Students in economics are ever more distressed by the disconnect between mainstream
economics and the real world. This book shows how post-Keynesian economics
constitutes a coherent heterodox alternative, based on realistic assumptions and the
integration of the financial and real sides of the economy, with an emphasis on the
many paradoxes that arise in a truly macroeconomic analysis. The book is a
considerably revised and updated version of the widely used and frequently cited
2014 edition, which won the EAEPE Myrdal Prize (now the Joan Robinson Prize).