Mr. Keynes And The Post Keynesians: Principles Of Macroeconomics For A Monetary Production Economy (new Directions In Modern Economics Series)

In this important book, Professor Carvalho firmly establishes the methodological connections between Keynes's uncertainty concept and the evolving post Keynesian literature. At the same time, he demonstrates why the Hicksian ISLM 'Keynesian' approach went off the careful analytic tracks laid down by Keynes. Foreword / Paul Davidson -- Pt. I. Foundations. 1. Introduction: Keynes, Keynesians And The Post Keynesians. 2. Towards The Keynesian Revolution: Some Methodological Considerations. 3. Foundations Of Post Keynesian Economics: The Concept Of A Monetary Economy. 4. Probability, Uncertainty And Expectations -- Pt. Ii. The Operation Of A Monetary Economy. 5. Asset Choice And Accumulation Of Wealth. 6. Liquidity Preference And Money. 7. Own-rates Of Interest And Investment. 8. The Propensity To Consume And The Multiplier. 9. Savings, Finance And Funding: Financial Institutions And The Sustaining Of Investments. 10. Employment, Wages And Income Distribution -- Pt. Iii. New Perspectives. 11. Inflation, High Inflation And Hyperinflation. 12. Post Keynesian Perspectives On Economic Policy. Fernando J. Cardim De Carvalho. Includes Bibliographical References (p. 222-230) And Indexes.