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Keynes’s Third Alternative

Hardback

Keynes’s Third Alternative

The Neo-Ricardian Keynesians and the Post Keynesians

9781852783549 Edward Elgar Publishing
Amitava Krishna Dutt, Professor, Department of Economics and Faculty Fellow, University of Notre Dame, US and Edward J. Amadeo, Associate Professor, Department of Economics, Pontifical Catholic University of Rio de Janeiro, Brazil
Publication Date: January 1990 ISBN: 978 1 85278 354 9 Extent: 208 pp
This important new book – the first of its kind – provides a detailed analysis and critical appraisal of the neo-Ricardian Keynesians and the post Keynesians. After placing them in the context of modern schools of macroeconomics, it discusses their contributions including the neo-Ricardian synthesis of Sraffa’s ideas on the heterogeneity of capital goods and Keynes’s ideas on effective demand, and the post Keyensian analysis of the role of historical time, money and uncertainty in Keynes’s work. In conclusion, it suggests a synthesis of their views which could be seen as a starting point for an important challenge to mainstream economics.

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This important new book – the first of its kind – provides a detailed analysis and critical appraisal of the neo-Ricardian Keynesians and the post Keynesians. After placing them in the context of modern schools of macroeconomics, it discusses their contributions including the neo-Ricardian synthesis of Sraffa’s ideas on the heterogeneity of capital goods and Keynes’s ideas on effective demand, and the post Keyensian analysis of the role of historical time, money and uncertainty in Keynes’s work. In conclusion, it suggests a synthesis of their views which could be seen as a starting point for an important challenge to mainstream economics.
Critical Acclaim
‘Professors Dutt and Amadeo have produced a book that will serve as a useful introduction to some difficult and very confusing terrain in modern economics, namely, post Keynesian and neo-Ricardian economics.’
– Ali Al-Nowaihi, The Times Higher Education Supplement
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