Macroeconomics
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€59.99
A01=Amit Bhaduri
Author_Amit Bhaduri
Category=KCB
effective demand theory
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international macroeconomic relations
Marxian macroeconomics
monetary policy critique
post-Keynesian economics
radical political economy analysis
wage price relations
Product details
- ISBN 9780873323604
- Weight: 453g
- Dimensions: 138 x 216mm
- Publication Date: 14 Feb 1986
- Publisher: Taylor & Francis Inc
- Publication City/Country: US
- Product Form: Paperback
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The climate of opinion among economists recently seems to have shifted in favour of the view that the Keynesian style of economic management does not work in industrial capitalism. This has provided an opportunity for various related doctrines like 'monetarism' and 'supply-side economies' to surface as contending views. They argue that the Keynesian view of economic management is theoretically defective and a better alternative is to rely less on economic intervention by the State and more on the market mechanism. This textbook brings into focus the radical content of Keynesianism by concentrating on the common macroeconomic tradition of Marx, Kalecki and Keynes. It shows how Marx's method of analysis in terms of 'historical categories' naturally leads to an analysis of capitalist commodity production under the principle of effective demand.
