Advanced introduction to post Keynesian economics

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Author(s): J. E. King
Series: Elgar advanced introductions
Publisher: Edward Elgar Publishing
Year: 2015

Language: English
City: Cheltenham, UK

Contents
Acknowledgements
1 Introduction
2 The core of Post Keynesian economics
Six core propositions
The "fundamentalist Keynesians"
The Kaleckians
Hyman Minsky and the financial instability hypothesis
One school or three?
References
3 What Post Keynesian macroeconomics is not
Pre-Keynesian macroeconomics
Old Keynesian macroeconomics
Monetarism
New Classical economics
New Keynesian macroeconomics
The New Neoclassical Synthesis
Some history
References
4 Some methodological issues
Why bother with methodology?
Questions of ontology
Pluralism and the Post Keynesians
Formalism: mathematics and econometrics
The microfoundations delusion
References
5 Post Keynesian microeconomics
A methodological prelude
The Post Keynesian firm
The labour market
The consumer and the household
The economics of welfare
One final question
References
6 Economic growth, development and the world economy
The Harrod growth model
Some complications
Economic development
International economics
Some methodological conclusions
References
7 Why it all matters: economic policy
Post Keynesian politics
Monetary policy
Fiscal policy
Prices and incomes policy
International economic policy
Environmental policy
References
8 A case study: the Global Financial Crisis
Minsky revisited
Financialization in practice and theory
The Global Financial Crisis: "made in America"
What have we learned? I: economists against austerity
What have we learned? II: the need for definancialization
Three final lessons
References
9 Post Keynesians and other schools of thought
Orthodoxy and heterodoxy
Marxian and Sraffian political economy
lnstitutionalism and evolutionary economics
Feminists and ecological economics
Behavioural economics, complexity and Austrian economics
Pluralism reconsidered
References
10 Some final questions
References
Index