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Jamee Moudud provides a new microfoundational explanation for the Harrodian long-run or warranted growth rate. The author, emphasizing the role of Keynesian uncertainty, shows that the growth model is anchored in a new interpretation of the Oxford Economists' Research Group's microeconomic analysis and a variant of the stock-flow consistent framework. In a distinctly Kaldorian vein, Jamee Moudud discusses the relationship between capital budgeting, public investment, and taxation policy as it relates to the warranted growth rate and its impact on long-term involuntary unemployment.

Conventional theory and policy either assume that markets are perfectly competitive or that they are imperfectly competitive, thus leading to prevailing views on monopoly. This book takes a radically different approach to the analysis of competition by rejecting the perfect vs. imperfect competition dichotomy.

Conventional theory and policy either assume that markets are perfectly competitive or that they are imperfectly competitive, thus leading to prevailing views on monopoly. This book takes a radically different approach to the analysis of competition by rejecting the perfect vs. imperfect competition dichotomy.