Introduction to Post-Keynesian Economics

ISBN-10: 0230229212

ISBN-13: 9780230229211

Edition: 2nd 2009 (Revised)

Authors: Marc Lavoie
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Description: Marc Lavoie offers an easy-to-read introduction to post-Keynesian economics, showing that there is an alternative to neoclassical economics and its free-market economic policies.

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Book details

List price: $25.00
Edition: 2nd
Copyright year: 2009
Publisher: Palgrave Macmillan Limited
Publication date: 8/21/2009
Binding: Paperback
Pages: 164
Size: 5.25" wide x 8.50" long x 0.50" tall
Weight: 0.990
Language: English

List of Figures
List of Tables
List of Boxes
Preface to the English Edition
Introduction
Post-Keynesian Heterodoxy
Who are the post-Keynesians?
The characteristics of heterodox economics
The essential characteristics of post-Keynesian economics
The various strands of post-Keynesian theory
Heterodox Microeconomics
Consumer choice theory
Oligopolistic markets and the objectives of firms
The shape of cost curves
Price setting
The determinants of the costing margin
Consequences for macroeconomic theory
A Macroeconomic Monetary Circuit
Main characteristics of post-Keynesian monetary analysis
The relationship between commercial banks and the central bank
The relationship between banks and firms
A systemic view of the monetary economy
The Short Period: Effective Demand and the Labour Market
Effective demand and its components
The Kaleckian model
Further developments of the Kaleckian model
The Long Period: Old and New Growth Models
The old post-Keynesian growth models
The new Kaleckian models
Extensions and criticism of the Kaleckian model
General Conclusion131
Bibliography
Postface
Index
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