The Foundations of Keynesian Analysis: Proceedings of a Conference held at the University of Paris I―Panthéon-Sorbonne (Keynesian Studies)

Front Matter....Pages i-xlvi Introduction....Pages 1-12 Front Matter....Pages 13-13 The Foundations of a Monetary Production Economy....Pages 15-48 Effective Demand and the Monetary Theory of Employment....Pages 49-64 Non-Walrasian Equilibria and Macroeconomics....Pages 66-92 An IS-LM Representation of Macroeconomic Equilibria with Rationing....Pages 93-110 Equilibrium and Probability: A Reinterpretation of the Methodological Foundations of the General Theory....Pages 112-127 Keynes’s General Theory: Foundations for a Heterodox Political Economy?....Pages 128-149 Front Matter....Pages 151-151 The Role of Effective Demand in the Short Run and the Long Run....Pages 153-160 The Short Period of Keynesian Analysis and the Time-Period of the Circuit....Pages 161-168 The Identity of Aggregate Supply and Demand in Time....Pages 169-193 Front Matter....Pages 195-195 Capital and Effective Demand....Pages 197-230 The Multiplier and Liquidity Preference: Two Sides of the Theory of Effective Demand....Pages 231-250 Reflections on the Microeconomic Foundations of the Keynesian Aggregate Supply Function....Pages 251-262 Some Remarks....Pages 263-264 Back Matter....Pages 265-267 The papers collected here, first given at an international conference on Keynesian economics in Paris, deal with the theoretical foundations of Keynes's work and its recent interpretations. They show new approaches to a wide range of topics, including capital theory, the multiplier, liquidity preference and the aggregate supply function