Foundations of Post-Keynesian Economic Analysis
Argues that it is possible to construct a coherent alternative to neo-classical economics based on the contributions of post-Keynesian and neo-Ricardian economists. It identifies elements from various non-orthodox traditions that can be used to construct an alternative theoretical framework.
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Theory of Choice
Theory of the Firm
Credit and Money
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accumulation actual rate aggregate amount analysis argue assumed authors behaviour borrow called capital central bank changes Chapter consequence considered constant consumers consumption costs curve decisions depends deposits determined distribution economics effective demand employment endogenous equal equation excess existence expected expenditures fact fall Figure firms function given higher households impact importance income increase individual induce inflation interest rates investment Kaleckian Keynes labour leads loans lower marginal mark-up means monetary needs neoclassical normal noted output positive possible post-Keynesian preference present procedures production rate of growth rate of interest rate of profit rate of utilization ratio real wage rate reasons relation relative reserves result rise savings sector seen share of profits shift shown situation standard rate supply technical theory tion uncertainty unit utilization of capacity variable various workers