This volume analyses Keynesian foundations of post-Keynesian economics, focusing on how uncertainty and liquidity revoke Say's law. It explains the key features of Michal Kalecki's analysis of a capitalist economy and examines his macroeconomics in the short-run. It also provides a brief...

These two volumes cover the principal areas to which Post-Keynesian economists have made distinctive contributions. The contents include the significant criticism by Post-Keynesians of mainstream economics, but the emphasis is on positive Post-Keynesian analysis of the economic problems of the...