Microeconomics After Keynes: Post Keynesian Economics and Public Policy

Steven Pressman

10 citations0/0 files storedAmerican Journal of Economics and Sociology

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Economic Theory and Policy Political Economy and Marxism Economic Theory and Institutions

Abstract

Abstract Post Keynesian economics has mainly focused on macroeconomic issues and ignored microeconomic policy issues. This paper begins to remedy this gap. It outlines the main principles of the Post Keynesian approach, distinguishes them from neoclassical economics, explains how these principles can be applied to microeconomic issues, and then draws out some policy implications that differ markedly from neoclassical theory on the issues of health care and productivity growth.

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1936The General Theory of Employment, Interest and Money.1921Risk, Uncertainty and Profit 2003UNCERTAINTY AND THE WELFARE ECONOMICS OF MEDICAL CARE 2005Happiness: Lessons from a New Science 1972Essays in the Theory of Risk-Bearing.1999How the Mind Works 1997Social capital, income inequality, and mortality.1966Allocative efficiency vs. X-Efficiency

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