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Post-Keynesian Economics


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Table of Contents

Contents: Preface 1. Essentials of Heterodox and Post-Keynesian Economics 2. Theory of Choice 3. Theory of the Firm 4. Credit, Money and Central Banks 5. Effective Demand and Employment 6. Accumulation and Capacity 7. Open-Economy Macroeconomics 8. Inflation Theory 9. Concluding Remarks Index

About the Author

Marc Lavoie, Professor of Economics, University of Ottawa, Canada and University of Paris 13, France


`I am delighted to have been invited to present a discussion of Marc Lavoie's Post-Keynesian Economics: New Foundations. I was contemplating whether to give my short review, `it's a brilliant book, you must buy it', or my longer and more considered review, `it's a brilliant book, you must buy it and I wish I had written it'! . . . it is a book every economist should have on his (or her) shelf, placed within easy reach.' -- John McCombie, European Journal of Economics and Economic Policies: Intervention
'This textbook by Lavoie is an updated version of his earlier work and deserves to be read by anyone who wants to understand alternative perspectives to neoclassical thinking. The references are varied and given readers a solid foundation for continuing their education in economics.' -- - R.H Scott, Choice
`This book is extremely informative on current Post-Keynesian views broadly defined. It does not advance the debate on the validity of the most characteristic Post-Keynesian ideas, but it usefully shows where agreement is strong, and where on the contrary (especially on income distribution, and on investment and growth) views are highly divergent and further research and debate are needed.' -- Fabio Petri, Review of Political Economy

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