RECONSTRUCTING KEYNESIAN ECONOMICS WITH IMPERFECT COMPETITION: A Desk-Top Simulation - Hardcover

Marris, Robin

Hardcover

ISBN 10: 1852785411 ISBN 13: 9781852785413

Publisher: Edward Elgar Publishing Ltd, 1991

Synopsis

This path-breaking book - written by a leading economist - is certain to create controversy and will lead to a fundamental reassessment of Keynesian economics. Building on his previous work on modern capitalism, Robin Marris has made an important theoretical advance which will have a major impact on the economics profession.

The book has four main aims. The first is a piece of intellectual surgery - to replace an Achilles heel in the Keynesian theory of aggregate demand and in so doing help to reduce confusion concerning the relation in Keynesian economics between employment and the real wage. The second is to support the revised theory with an economic model based on a rich, user friendly microcomputer simulation which is included free with the book. The third is to apply the model to the macroeconomic problems of the industrialized market economies in the 1970s, 80s and beyond. And finally, Robin Marris embellishes the narrative with a personal view of the relationships between Cambridge economists which sheds new light on the intellectual history of the Keynesian revolution.

A brilliant and fascinating tour de force, the book is likely to provoke extreme reactions of hostility or admiration either way it advances an argument that no serious economist can afford to ignore.

About this title

About the Author

The late Robin Marris, formerly Emeritus Professor of Economics, Birkbeck College, London University, UK

Edition details

• Publisher: Edward Elgar Publishing Ltd
• Publication date: 1991
• Language: English
• ISBN 10: 1852785411
• ISBN 13: 9781852785413
• Binding: Hardcover
• Number of pages: 352