by Summary:
Post Keynesians diverged from the mainstream when Hicks re-imagined Keynes as a marginalist. Defining features include an emphasis upon realism in modeling, behavior uncertainty, and an empirical and inductive approach to developing theory. In this brief lecture I cover the three modern strands of Endogenous Money, Stock-Flow Consistent Modeling, and Minsky’s Financial Instability Hypothesis
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Steve Keen considers the following as important:
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Post Keynesians diverged from the mainstream when Hicks re-imagined Keynes as a marginalist. Defining features include an emphasis upon realism in modeling, behavior uncertainty, and an empirical and inductive approach to developing theory. In this brief lecture I cover the three modern strands of Endogenous Money, Stock-Flow Consistent Modeling, and Minsky’s Financial Instability Hypothesis
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
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