Alternative Principles of Economics
This 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.
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additional aggregate demand amount analysis approach assume assumption basket capacity utilization capital accumulation capital deepening capital stock capitalists coefficient commodity condition consider constant 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 income distribution increase indifference curve investment expenditures Keynesian labor force labor input labor productivity labor supply level of employment level of income maintain marginal product markup megacorp money balances money supply money wage one«s operating orthodox outcome overall particular percent Post-Keynesian Economics preferences price level Principles production function production process progress function proportion purchase quantity rate of capital rate of profit rate of return real income real wage reality realized reduce reflective result savings sector supply curve technical change theory thereby understanding unit of labor wage rate workers