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, such as interest targeting by central banks or constant average variable costs in manufacturing and services

Autorentext
MARC LAVOIE is Professor in the Department of Economics at the Univeristy of Ottawa, Canada. He has been Visiting Professor at Curtin University, Australia, and at the univeristies of Bordeaux, Grenoble, Lille, Limoges, Nice, Rennes, Paris-1 and Paris-13. His main research areas are in post-Keynesian and monetary economics. He has written over 130 journal articles or book chapters as well as authoring Foundations of Post-Keynesian Economics. He is also co-editor of Central Banking in the Modern World.

Inhalt
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