Advanced Introduction to Post Keynesian Economics

Elgar Advanced Introductions series

J.E. King, Emeritus Professor, La Trobe University, Australia and Honorary Professor, Federation University Australia

This brief but comprehensive account of the Post Keynesian approach to economic theory and policy is ideal for advanced undergraduate and postgraduate students in economics, public policy and other social sciences. Clear, non-technical and with a strong policy focus, it will also appeal to all of those who are dissatisfied with mainstream economics and wish to explore the alternatives.

‘The Elgar Advanced Introduction series is a very good idea and fills a real gap in the literature. John King is an excellent choice as the author of the Post Keynesian volume. In past work he has explained his preference for a Kalecki–Keynes–Marx synthesis in economy theory. He is no ideologue, however, and all the different strands of Post Keynesianism get a fair hearing. It is also made clear what Post Keynesian economics is not – almost anything called “Keynesian” in the standard textbooks.’
– John Smithin, York University, Canada

‘Post Keynesianism offers an appealing alternative to the mainstream approach to economics, which makes this volume particularly welcome. John King draws on his expertise to provide a clear, accessible and cohesive overview. He explains how Post Keynesian economics is different from other schools of thought, including other “Keynesianisms”, emphasizing its distinctive methodology. King explores the nature and evolution of Post Keynesian ideas and spells out their relevance for current economic analysis and policy-making, using the crisis as a case study.’
大学——希拉道Stirling, UK and University of Victoria, Canada

‘Advanced Introduction to Post Keynesian Economics is vintage John King. Written with his usual clarity, thoroughness and hard-headedness, he takes his readers systematically through the structure of Post Keynesian economics, its approach to the central issues and problems that face the modern inter-related world economy, and the implication for policy. King places Post Keynesianism in historical and analytical context, compares and contrasts its characteristics with other heterodox approaches, as well as to that of the mainstream. He honestly sets out limitations and realistically assesses its likely future and influence. The volume is a tour de force, as is to be expected of an author who has made fundamental contributions to many different areas over his long and productive working life.’
– G.C. Harcourt, University of New South Wales, Australia

‘John E. King’s Advanced Introduction to Post Keynesian Economics provides a superb overview of this school of thought. It covers the main areas of contribution and distinguishes Post Keynesian economics both from orthodox economics and from other heterodox schools, in a clear and accessible way. In a time of increasing demand for relevance and pluralism in economics, this book will be extremely useful for students and young researchers interested in alternatives to current mainstream economics.’
– Eckhard Hein, Berlin School of Economics and Law, Germany

‘John E. King, who is well known for his book on the history of post-Keynesian economics (King 2002), addresses his topic from different angles, allowing him to draw a very comprehensive and versatile picture of post-Keynesianism. After a short introduction, his second chapter deals with six core propositions of post-Keynesian economics. . .This is extremely helpful for people who have a fair mastery of economics but only know the simple textbook representations of Keynesian economics. King concludes with a chapter highlighting similarities and differences between post-Keynesians and other schools of thought.’
– Torsten Niechoj, European Journal of Economics and Economic Policies: Intervention