Introduction to Post Keynesian Economics This book 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 Post Keynesian economics

  • Title: Introduction to Post-Keynesian Economics
  • Author: Marc Lavoie
  • ISBN: 9780230007802
  • Page: 162
  • Format: Hardcover
  • This book 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 Post Keynesian economics is founded on realistic assumptions and stylized facts, such as interest targeting by central banks or constant average variable costs in manufacturing and services The autThis book 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 Post Keynesian economics is founded on realistic assumptions and stylized facts, such as interest targeting by central banks or constant average variable costs in manufacturing and services The author shows how these realistic foundations give rise to macroeconomic implications that are entirely different from those of received wisdom with regards to employment, output growth, inflation and monetary theory For instance, the author demonstrates that higher minimum wages or real wages can increase both labour employment and the corporate profit rates, and that faster output growth need not lead to higher inflation.

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      Published :2018-09-04T04:21:17+00:00

    One thought on “Introduction to Post-Keynesian Economics”

    1. Heterodox economics explained beautifully you don't need to be an economist to understand this book from start to finish. I did have some more questions around heterodox economics (particularly with regards to how post-Keynesian's interpret inflation), but that's the purpose of a good introductory book - it gets you thinking and asking questions, which encourages further reading. All-round this is a fantastic book and well worth the read.

    2. This is a fantastic book which introduces the basics of Neo-Kaleckian theory. I will write a longer review in the future, but it reminds me. Why aren't Marxists Kaleckians by now?

    3. I read about half of this book, up to chapter 3. I'd say it is well written, ordered and, in general, fairly easy to read. The ideas are presented in a simple and clear way, which I think is good for readers with very little background in non-orthodox economics or in economics at all. However, all of this is not without disadvantages, for the fact that it covers a lot of themes in such a reduced space means a lot of details are left out. Yet this is true for all introductions, so I do not think [...]

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