Post-Keynesian Economic TheoryPaul Wells Post-Keynesian Economic Theory explores and develops several areas of post- Keynesian economics most in need of additional fundamental research, including: a monetary theory of production; post-Keynesian price theory; international economics; labor economics; financing aggregate demands; and the liquidity preference theory of interest. The book presents a constructive post-Keynesian critique of contemporary macroeconomic conceptualization and practice. It illustrates the illusory character of the search for unique, determinate results in the problems of macroeconomics and clearly demonstrates the complexity and resulting richness of meaningful economic theory. |
Contents
PostKeynesian Developments of Liquidity | 17 |
The PostKeynesian | 35 |
Sectoral | 49 |
Copyright | |
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agents aggregate demand analysis assets balances behavior borrowing and lending Cambridge critique capital flight capital markets Champernowne's changes classical competitive concept constraints consumption Darity Davidson debt decisions degree of monopoly demand for money depends deposits developing countries effects endogenous enterprise equilibrium essay expectations factor firm's full employment income increase industry inflation interest rate international banks investment expenditure involuntary unemployment Journal of Post Kalecki's Keynes Keynes's Kregel labor demand labor market clearing labor supply level of employment liabilities liquidity preference liquidity preference theory loans macroeconomics marginal efficiency ment Minsky monetary economy monetary theory money capital money supply money wages money-wage natural rate neoclassical nonneutrality operations output perfect competition period Post Keynesian Economics Post-Keynesian price level product pricing product's costs profit maximization rate of interest rate of unemployment real wage reduce relevant risk Robinson schedule Steindl's unem unemployment rate variables velocity of circulation wealth workers