The Behavioural Economics of John Maynard Keynes

Microfoundations for the World We Live In

Ronald Schettkat, Professor of Economics (em.), Schumpeter School of Economics, University of Wuppertal, Germany

这s insightful book discusses the behavioral microfoundations of Keynes’ macroeconomic revolution derived from ‘casual’ observations but impressively substantiated by rigorous research in Behavioral Economics and neurology. Ronald Schettkat argues that Keynes’ macroeconomic insights are based on microeconomic fundamentals of the behavior of humans and markets in the monetary economy we live in.