Type(s) de contenu et mode(s) de consultation : Texte noté : électronique

Auteur(s) : Lavoie, Marc  Voir les notices liées en tant qu'auteur

Titre(s) : An introduction to post-Keynesian economics [Texte électronique] / Marc Lavoie

Édition : Rev. ed

Publication : Basingstoke : Palgrave Macmillan, 2009

Description matérielle : 1 online resource (xiv, 164 pages)

Note(s) : The entire world has been facing the so-called subprime crisis ₆ a crisis that first hit banks and other financial institutions through changes in the real estate market, and later spread to the stock market and the real economy. The chapters in this revised volume help to understand the recent events that attributed to the financial crisis. The book also includes a new postface, which provides a thorough examination on how post-Keynesian theory relates to the subprime financial crisis. This book offers an accessible introduction to post-Keynesian economics, showing that there is an alternative to neoclassical economics and its free-market economic policies. Post-Keynesian economics is founded on realistic assumptions and stylized facts, such as interest targeting by central banks or constant average variable costs in manufacturing and services. The author shows how these more realistic foundations give rise to macroeconomic implications that are entirely different from those of received wisdom with regards to employment, output growth, inflation and monetary theory. For instance, the author demonstrates that higher minimum wages or real wages can increase both labour employment and the corporate profit rates, and that faster output growth need not lead to higher inflation.

Sujet(s) : Économie politique  Voir les notices liées en tant que sujet
Keynésianisme  Voir les notices liées en tant que sujet
Macroéconomie  Voir les notices liées en tant que sujet

Identifiants, prix et caractéristiques : ISBN 9780230235489

Identifiant de la notice  : ark:/12148/cb443490267

Notice n° :  FRBNF44349026 (notice reprise d'un réservoir extérieur)

Table des matières : Introduction -- The Post-Keynesian Heterodoxy -- Heterodox Microeconomics -- A Macroeconomic Monetary Circuit -- The Short-Period: Effective Demand and the Labour Market -- The Long-Period: Old and New Growth Models -- General Conclusion.