This book argues that Keynesian economists have betrayed Keynes' theory and policy conclusions, and that the world has been misled about those policies. Keynesians have focused attention on policies for dealing with effects of economic failure as they arise, whereas Keynes was concerned with the cause and then the prevention of economic failure.
This book argues that Keynesian economists have betrayed Keynes' theory and policy conclusions, and that the world has been misled about those policie...
The Post-Keynesian methodology emphasising uncertainty is indispensable to analysing and understanding the major challenges of the 21st Century. On that basis, this book focuses on the failures of the market economic system to secure stability and sustainability, and demonstrates why this is not recognised by conventional economic theory. The Post-Keynesian economics set out here aims for an understanding of the economy as a whole and as an integral part of society. Chapters analysing money, banks and finance as dynamic phenomena open the book. They are followed by chapters focusing on...
The Post-Keynesian methodology emphasising uncertainty is indispensable to analysing and understanding the major challenges of the 21st Century. On th...
This book is devoted to examining the lasting impact of The General Theory and Keynes's thought on macroeconomic theory, methodology and its relevance for understanding the financial and economic challenges of the 21st Century. A number of contributions take their departure from Keynes's presentation during the 1930s of his new macroeconomic understanding and its policy implications. The book also discusses pluralistic views of Keynes's ideas and their importance for contemporary debates. The General Theory and Keynes for the 21st Century develops the analysis of money and banking, and...
This book is devoted to examining the lasting impact of The General Theory and Keynes's thought on macroeconomic theory, methodology and its relevance...
