Post Keynesian Econometrics, Microeconomics and the Theory of the Firm: Beyond KeynesSheila C. Dow, John Hillard This is the first of two volumes celebrating Keynes's contribution to economics, and the development of post Keynesian economics in recent years. It reinstates the importance of Keynesian economics and its revival since the end of the 1980s, and the book's authoritative chapters are presented by an outstanding group of international contributors. Divided into two parts, this volume concentrates on microeconomics and econometrics. In the first section on microeconomics, the contributors address issues such as the division and co-ordination of knowledge, and innovation, equilibrium and welfare, as well as transactions costs, imperfect competition, trust, and the theory of the firm. The second part focuses on econometrics within a post Keynesian framework and addresses issues such as realism, the use of empirical evidence, and the case of conflict in wage and unemployment determination. This book will be welcomed by post Keynesian economists, microeconomists and those interested in the development of econometrics. |
Contents
The division and coordination of knowledge | 6 |
Innovation equilibrium and welfare | 15 |
On the issue of realism in the economics of institutions | 30 |
Copyright | |
11 other sections not shown
Common terms and phrases
analysis approach to econometrics Arestis argued argument assumptions behaviour Blanchard and Fischer bounded rationality Buckley Cambridge chapter Coase and Richardson cointegrating Collected Writings concept context coordination Cowling and Sugden critical realism Davidson econometricians econometrics economic methodology economic theory economists Edward Elgar emphasis empirical evidence equation equilibrium estimated example firm forecasting formal Hendry implies important institutional internal investment J.M. Keynes John Maynard Keynes Journal of Economics Keynes's knowledge labour logic London LSE approach Macmillan macroeconomic mainstream Mäki mathematical methodological beliefs methods neoclassical economics nomic non-ergodic organization outcomes Oxford perfect competition perspective Post Keynesian economics pricing theory problem production real wages realist relevant role Royal Economic Society specific statistical strategic decision makers structure suggest theoretical tion transaction costs Treatise on Probability trust UK and Brookfield uncertainty unemployment University Press variables Williamson Writings of John