Post Keynesian Economics Debt, Distribution and the Macro Economy [Paperback]

This book provides an important and original statement of Post Keynesian macroeconomic theory, focusing on the significance of privately created inside debts and income distribution for the determination of economic activity. The material is presented in a clear and accessible formatPreface - Introduction - The Emergence of Theoretical and Institutional Coherence in Post Keynesian Economics - The Principle of Effective Demand and the Keynesian Revolution in Equilibrium Economics - Aggregate Demand and Price Adjustment: Pigou Versus Fisher -Expected Aggregate Demand, the Production Period, and the Keynesian Theory of Aggregate Supply - Uncertainty and Expectations - The Endogenous Money Supply: Theory and Evidence -Endogenous Finance - Aggregate Demand and Finance: A Post Keynesian Short Period Macro Model - The Phillips Curve and Demand Pull Inflation - Cost-Push and Conflict Inflation - Debt, Aggregate Demand, and the Business Cycle - Competing Visions: A Post Keynesian Summing Up - IndexTHOMAS I. PALLEY