to construct good economic theories.
Delineation: Subschools, other Economic Theories, and other Disciplines. Biography[ edit ] Pressman is the elder son of Jeffrey and Phyllis Pressman.
Regarding international economic policies, PKE does not regard free trade as beneficial for poorer countries as long as it does not help them to build their own competitive manufacturing sectors.
The "Keynesian" portion of the term "post-Keynesian" may raise ideological hackles. A prime example is found in Chapter 11 "Evaluating the Controversy between Free Trade and Protectionism" of this book, which addresses the age-old question of whether countries should choose free trade or some type of selected protection.
Keeping interest rates low is an attempt to stimulate the economic cycle by encouraging businesses and individuals to borrow more money. This multiplier refers to the money-creation process that results from a system of fractional reserve banking.
This has lead to the criticism that "post-Keynesian" economics is incoherent. Inflation theory. Furthermore, the notion of financialisation has recently given rise to a rich literature that describes and analyses structural changes in many economies towards a greater importance and dominance of the financial sector.
Some post-Keynesians took a more progressive view than Keynes himself, with greater emphases on worker-friendly policies and redistribution.
Please note that corrections may take a couple of weeks to filter through the various RePEc services. This approach is strongly opposed to the epistemological viewpoint of instrumentalism, which does not care about the degree of reality reflected in core assumptions and only seeks to achieve correct predictions.
In order to get there, the overarching political objective is to change the effectiveness of the state and the political-economic system.Jan 01, · This paper surveys some of the main developments in macroeconomics since the anti-Keynesian counter-revolution 40 years ago.
It covers both mainstream and heterodox economics.
Amongst the topics discussed are: New Keynesian economics, Modern Monetary Theory, expansionary fiscal contraction, unconventional monetary policy, the Phillips curve, hysteresis, and heterodox Author: Robert Rowthorn. Downloadable! The book is a considerably extended and fully revamped edition of the highly successful and frequently cited Foundations of Post-Keynesian Economic Analysis, published in It provides an exhaustive account of post-Keynesian economics and of the developments that have occurred in post-Keynesian theory and in the world economy over the last twenty years.
The book is a considerably extended and fully revamped edition of the highly successful and frequently cited Foundations of Post-Keynesian Economic Analysis.
It provides an exhaustive account of post-Keynesian economics and of the developments that have occurred in post-Keynesian theory and in the world economy over the last twenty years.
Feb 15, · Post-Keynesian Economics: New Foundations by Marc Lavoie is a masterful overview of post-Keynesian economic thought.
It is an academic text, and it is aimed at readers with a good understanding of. Oct 08, · Post-Keynesian Economics. DOI link for Post-Keynesian Economics. Post-Keynesian Economics book. Post-Keynesian Economics. DOI link for Post-Keynesian Economics. Post-Keynesian Economics book. Edited By Kenneth K.
Kurihara. Edition 1st Edition. First Published eBook Published 8 October Pub. location atlasbowling.com by: MONEY is the central concept in the economics of John Maynard Keynes. Viewing his work as a whole, this proposition seems hardly debatable.
With respect to his general theory of employment, it may be less obvious, although the title of his book, The General Theory of Employment, Interest and Money, is primafacie evidence that money, along with interest, is the key to his explanation of employment.