Includes bibliographical references (pages 261-298) and indexes.
First reactions to the General Theory -- An economist from Poland -- Generalizing the General Theory -- Those Cambridge controversies -- Outside Cambridge : the first US Post Keynesians -- Against the mainstream : Post Keynesian economics in the 1970s -- Economic heresy around the world -- Money and the monetarists -- Uncertainty, expectations and method -- Keynes, Kalecki, Sraffa : coherence? -- Post Keynesians and other deviants -- A promise that bounced?
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Arguing that post-Keynesian economics extended the discussion to questions neglected by Keynes and challenged orthodox macroeconomics, King (economics, La Trobe U., Australia) traces the development of post-Keynesianism from its origins in the 1930s to possible future developments. Along the way, he examines the challenges of the theory to the neoclassical paradigm of the 1970s, its ultimate failure to prevail, the differences between various schools of post-Keynesian theory, and relations with other economic theories. He treats the topic as solely an intellectual history, not discussing how political and social power may have affected the ability of one or the other economic theories to prevail. Annotation copyrighted by Book News, Inc., Portland, OR.