The 'Uncertain' Foundations of Post-Keynesian Economics: Essays in Exploration
Making a vital contribution to the theory of the firm, Stephen Dunn, a well respected up and coming scholar, introduces, analyzes and takes forward a ... Show synopsis Making a vital contribution to the theory of the firm, Stephen Dunn, a well respected up and coming scholar, introduces, analyzes and takes forward a Post-Keynesian theory of the firm. This book makes a positive contribution to the development of Post-Keynesian economics. It: refutes allegations of incoherence details the salient implications of a transmutable conception of economic processes explores the implications of this for how Post-Keynesians conceptualise uncertainty. Locating the distinctive Post-Keynesian view of time (a non-deterministic, nonergodic, open systems process) as a core and defining characteristic that is linked to its theoretical discussion of money and the principle of effective demand Dunn clarifies the relationship between other schools of thought such as Institutionalists, Sraffians and Austrians and recognizes the limits of Keynes. This book is a valuable resource for students and researchers working and studying in the fields of economics microeconomics and finance.