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Introduction to Post-Keynesian Economics Marc Lavoie
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To put things more simply (an oversimplification, but this is a blog post, after all), New Keynesianism (as with most other attachments of the word “New” to left/progressive terms in the 1980s and 1990s) was a defensive adjustment to the dominance of free market ideas such as new classical . There are more, but of all of them, #3 is the one I believe is key to the Keynesian economic philosophy and the one I think I have found an explanation as to why it is flawed. What Fullwiler has been arguing is completely consistent with Post keynesian literature of the last two decades, and various central bank economists, ECB and BIS. Introduction to Post-Keynesian Economics. Introduction.to.Post.Keynesian.Economics.pdf. Posted by Captain Capitalism at 11:58 AM .. If you believe in things like enjoying the decline. Post Keynesian economics textbooks are also available, and the following ones are important: Tarshis, Lorie. On the subject of Hicks' distortion of Keynes, there is a very good introduction in Steve Keen's 'Debunking Economics' (obviously a book a few years ahead of its time!) lark. It was the reason Galss-Steagal was introduced because of the counter-party risk inherant is debt, as well as any regulatory capture by debt merchants compromising debt repudiation.