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The Post-Keynesian approach to economics : an alternative analysis of economic theory and policy

Author: Philip Arestis
Publisher: Aldershot, England ; Brookfield, Vt., USA : E. Elgar, ©1992.
Series: New directions in modern economics.
Edition/Format:   Print book : EnglishView all editions and formats
Summary:
This major new book provides a coherent critique of the neoclassical 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 neoclassical economics. He argues that although post-Keynesianism is not problem-free, it nevertheless offers a more satisfactory explanation of
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Material Type: Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: Philip Arestis
ISBN: 1852781548 9781852781545 1858980135 9781858980133
OCLC Number: 25508209
Description: xv, 316 pages : illustrations ; 23 cm.
Contents: 1. The Grand Neo-classical Synthesis. 1.2. The micro and macro aspects of the GNS. 1.3. Economic policy analysis within the GNS. 1.4. Completing the GNS: the Phillips curve relationship. 1.5. The birth of rational expectations --
2. Refinements of the GNS. 2.2. New classical economics. 2.3. New neo-classical synthesis. 2.4. Open economy aspects. 2.5. The GNS growth model. 2.6. Business cycles --
3. A Critique of GNS Economics. 3.2. The atomistic, harmony and asocial nature of GNS. 3.3. Income distribution and the meaning of capital. 3.4. Rationality, optimization and equilibrium analysis. 3.5. Economic policy, rational expectations and market clearing. 3.6. Methodological problems --
4. Post-Keynesian Economics. 4.2. Prolegomena. 4.3. Methodological aspects and key features of post-Keynesian economics. 4.4. The constituent theoretical elements of post-Keynesian economics. 4.5. The post-Keynesian model --
5. Theories of Production, Investment and Distribution. 5.2. Production theory. 5.3. Theories of household and investment demand. 5.4. Distribution theory --
6. Theories of Prices and Pricing. 6.2. Kalecki's pricing theory. 6.3. Extensions of Kalecki's pricing theory. 6.4. Eichner's pricing theory. 6.5. Wood's pricing theory. 6.6. Inflation theory --
7. The Theory of Money Wage Determination. 7.2. 'Target real wages' and 'wage-relativities' in wage determination. 7.3. Hysteresis effects --
8. The Theory of Money, Credit and Finance. 8.2. The endogeneity characteristic of money. 8.3. Money: residue not cause. 8.4. A model of money, credit and finance. 8.5. The post-Keynesian consensus on money, credit and finance --
9. Growth Dynamics and Business Cycles Theories. 9.2. Growth dynamics. 9.3. Business cycles --
10. Economic Policy Implications. 10.2. Obstacles to economic policy. 10.3. The closed economy case. 10.4. The open economy case. 10.5. Potential constraints.
Series Title: New directions in modern economics.
Responsibility: Philip Arestin.

Abstract:

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.  Read more...

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`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 Read more...

 
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