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An introduction to post-Keynesian economics

Record Type:	Electronic resources : Monograph/item
Title/Author:	An introduction to post-Keynesian economics/ Marc Lavoie.
Author:	Lavoie, M.
Published:	Basingstoke :Palgrave Macmillan, : 2009.,
Description:	xiv, 164 p. :ill. ; : 22 cm.;
Notes:	Previous ed.: 2006.
Subject:	Economics. -
Online resource:	access to fulltext (Palgrave)
ISBN:	9780230235489

An introduction to post-Keynesian economics
Lavoie, M.

An introduction to post-Keynesian economics[electronic resource] /Marc Lavoie. - Rev. ed. - Basingstoke :Palgrave Macmillan,2009. - xiv, 164 p. :ill. ;22 cm.

Previous ed.: 2006.

Includes bibliographical references and index.

Introduction -- The Post-Keynesian Heterodoxy -- Heterodox Microeconomics -- A Macroeconomic Monetary Circuit -- The Short-Period: Effective Demand and the Labour Market -- The Long-Period: Oldand New Growth Models -- General Conclusion.

The entire world has been facing the so-called subprime crisis b6 sa crisis that first hit banks and other financial institutions throughchanges in the real estate market, and later spread to the stock market and the real economy. The chapters in this revised volume help to understand the recent events that attributed to the financial crisis. The book also includes a new postface, which provides a thorough examination on how post-Keynesian theory relates to the subprime financial crisis.This book offers an accessible introduction to post-Keynesian economics, showing that there is an alternative to neoclassical economics and its free-market economic policies. Post-Keynesian economicsis founded on realistic assumptions and stylized facts, such as interest targetingby central banks or constant average variable costs in manufacturing and services. The author shows how these more realistic foundations giverise to macroeconomic implications that are entirely different from those ofreceived wisdom with regards to employment, output growth, inflation and monetary theory. For instance, the author demonstrates that higher minimum wages or real wages can increase both labour employment and the corporate profit rates, and that faster output growth need not lead to higher inflation.

Electronic reproduction.
Basingstoke, England :
Palgrave Macmillan,
2010.

Mode of access:World Wide Web.

ISBN: 9780230235489

Standard No.: 10.1057/9780230235489doiSubjects--Topical Terms:

131178
Economics.
Index Terms--Genre/Form:

96803
Electronic books.

LC Class. No.: HB99.7 / .L353 2009

Dewey Class. No.: 330.156

An introduction to post-Keynesian economics
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505 0 $a Introduction -- The Post-Keynesian Heterodoxy -- Heterodox Microeconomics -- A Macroeconomic Monetary Circuit -- The Short-Period: Effective Demand and the Labour Market -- The Long-Period: Oldand New Growth Models -- General Conclusion.
520 $a The entire world has been facing the so-called subprime crisis b6 sa crisis that first hit banks and other financial institutions throughchanges in the real estate market, and later spread to the stock market and the real economy. The chapters in this revised volume help to understand the recent events that attributed to the financial crisis. The book also includes a new postface, which provides a thorough examination on how post-Keynesian theory relates to the subprime financial crisis.This book offers an accessible introduction to post-Keynesian economics, showing that there is an alternative to neoclassical economics and its free-market economic policies. Post-Keynesian economicsis founded on realistic assumptions and stylized facts, such as interest targetingby central banks or constant average variable costs in manufacturing and services. The author shows how these more realistic foundations giverise to macroeconomic implications that are entirely different from those ofreceived wisdom with regards to employment, output growth, inflation and monetary theory. For instance, the author demonstrates that higher minimum wages or real wages can increase both labour employment and the corporate profit rates, and that faster output growth need not lead to higher inflation.
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