Macroeconomics after Kalecki and Keynes: Post-Keynesian Foundations

This book provides a comprehensive post-Keynesian macroeconomic model with a macroeconomic policy mix for achieving non-inflationary full employment. It illustrates how to embed these post-Keynesian macroeconomics and policies into the post-Keynesian research program and links them to long-run distribution and growth theories. It is a crucial read for academics and graduate students interested in post-Keynesian macroeconomics, as well as policy advisers and politicians.

Format: Hardback
Length: 382 pages
Publication date: 17 January 2023
Publisher: Edward Elgar Publishing Ltd

Since the time of Kalecki and Keynes, post-Keynesian macroeconomics has undergone significant foundations and developments. In this timely book, Eckhard Hein presents a comprehensive post-Keynesian macroeconomic model that includes a macroeconomic policy mix aimed at achieving non-inflationary full employment. The model encompasses both closed and open economies, addressing key areas such as full employment, constant inflation, and external balance.

Hein expertly illustrates how to integrate these post-Keynesian macroeconomics and policies into the broader post-Keynesian research program, while also providing a review of its methods and historical roots. Furthermore, the book establishes a connection between post-Keynesian short-run macroeconomics and long-run distribution and growth theories. Finally, it applies these theoretical frameworks to current research on macroeconomic regimes and regime changes within finance-dominated capitalism, as well as the macroeconomic challenges posed by the ecological crisis and the need for socio-ecological transformation.

This book is a vital resource for academics and graduate students interested in post-Keynesian macroeconomics. It offers a thought-provoking alternative to orthodox economic policies and will be of interest to policy advisers and politicians alike. The comprehensive nature of the model and its application to real-world scenarios make it an essential read for anyone seeking to understand the complexities of modern macroeconomic theory and policy.

Weight: 818g
Dimension: 175 x 252 x 27 (mm)
ISBN-13: 9781803927275