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Teaching Post Keynesian Economics

Edited by Jesper Jespersen, Professor of Economics, Roskilde University, Denmark and Mogens Ove Madsen, Associate Professor of Economics, Aalborg University, Denmark
This book contends that post Keynesian economics has its own methodological and didactic basis, and its realistic analysis is much-needed in the current economic and financial crisis. At a time when the original message of Keynes’ General Theory is no longer present in most university syllabuses, this book celebrates the uniqueness of teaching post Keynesian economics, providing comparisons with traditional economic rationale and illustrating the advantages of post Keynesian pedagogy.
Extent: 256 pp
Hardback Price: £80.00 Web: £72.00
Publication Date: 2013
ISBN: 978 1 78254 699 3
Availability: In Stock
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  • Economics and Finance
  • Post-Keynesian Economics
  • Teaching Economics
This book contends that post Keynesian economics has its own methodological and didactic basis, and its realistic analysis is much-needed in the current economic and financial crisis. At a time when the original message of Keynes’ General Theory is no longer present in most university syllabuses, this book celebrates the uniqueness of teaching post Keynesian economics, providing comparisons with traditional economic rationale and illustrating the advantages of post Keynesian pedagogy.

Against a backdrop in which neo-classical textbooks prevail, the expert contributors demonstrate that Keynes and The General Theory possess indispensable insight that would furnish students with a clearer understanding of the world economy in which they live. They explore the teaching of post Keynesian economics from a number of different perspectives, covering topics such as open system theorizing, pluralism in teaching, rhetoric in the spirit of Keynes, uncertainty, expectations and money. A critique of mainstream and traditional economic textbooks is also provided.

This highly unique and fascinating book will provide an invaluable reference tool for teachers and researchers in post Keynesian economics, as well as their students.
Contributors: A. Asensio, V. Chick, A. Cottrell, A. Denis, S. Dow, J. Jespersen, M. Lavoie, B. Littleboy, M.O. Madsen, P.T. Madsen, M. Missaglia, F. Olesen, R.J. Rotheim, M.J. Salvagno
Contents:

Introduction
Jesper Jespersen and Mogens Ove Madsen

1. Teaching Post-Keynesian Economics in a Mainstream Department
Marc Lavoie

2. The Economist who Mistook his Model for a Market
Roy J. Rotheim

3. The Future is Open: On Open-system Theorising in Economics
Victoria Chick

4. Teaching Open-System Economics
Sheila Dow

5. Pluralism in Economics Education
Andy Denis

6. Truth and Beauty in Macroeconomics
Allin Cottrell

7. Rhetoric in the Spirit of Keynes: Metaphors to Persuade Economists, Students and the Public about Fiscal Policy
Bruce Littleboy

8. Teaching Macroeconomics: Seeking Inspiration from Paul Davidson
Finn Olesen

9. What About the Mainstream Critique of American Principles of Economics Textbooks?
Poul Thøis Madsen

10. Teaching Keynes’s Theory to Neoclassically Formed Minds
Angel Asensio

11. Neoclassical and Keynesian Macro Models: Thinking About the ‘Special Case’
Marco Missaglia

12. Economists on the 2008 Financial Crisis: Genuine Reflection; or Constructing Narratives to Reaffirm the Profession’s Authority?
Michael J. Salvagno

Index