By S. Pressman
Eichner's vintage A advisor to Post-Keynesian Economics (1978) remains to be visible because the definitive staging submit for these wishing to familiarise themselves with the Post-Keynesian university. This ebook brings the tale up-to-date.Of the entire subgroups inside heterodox economics, Post-Keynesianism has supplied the main convincing substitute to mainstream idea. the most representatives of the Post-Keynesianism from each side of the Atlantic are represented the following, together with Paul Davidson, Geoff Harcourt and Sheila Dow.
Read or Download New Guide to Post-Keynesian Economics PDF
Similar money & monetary policy books
An excellent advisor with the entire fundamentals to appreciate different types of trade cost regimes and the demanding situations they pose to varied economies.
Nationwide currencies seem to be threatened from either side. ecu Union member nations are as a result of abandon their nationwide currencies in favour of a supranational foreign money by way of the 12 months 2000. in other places, using foreign currency echange inside of nationwide financial areas is at the raise, as proven through the expansion of eurocurrency task, and forex substitution in lots of components of the area.
John Maynard Keynes (1883–1946) used to be absolutely some of the most influential thinkers of the 20 th century. His paintings revolutionised the idea and perform of contemporary economics. It has had a profound effect at the manner economics is taught and written, and on fiscal coverage, around the globe. The accrued Writings of John Maynard Keynes, released in complete in digital and paperback structure for the 1st time, makes to be had in thirty volumes all of Keynes’s released books and articles.
With contemporary turmoil in monetary markets around the globe, this distinctive and up to date booklet addresses a few tough concerns concerning financial coverage, monetary markets and macroeconomic policy.
While a few of the chapters deal with the hot drawback in addition to changes to the Basel Accord, others examine the mandatory adjustments to the behavior of financial and monetary regulations. the prestigious authors supply an in-depth and finished research of macroeconomics and supply replacement guidelines to house a few chronic modern day problems.
Offering an enticing research of present fiscal matters from a Post-Keynesian point of view, this e-book will entice lecturers and graduate scholars of macroeconomics and monetary markets.
‘The quantity credits, funds and Macroeconomic coverage edited via Claude Gnos and Louis-Philippe Rochon, represents a most vital contribution to our figuring out of the character and function of credits and funds in smooth economies. It offers with probably the most urgent problems with our time; as such it constitutes a useful advisor for the comprehension of the consequences of the final 20 years of inflation concentrating on regulations. ’
– Giuseppe Fontana, collage of Leeds, united kingdom and collage of Sannio, Italy.
Contributors: A. Asensio, R. Bellofiore, R. W. Dimand, A. Fumagalli, C. Gnos, R. Guttmann, J. Halevi, E. Hein, S. Karagiannis, T. T. Koutsobinas, S. Lucarelli, Y. Panagopoulos, A. Parguez, L. -P. Rochon, S. Rossi, M. Sawyer, U. ? ener, M. Setterfield, R. Sobreira, A. D. Spiliotis, A. Truger, P. Zendron.
- Money, Banking, and the Business Cycle: Volume Two Remedies and Alternative Theories
- Genesis of the Financial Crisis
- Participatory Budgeting (Public Sector Governance)
- Interest And Prices
Additional resources for New Guide to Post-Keynesian Economics
1996) “Unproductive Outlays and Capital Accumulation with Target-return Pricing,” Review of Social Economy, 54(3): 303–321. Lavoie, M. (1996/97) “Real Wages, Employment Structure, and the Aggregate Demand Curve in a Kaleckian Short Run Model,” Journal of Post Keynesian Economics, 19(2): 275–88. Lavoie, M. and Ramírez-Gastón, P. (1997) “Traverse in a Two-sector Kaleckian Model of Growth with Target Return Pricing,” Manchester School of Economic and Social Studies, 55(1): 145–169. S. (1985) “Full Cost Prices, Classical Price Theory, and Long Period Method Analysis: a Critical Evaluation,” Metroeconomica, 37(2): 199–219.
This interpretation can also be found in some earlier works of Kalecki and has been endorsed by Cowling (1982). On this view markup pricing appears to be profit maximization under conditions of imperfect competition, in a trial-anderror disguise. There are two responses to this claim. First, a number of authors have pointed out that demand elasticities computed in empirical studies are inconsistent with this profit-maximizing interpretation of markup pricing. In particular, Koutsoyiannis (1984) found that for most industries the price-elasticity of demand is below one.
Determinants of the markup While Post Keynesians have long endorsed cost-plus pricing, mainstream economists have recently begun to make use of markup pricing. Mainstream authors using this rule of thumb usually point out that a markup over unit variable costs is consistent with profit maximization – the markup depends on the elasticity of demand and is set to equate marginal cost and marginal revenue. This interpretation can also be found in some earlier works of Kalecki and has been endorsed by Cowling (1982).