Post-Keynesian theory revisited: money, uncertainty and employment

With its emphasis on the centrality of fundamental uncertainty and the resulting desire for liquid assets, post-Keynesian economics offers important insights into understanding how modern economies work, placing money and banking at their heart, exactly as any realistic account would do.<br>&l...

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Bibliographic Details
Main Author: Iannizzotto, Matteo 1968- (Author)
Format: Electronic eBook
Language:English
Published: Newcastle upon Tyne Agenda Publishing 2023
Edition:First edition
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Online Access:BSB01
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Summary:With its emphasis on the centrality of fundamental uncertainty and the resulting desire for liquid assets, post-Keynesian economics offers important insights into understanding how modern economies work, placing money and banking at their heart, exactly as any realistic account would do.<br><br>In this advanced introduction, Matteo Iannizzotto revisits the contributions of post-Keynesian ideas to such central issues as the inescapable condition of uncertainty in economic decisions, the theory of liquidity preference, effective demand, endogenous money supply, and the financial instability hypothesis. In each case, the author traces the foundations in the work of Keynes and presents the strength of post-Keynesian ideas of later authors like Kaldor, Minsky and Weintraub in comparison with the corresponding models of mainstream economics and shows their greater explanatory power particularly in the light of the recent global financial crisis
Item Description:Title from publisher's bibliographic system (viewed on 08 Jan 2024)
Physical Description:1 Online-Ressource (xiii, 137 Seiten)
ISBN:9781788211505
DOI:10.1017/9781788211505

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