Foundations of Post-Keynesian Economic Analysis

Foundations of Post-Keynesian Economic Analysis

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Description

This innovative book demonstrates that it is possible to construct a coherent alternative to neoclassical economics based on the contributions of post Keynesian and Kaleckian economists. It identifies elements from the non-orthodox traditions, in particular from the neo-Ricardian school, that can be welded into a convincing alternative theoretical framework.

The building blocks of this synthesis are the non-neo-classical microeconomic foundations of the theory of choice and of the firm. By emphasizing the consequences of a world characterized by true uncertainty and oligopolistic dominance, Marc Lavoie extends short-period paradoxes to the analysis of the long period, and bases these macroeconomic results on microeconomic foundations.
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Product details

  • Paperback | 480 pages
  • 156 x 234 x 25.4mm | 703.07g
  • Cheltenham, United Kingdom
  • English
  • 185278816X
  • 9781852788162
  • 1,709,869

Table of contents

Contents: 1. The Need for an Alternative 2. Theory of Choice 3. Theory of the Firm 4. Credit and Money 5. Effective Demand and Employment 6. Accumulation and Capacity 7. Inflation 8. Concluding Remarks
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Review quote

'. . . [provides] excellent expositions for students [and] should allow discussion to concentrate on the theoretical consistency of the various components of the post Keynesian alternative.'
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About Marc Lavoie

Marc Lavoie, Professor Emeritus, University of Ottawa, Canada, Professor Emeritus, University of Sorbonne Paris Nord (CEPN), France and FFM Fellow, Institut fur Makrooeconomie, Dusseldorf, Germany
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