Macroeconomics after Kalecki and Keynes: Post-Keynesian Foundations - Hardcover

Hein, Eckhard

Hardcover

ISBN 10: 1803927275 ISBN 13: 9781803927275

Publisher: Edward Elgar Publishing, 2023

Synopsis

Presenting an in-depth overview of the foundations and developments of post-Keynesian macroeconomics since Kalecki and Keynes, this timely book develops a comprehensive post-Keynesian macroeconomic model with the respective macroeconomic policy mix for achieving non-inflationary full employment.

The different versions of the model for closed and open economies are concerned with the key areas of macroeconomics, such as full employment, constant inflation and external balance. Eckhard Hein expertly illustrates how to embed these post-Keynesian macroeconomics and macroeconomic policies into the post-Keynesian research programme more generally, whilst also providing a review of its methods and historical roots. Furthermore, the book links post-Keynesian short-run macroeconomics to long-run distribution and growth theories. Finally, it applies these theoretical approaches to the current research on macroeconomic regimes and regime changes within finance-dominated capitalism and on the macroeconomic challenges of the ecological crisis and of the required socio-ecological transformation.

This book will be a crucial read for academics and graduate students interested in post-Keynesian macroeconomics. Providing a thought-provoking alternative to orthodox economic policies, this will also be of interest to policy advisers and politicians.

About this title

About the Author

Eckhard Hein, Professor of Economics, Institute for International Political Economy, Berlin School of Economics and Law, Germany

Edition details

• Publisher: Edward Elgar Publishing
• Publication date: 2023
• Language: English
• ISBN 10: 1803927275
• ISBN 13: 9781803927275
• Binding: Hardcover
• Number of pages: 382