Unemployment, Imperfect Competition and Macroeconomics

Unemployment, Imperfect Competition and Macroeconomics : Essays in the Post Keynesian Tradition

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This collection of Malcolm Sawyer's essays develops the post Keynesian analyses of unemployment, imperfect competition and macroeconomics.

This important volume focuses on the causes of unemployment, a central concern of contemporary post Keynesian economics whose origins can be dated from the response to the high levels of unemployment during the 1930s. After explaining why conventional economic analysis cannot properly comprehend the phenomenon of unemployment, Professor Sawyer's book explores the relationship between demand-side and supply-side causes and argues for the relevance of both for the analysis of unemployment. Other issues discussed include the relationship between macroeconomics and imperfect competition, the post Keynesian approach to pricing and post Keynesian perspectives on industrial economics.

Unemployment, Imperfect Competition and Macroeconomics, critically but sympathetically, evaluates and extends the contribution of post Keynesian analysis, and discusses the problems which those analyses face. Bringing together contributions from a major scholar working in this field, the book will be welcomed by all those interested in the post Keynesian approach and the contributions it can make to economic analysis.
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Product details

  • Hardback | 224 pages
  • 156 x 234 x 25.4mm | 498.95g
  • Cheltenham, United Kingdom
  • English
  • 1852789573
  • 9781852789572

Table of contents

Contents: 1. Introduction 2. Unemployment and the Dismal Science 3. Post Keynesian Macroeconomics: A Survey 4. Post Keynesian Economics: the State of the Art 5. Conflict and Aggregate Demand in Post Keynesian Economics: the Problem of Over-Determinacy 6. The Relationship Between Imperfect Competition and Macroeconomic Analysis 7. On the Relationship Between Keynes's Macroeconomic Analysis and theories of imperfect Competition 8. On the Origins of Post Keynesian Pricing Theory and Macroeconomics 9. Post Keynesian Analysis and Industrial Economics 10. Prices, Pricing, Capacity Utilisation and Unemployment in the Post Keynesian Traditions Index
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Review quote

`A first-class collection of essays from a noted scholar in this field, which develops the post Keynesian analyses of these topics.' -- Aslib Book Guide `These essays provide an informed view of the state of post Keynesian economics.' -- G.R. Steele, International Journal of Manpower `Malcolm Sawyer is the second sort of economist par excellence. Industrious, humane, lucid, he gets on with the job without any fuss at all. . . . Those who wish to know how modern economies actually work, especially with regard to pricing, distribution and unemployment, and who most contributed in realistic ways to our understanding, need go no further than, Unemployment, Imperfect Competition and Macroeconomics. It is a model of relevance, clarity, generosity to others and basic human decency.' -- G.C. Harcourt, The Manchester School
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About Malcolm Sawyer

Malcolm Sawyer, Emeritus Professor of Economics, University of Leeds, UK
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