Keynes and Macroeconomics After 70 Years: Critical Assessments of the General Theory

L. Randall Wray & Mathew Forstater

Language: English

Publisher: Edward Elgar

Published: Sep 15, 2008

Description:

In this substantial new collection, esteemed Post-Keynesian scholars reassess the relevance of Keynes's The General Theory to a broad array of topic areas, ranging from the environment, investment finance, exchange rates, and socialism, as well as inquiries into general Post-Keynesian theory.

In response to the current economic crisis, many people looking for new solutions are excitedly re-discovering the Post-Keynesian tradition of money modeling and theory. This book offers a broad array of recent Post-Keynesian scholarship, providing a good contextual understanding of the current state of the field from which innovative money solutions are springing. Topics covered here include: Keynes and heterodox economics, the founding fathers of Post-Keynesian economics, Keynesian models, Keynesian policy, and the modern development and extensions of Keynesian economics.

Academics and practitioners eager for a solid heterodox approach to economics and money theory, the environment, finance, and political science will find the book an invaluable addition to their collection.

Review

'The book is strongly recommended for those interested in the continuing reception of Keynes's thinking.' -- John B. Davis, EH.NET

About the Author

Edited by L. Randall Wray, Professor of Economics, University of Missouri-Kansas City, US; Senior Scholar, Levy Economics Institute, US and Research Director, Centre for Full Employment and Price Stability, US and Mathew Forstater, Associate Professor of Economics and Director, Center for Full Employment and Price Stability, University of Missouri, Kansas City, US