Post-Keynesian Economics
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Post-Keynesian Economics

New Foundations

Marc Lavoie

The book is a considerably extended and fully revamped edition of the highly successful and frequently cited Foundations of Post-Keynesian Economic Analysis, published in 1992. It provides an exhaustive account of post-Keynesian economics and of the developments that have occurred in post-Keynesian theory and in the world economy over the last twenty years. Topics covered include open-economy issues, the methodological foundations of heterodox economics, consumer theory, firms and pricing, money and credit, effective demand and employment, inflation theory, and growth theories.
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Chapter 9: Concluding remarks

Marc Lavoie

Extract

I hope to have shown that post-Keynesian economics, with the addition of works made by members of other heterodox schools of thought, is a progressive research programme. Post-Keynesian economists are not forever dwelling on the past writings of Keynes or other founders of the post-Keynesian School; nor are they providing criticisms only of orthodox economics.

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