Description
Book SynopsisIn 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.
Trade Review'The book is strongly recommended for those interested in the continuing reception of Keynes's thinking.' -- John B. Davis, EH.NET
Table of ContentsContents: Introduction PART I: KEYNES AND HETERODOX ECONOMICS 1. Heterodox Macroeconomics: What, Exactly, Are We Against? John E. King 2. Keynes the Keynesian: A Lakatosian Insight into Keynes’s ‘Probable’ Theoretical Contributions to Macroeconomics after 1937 Jesús Muñoz and Joel Bonales PART II: FOUNDING FATHERS OF POST KEYNESIAN ECONOMICS 3. Minsky and Keynes on Investment Volatility: Was There an Overstatement? André Lourenço 4. Two Founding Fathers of the Post Keynesian Critical Appraisal of Self-balancing Mechanisms? Lino Sau 5. The Contributions of Tom Asimakopulos to Post Keynesian Economics G.C. Harcourt 6. Asimakopulos’s Criticism of Keynes’s Short-period Equilibrium: A Reformulation Abdelkader Slifi PART III: KEYNESIAN MODELS 7. Modeling Keynes with Kalecki Colin Richardson and Jerry Courvisanos 8. A Keynesian Model for the 21st Century H. Sonmez Atesoglu 9. Capital Accumulation, Income Distribution, Technical Progress and Endogenous Money in a Post Keynesian Macrodynamic Model Luciano Dias Carvalho and José Luís Oreiro PART IV: KEYNESIAN POLICY 10. Keynes on the Control of the Money Supply and the Interest Rates Carlo Panico 11. Inflation Targeting in Brazil: A Keynesian Approach Luiz Carlos Bresser-Pereira and Cleomar Gomes da Silva 12. Eisner’s Radical Approach to Social Security – Tell the Truth! Stephanie Kelton PART V: MODERN DEVELOPMENT AND EXTENSIONS OF KEYNESIAN ECONOMICS 13. Investment Finance and Financial Sector Development Bokhyun Cho 14. Keynes’s Theory of Probability, Investment Behavior, and Behavioral Finance Edwin Dickens 15. Real Exchange Rate Levels, Investment and Growth: A Keynesian Perspective Paulo Gala 16. A Reinterpretation, Remedy and Development of Keynes’s Liquidity Preference Theory Wenge Huang 17. Keynes’s ‘Revolving Fund of Finance’ and Transactions in the Circuit Steve Keen 18. Monetary and Fiscal Policies in a Post Keynesian Stock-flow Consistent Model Edwin Le Heron 19. Expectations and Unemployment J.W. Nevile and Peter Kriesler Index
