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Despite its professed emphasis on the real world, the post Keynesian literature lacks a history of business cycle fluctuations in a particular economy. This is an extremely important oversight. Not only might such a study be useful to researchers, but students are anxious to acquire practical as...
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Paul Davidson's intermediate macroeconomics textbook, <i>Post Keynesian Macroeconomic Theory: A Foundation for Successful Economic Policies for the Twenty-First Century,</i> serves as an excellent introduction to the economics of Keynes. It opens with a rejection of Say's law, then works its way...
Persistent link: https://www.econbiz.de/10011094443
Despite its professed emphasis on the real world, the post Keynesian literature lacks a history of business cycle fluctuations in a particular economy. This is an extremely important oversight. Not only might such a study be useful to researchers, but students are anxious to acquire practical as...
Persistent link: https://www.econbiz.de/10010759882
One of the core premises of post Keynesianism is that a proper understanding of the macroeconomy demands a dynamic analysis set in historical time. The default tool of mainstream economics, the general equilibrium framework, cannot possibly capture such a world. The goal of this paper is to...
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