Advanced introduction to post Keynesian economics

Description

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