Post Keynesian Economic Theory: A Challenge to Neo-classical Economics
Philip Arestis, Thanos Skouras
Wheatsheaf Books, 1985 - Business & Economics - 235 pages
"This collection of major new essays offers a full range of alternative ways of looking at the economy. The alternatives adopted here focus on the post-Keynesian body of thought. The authors call into question the traditional ways of thinking on a number of economic issues ... The essays offered here represent a serious challenge to the prevailing orthodoxies and demand new ways of thinking about economics."--Page 4 of cover.
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aggregate analysis approach argued assumed assumption balance banks become borrowing capital assets capitalist economy cash changes considerable consumption costs countries course crowding-out curve debt deficit demand depends determined discussion economic economists effect employment equilibrium existing expansion expectations expenditure extent fall finance firms fiscal flows follows force function further given growth important income increase industrial industrialisation inflation influence initial institutions interest investment issue Kalecki Keynes Keynesian labour leads less loans means monetarist monetary nature operations output particular payments period political position possible post-Keynesian present problem production profits question rational real wage reduced regime relations relative result rise role savings sector shift short social spending structure supply theory traditional units wage wealth workers