Alternative Principles of EconomicsThis is the first book to provide a complete introduction to Post-Keynesian and other alternative theories of economics. Concise yet comprehensive, and written to be accessible to a wide audience, it offers a unique opportunity to enhance traditional neo-classical economics training with authoritative coverage of the full range of the non-orthodox paradigm. |
Contents
| 3 | |
2 Returns and the Costs of Production | 10 |
3 The Formation and Role of Prices | 31 |
4 Consumer Behavior and Demand | 53 |
5 The Determination of Income Distribution | 99 |
6 DistributionExtending the Analysis | 167 |
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Common terms and phrases
additional aggregate demand amount analysis approach assume basket capacity utilization capital accumulation capital deepening capital stock capitalists coefficient condition consider constant constraint consumer behavior consumption conventional costs decision demand curve determined diminishing returns distribution of income economic effect equal Equation existing factor Figure firm full employment given growth rate Harrod higher increase indifference curve investment expenditures Keynesian labor force labor input labor productivity labor supply level of employment maintain marginal product marginal utility markup megacorp ment money balances money income money supply money wage one’s operating orthodox outcome overall particular percent Post-Keynesian Economics preferences price level Principles production function production process proportion purchase quantity rate of capital rate of profit rate of return ratio real income real wage reality realized reduce reflective relation result savings sector sumer supply curve technical change theory thereby tion understanding unit of labor vintage wage rate workers