Post-Keynesian Economics: New Foundations

Increasingly, students of economics are troubled by the disconnect between mainstream economics and the real world. This extensively revised and updated book presents post-Keynesian economics as a coherent heterodox alternative, grounded in realistic assumptions and the integration of the financial and real aspects of the economy. The emphasis is on the numerous paradoxes that arise in a truly macroeconomic analysis.

The book offers a comprehensive account of post-Keynesian theory and policy. It covers the methodological foundations, consumer theory and choice under fundamental uncertainty, the behavior of firms and pricing, the role of money and credit, the determinants of effective demand and employment, growth theory, open-economy issues, and the theory of inflation. The book also explores the connections between post-Keynesian economics and ecological economics.

Scholars of economics, particularly those with an interest in post-Keynesian and heterodox approaches, will find this book a necessary addition to their libraries. For students and instructors, it serves as an ideal text for any course on post-Keynesian economics.

The book's key features include its realistic assumptions, the integration of the financial and real sectors, and the emphasis on the many paradoxes that emerge from a comprehensive macroeconomic analysis. These elements distinguish post-Keynesian economics from the mainstream and offer a valuable alternative perspective on economic phenomena.

Overall, this book provides a thorough and up-to-date exploration of post-Keynesian economics, making it an essential resource for scholars, students, and anyone interested in understanding the complexities of the real-world economy.

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