Post Keynesian Theories Of The Firm
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Post Keynesian Theories Of The Firm
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Author : Nobantu L. Mbeki
language : en
Publisher: Taylor & Francis
Release Date : 2023-04-07
Post Keynesian Theories Of The Firm written by Nobantu L. Mbeki and has been published by Taylor & Francis this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-04-07 with Business & Economics categories.
Within Post-Keynesian economics there is a spectrum of approaches to theories of the firm but what they have in common, to their great benefit, is a proper integration of the concept of radical uncertainty: data that cannot be known. This book revisits Kalecki’s theory of the firm is located to show that it constitutes fertile theoretical ground on which to systematically understand the resultant indeterminacy when firms operate under conditions of radical uncertainty. The author proposes a way of generalising radical uncertainty by integrating some of the separate approaches within Post-Keynesian economics centred around Kalecki’s work. Through this, it is shown that radical uncertainty does more than just change the ultimate motivation of firms (dropping short-run profit maximisation; more complex motivation; interconnectivity with the environment), it is central to the emergence, existence and motivation of firms, and critically also firm strategy. It is argued that firms do not simply respond to uncertainty: it is the systematic cause of their intentional behaviour. Through developing these arguments, the book also contributes to the methodology of Kalecki and Shackle, as well as Kaleckian price theory. This book will be important reading for anyone interested in theories of the firm, Post-Keynesian economics and heterodox approaches to economics more broadly.
Post Keynesian Economics
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Author : Lavoie, Marc
language : en
Publisher: Edward Elgar Publishing
Release Date : 2022-05-13
Post Keynesian Economics written by Lavoie, Marc and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-05-13 with Business & Economics categories.
This visionary Research Handbook presents the state of the art in research on policy design. By conceiving policy design both as a theoretical and a methodological framework, it provides scholars and practitioners with guidance on understanding policy problems and devising accurate solutions.
Foundations Of Post Keynesian Economic Analysis
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Author : Marc Lavoie
language : en
Publisher: Aldershoot, England : E. Elgar
Release Date : 1992
Foundations Of Post Keynesian Economic Analysis written by Marc Lavoie and has been published by Aldershoot, England : E. Elgar this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with Business & Economics categories.
Argues that it is possible to construct a coherent alternative to neo-classical economics based on the contributions of post-Keynesian and neo-Ricardian economists. It identifies elements from various non-orthodox traditions that can be used to construct an alternative theoretical framework.
Advanced Introduction To Post Keynesian Economics
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Author : John Edward King
language : en
Publisher:
Release Date : 2015
Advanced Introduction To Post Keynesian Economics written by John Edward King and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with Economics categories.
Post Keynesianism offers an appealing alternative to the mainstream approach to economics, which makes this volume particularly welcome. John King draws on his expertise to provide a clear, accessible and cohesive overview. He explains how Post Keynesian economics is different from other schools of thought, including other 'Keynesianisms', emphasizing its distinctive methodology. King explores the nature and evolution of Post Keynesian ideas and spells out their relevance for current economic analysis and policy-making, using the crisis as a case study.' - Sheila Dow, University of Stirling, UK and University of Victoria, Canada 'John E. King's Advanced Introduction to Post Keynesian Economics provides a superb overview of this school of thought. It covers the main areas of contribution and distinguishes Post Keynesian economics both from orthodox economics and from other heterodox schools, in a clear and accessible way. In a time of increasing demand for relevance and pluralism in economics, this book will be extremely useful for students and young researchers interested in alternatives to current mainstream economics.' - Eckhard Hein, Berlin School of Economics and Law, Germany Elgar Advanced Introductions are stimulating and thoughtful introductions to major fields in the social sciences and law, expertly written by the world's leading scholars. Designed to be accessible yet rigorous, they offer concise and lucid surveys of the substantive and policy issues associated with discrete subject areas. This brief but comprehensive account of the Post Keynesian approach to economic theory and policy is ideal for advanced undergraduate and postgraduate students in economics, public policy and other social sciences. Clear, non-technical and with a strong policy focus, it will also appeal to all of those who are dissatisfied with mainstream economics and wish to explore the alternatives. John King sets out the distinctive features of Post Keynesian economics and their implications for the assessment of alternative proposals for domestic and international macroeconomic policy. He begins by outlining the core elements of Post Keynesian theory and explains how it differs from other schools, including the so-called 'Old Keynesian' and 'New Keynesian' theories. Subsequent chapters deal with the important methodological issues that distinguish the Post Keynesians from mainstream economists, in addition to their treatment of firms, workers and households, the analysis of economic growth and development, as well as international economics. The Post Keynesian approach to monetary and fiscal policy, incomes and the environment is also summarized, with particular attention being paid to controversies over austerity and the reform of the financial sector and international monetary system. The Global Financial Crisis of 2007-2008 is used as a case study to illustrate many of the significant theoretical and policy questions raised in previous chapters. The relationship between Post Keynesian and other branches of heterodox economics are explored, and the book concludes with a brief discussion of the future prospects for the Post Keynesian school.
The General Theory Of Employment Interest And Money
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Author : John Maynard Keynes
language : en
Publisher: Atlantic Publishers & Dist
Release Date : 2016-04
The General Theory Of Employment Interest And Money written by John Maynard Keynes and has been published by Atlantic Publishers & Dist this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-04 with Business & Economics categories.
John Maynard Keynes is the great British economist of the twentieth century whose hugely influential work The General Theory of Employment, Interest and * is undoubtedly the century's most important book on economics--strongly influencing economic theory and practice, particularly with regard to the role of government in stimulating and regulating a nation's economic life. Keynes's work has undergone significant revaluation in recent years, and "Keynesian" views which have been widely defended for so long are now perceived as at odds with Keynes's own thinking. Recent scholarship and research has demonstrated considerable rivalry and controversy concerning the proper interpretation of Keynes's works, such that recourse to the original text is all the more important. Although considered by a few critics that the sentence structures of the book are quite incomprehensible and almost unbearable to read, the book is an essential reading for all those who desire a basic education in economics. The key to understanding Keynes is the notion that at particular times in the business cycle, an economy can become over-productive (or under-consumptive) and thus, a vicious spiral is begun that results in massive layoffs and cuts in production as businesses attempt to equilibrate aggregate supply and demand. Thus, full employment is only one of many or multiple macro equilibria. If an economy reaches an underemployment equilibrium, something is necessary to boost or stimulate demand to produce full employment. This something could be business investment but because of the logic and individualist nature of investment decisions, it is unlikely to rapidly restore full employment. Keynes logically seizes upon the public budget and government expenditures as the quickest way to restore full employment. Borrowing the * to finance the deficit from private households and businesses is a quick, direct way to restore full employment while at the same time, redirecting or siphoning
A Modern Guide To Post Keynesian Institutional Economics
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Author : Whalen, Charles J.
language : en
Publisher: Edward Elgar Publishing
Release Date : 2022-04-19
A Modern Guide To Post Keynesian Institutional Economics written by Whalen, Charles J. and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-04-19 with Business & Economics categories.
This Modern Guide advances Post-Keynesian Institutional economics, an integrative tradition—inspired by keen economic observers such as John Kenneth Galbraith, Joan Robinson, and Hyman Minsky—that bridges Institutional and Post Keynesian economics. The tradition proved its worth by addressing the global financial crisis of 2007–2009, as well as by analyzing long-term trends accompanying the evolution of investor-driven (“money manager”) capitalism, including financialization, spreading worker insecurity, and rising inequality. The book begins with the history and contours of Post-Keynesian Institutionalism, and then breaks new ground, extending recent analyses of contemporary economic problems, sharpening concepts and methods, sketching new theories, and synthesizing ideas across research traditions.
Beyond Keynes Keynes Uncertainty And The Global Economy
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Author : Sheila C. Dow
language : en
Publisher:
Release Date : 2002
Beyond Keynes Keynes Uncertainty And The Global Economy written by Sheila C. Dow and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Competition categories.
This book should be welcomed by post Keynesian economists, microeconomists and those interested in international economics.
The Structure Of Post Keynesian Economics
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Author : G. C. Harcourt
language : en
Publisher: Cambridge University Press
Release Date : 2006-10-12
The Structure Of Post Keynesian Economics written by G. C. Harcourt and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-10-12 with Business & Economics categories.
This is a major contribution to post-Keynesian thought. With studies of the key pioneers - Keynes himself, Kalecki, Kahn, Goodwin, Kaldor, Joan Robinson, Sraffa and Pasinetti - G. C. Harcourt emphasizes their positive contributions to theories of distribution, pricing, accumulation, endogenous money and growth. The propositions of earlier chapters are brought together in an integrated narrative and interpretation of the major episodes in advanced capitalist economics in the post-war period, leading to a discussion of the relevance of post-Keynesian ideas to both our understanding of economics and to policy-making. The appendices include biographical sketches of the pioneers and analysis of the conceptual core of their discontent with orthodox theories. Drawing on the author's experience of teaching and researching over fifty years, this book will appeal to undergraduate and graduate students interested in alternative approaches to theoretical, applied and policy issues in economics, as well as to teachers and researchers in economics.
Post Keynesian Econometrics Microeconomics And The Theory Of The Firm
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Author : Sheila C. Dow
language : en
Publisher: Edward Elgar Publishing
Release Date : 2002
Post Keynesian Econometrics Microeconomics And The Theory Of The Firm written by Sheila C. Dow and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Business & Economics categories.
This is the first of two volumes celebrating Keynes' contribution to economics and the development of post-Keynesian economics in recent years. The book is divided into three sections, the first of which examines general issues, including investment, information, labour economics and monetary theory. In the second part, the discussion is extended to uncertainty and addresses the associated issues of rationality, trust and speculation. The third and final section focuses on international economics and considers the theory of comparative advantage, the fight against speculation in foreign exchange markets, Tobin's transactions and the Maastricht Treaty.
Post Keynesian Economics
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Author : Kenneth K. Kurihara
language : en
Publisher: Routledge
Release Date : 2013-10-08
Post Keynesian Economics written by Kenneth K. Kurihara and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-10-08 with Business & Economics categories.
This volume represents the extension of Keynes' General Theory by a group of eminent economists. Each essay takes Keynes' work as a frame of reference for criticism, explorations and insights, whilst adding to the superstructure on the foundation of the General Theory. The essays also provide the necessary sense of perspective with a view to examining the Keynesian contribution to economic thought and also the limitations of Keynesian economics. The international contributors include: Dudley Dillard, Martin Bronfenbrenner, Mabel F. Timlin, William S. Vickrey, Don Patinkin, Howard R. Bowen, Gerald M. Meier, R.C.O. Matthews, Shinichi Ichimura, Anatol Murad, Lawrence R. Klein, Shigeto Tsuru, Paul P. Streeten, Lorie Tarshis and Franco Modigliani.