'The real strength of Arestis's book is in providing a survey of a very large number of contributions which have gone into building-up this central position. Thoughtful students who have had a thorough grounding in neoclassical macroeconomics and want to see something of the alternatives, would learn much from Arestis (as would their teachers).' - Adrian Winnett, Cyprus Journal of Economics '. . . [provides] excellent expositions for students [and] should allow discussion to concentrate on the theoretical consistency of the various components of the post-Keynesian alternative.' - J.A. Kregel, the Economic Journal This major new book provides a coherent critique of the neo-classical synthesis together with a comprehensive and systematic introduction to the post-Keynesian alternatives. Professor Arestis demonstrates that post-Keynesian economics offers a challenge to conventional neo-classical economics. He argues that although post-Keynesianism is not problem-free, it nevertheless offers a more satisfactory explanation of 'real' phenomena.
Providing a comprehensive introduction to the post-Keynesian position on key issues confronting economists and public policy makers, this text reflects the changes that have occurred in post-Keynesian thought in recent years.
This book shows how the realistic foundations and stylized facts of Post-Keynesian economics give rise to macroeconomic implications that are different from those of received wisdom with regards to employment, output growth, inflation and ...
Elgar Advanced Introductions are stimulating and thoughtful introductions to major fields in the social sciences and law, expertly written by the worldÕs leading scholars.
This text provides a history of the post Keynesian approach to economics since 1936.
Rochon (economics and banking, Kalamazoo College) uses a horizontalist perspective to offer a historical overview of the post-Keynesian and circuit approaches to endogenous money, and provides an informed critique of the development of post ...
How did economic ÒexpertsÓ worldwide fail to predict the financial crisis of 2007-2008? Eminent economist Paul Davidson discusses how mainstream economic theory may not be applicable to the world of experience.
Structured into 5 main topics, the main purpose of ‘Dynamic Economics Systems ’is to present arguments for this contention and to start developing the tools which are needed to make progress in understanding truly dynamic economic ...
This unique collection presents a Post-Keynesian perspective on international economics and trade. All the major areas in international economics are covered, with the Post-Keynesian approach giving a welcome fresh perspective.
Does there exist an alternative to the “neoclassical synthesis” presented to students in introductory, intermediate, and advanced economics courses? The alternative is the post-Keynesian theory which is the subject of this book.
This important text develops Keynes's analytical framework for both closed and open economies and provides policy guidance for the global economy of the 21st century.