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The Post-Keynesian Approach to Economics

The Post-Keynesian Approach to Economics PDF Author: Philip Arestis
Publisher: Edward Elgar Publishing
ISBN: 9781852781545
Category : Business & Economics
Languages : en
Pages : 340

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Book Description
This major new book provides a coherent critique of the neo-classical synthesis together with a comprehensive and systematic introduction to the post Keynesian alternatives. Professor Arestis demonstrates that post Keynesian economics offers a challenge to conventional neoclassical economics. He argues that although post Keynesianism is not problem-free, it nevertheless offers a more satisfactory explanation of 'real' phenomena. The post Keynesian Approach to Economicsreveals the microfoundations of post Keynesian economics and describes how these theoretical propositions link up with the macrofoundations. In doing so, it demonstrates that money pricing, capital accumulation, growth and distribution are linked very closely together. The economic policy implications are discussed extensively.