Keynes and macroeconomics after 70 years : critical assessments of 'the general theory'

The Book Is Strongly Recommended For Those Interested In The Continuing Reception Of Keynes S Thinking. John B. Davis, Eh.net In This Substantial New Collection, Esteemed Post-keynesian Scholars Reassess The Relevance Of Keynes S The General Theory To A Broad Array Of Topic Areas, Ranging From The Environment, Investment Finance, Exchange Rates, And Socialism, As Well As Inquiries Into General Post-keynesian Theory. In Response To The Current Economic Crisis, Many People Looking For New Solutions Are Excitedly Re-discovering The Post-keynesian Tradition Of Money Modeling And Theory. This Book Offers A Broad Array Of Recent Post-keynesian Scholarship, Providing A Good Contextual Understanding Of The Current State Of The Field From Which Innovative Money Solutions Are Springing. Topics Covered Here Include: Keynes And Heterodox Economics, The Founding Fathers Of Post-keynesian Economics, Keynesian Models, Keynesian Policy, And The Modern Development And Extensions Of Keynesian Economics. Academics And Practitioners Eager For A Solid Heterodox Approach To Economics And Money Theory, The Environment, Finance, And Political Science Will Find The Book An Invaluable Addition To Their Collection. Copyright......Page 5 Contents......Page 6 Contributors......Page 8 Introduction......Page 10 PART I Keynes and heterodox economics......Page 28 1. Heterodox macroeconomics: what, exactly, are we against?......Page 30 2. Keynes the Keynesian: a Lakatosian insight into Keynes’s ‘probable’ theoretical contributions to macroeconomics after 1937......Page 47 PART II Founding fathers of Post Keynesian economics......Page 62 3. Minsky and Keynes on investment volatility: was there an overstatement?......Page 64 4. Two founding fathers of the Post Keynesian critical appraisal of self-balancing mechanisms?......Page 78 5. The contributions of Tom Asimakopulos to Post Keynesian economics......Page 91 6. Asimakopulos’s criticism of Keynes’s short-period equilibrium: a reformulation......Page 107 PART III Keynesian models......Page 124 7. Modeling Keynes with Kalecki......Page 126 8. A Keynesian model for the 21st century......Page 150 9. Capital accumulation, income distribution, technical progress and endogenous money in a Post Keynesian macrodynamic model......Page 164 PART IV Keynesian policy......Page 182 10. Keynes on the control of the money supply and the interest rates......Page 184 11. Inflation targeting in Brazil: a Keynesian approach......Page 203 12. Eisner’s radical approach to social security – tell the truth!......Page 223 PART V Modern development and extensions of Keynesian economics......Page 232 13. Investment finance and financial sector development......Page 234 14. Keynes’s theory of probability, investment behavior, and behavioral finance......Page 250 15. Real exchange rate levels, investment and growth: a Keynesian perspective......Page 261 16. A reinterpretation, remedy and development of Keynes’s liquidity preference theory......Page 272 17. Keynes’s ‘revolving fund of finance’ and transactions in the circuit......Page 286 18. Monetary and fiscal policies in a Post Keynesian stock–flow consistent model......Page 306 19. Expectations and unemployment......Page 336 Index......Page 348

In this new collection, esteemed Post Keynesian scholars reassess the relevance of Keynes's The General Theory to a broad array of topic areas, ranging from the environment, investment finance, exchange rates, and socialism, as well as inquiries into general Post Keynesian theory. In response to the current economic crisis, many people looking for new solutions are excitedly re-discovering the Post Keynesian tradition of money modeling and theory. This book offers a broad array of recent Post Keynesian scholarship, providing a good contextual understanding of the current state of the field from which innovative money solutions are springing. Topics covered here include: Keynes and heterodox economics, the founding fathers of Post Keynesian economics, Keynesian models, Keynesian policy, and the modern development and extensions of Keynesian economics.

In this collection, esteemed post-Keynesian scholars reassess the relevance of Keynes's 'The General Theory' to a broad array of topic areas, ranging from the environment, investment finance, exchange rates, and socialism, as well as inquiries into general post-Keynesian theory.-- Provided by publisher Features Post-Keynesian scholars who reassess the relevance of Keynes' "The General Theory" to a broad array of topic areas, ranging from the environment, investment finance, exchange rates, and socialism, as well as inquiries into general Post-Keynesian theory