Post-Keynesian Economics: New FoundationsThe book is a considerably extended and fully revamped edition of the highly successful and frequently cited Foundations of Post-Keynesian Economic Analysis, published in 1992. It provides an exhaustive account of post-Keynesian economics and ofø the d |
Contents
| 1 | |
2 Theory of choice | 72 |
3 Theory of the firm | 123 |
4 Credit money and central banks | 182 |
5 Effective demand and employment | 275 |
6 Accumulation and capacity | 347 |
7 Openeconomy macroeconomics | 456 |
8 Inflation theory | 541 |
9 Concluding remarks | 574 |
| 585 | |
| 647 | |
| 656 | |
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Common terms and phrases
adjustment aggregate demand argued assets assumed balance behaviour borrowers capacity utilization capital central bank changes Chapter consumer cost-plus pricing costing margin currency debt deficit deposits domestic effective demand Eichner employment endogenous equation equilibrium eurozone expenditures Figure firms fixed exchange rate foreign Godley growth rate hence heterodox economics households impact income increase interest rates investment function Kaldor Kalecki Kaleckian model Keynes Keynes’s Keynesian labour productivity Lavoie liquidity preference loans long-run macroeconomic mainstream mark-up Minsky monetary natural rate neoclassical normal rate orthodox output paradox of thrift parameter positive post-Keynesian economics profit rate profit share profit-led propensity to save rate of capacity rate of growth rate of interest rate of profit rate of return rate of utilization ratio real wage rate real wages real-wage reserves sector Sraffian stability supply target rate theory tion unit costs utilization of capacity variable wage-led workers