PPT-Introduction to Post Keynesian Economics

Introduction Post Keynesian Economics and Political Economy Kingston 2015 Engelbert Stockhammer Kingston University Outline Foundations Fundamental uncertainty Social conflict Effective demand. Neoclassical . Economics. Steve Keen. Kingston University London. IDEAeconomics. Minsky Open Source System Dynamics. www.debtdeflation.com/blogs. What is Heterodox Economics?. According to . Diane . Coyle. Malcolm Sawyer. University of Leeds. Introduction. Heterodox macroeconomics includes what may be termed Post-Keynesian and . Kaleckian. macroeconomics . Reading:. M. Sawyer, ‘. T. he central core of heterodox macroeconomics. Steve Keen. Kingston University London. IDEAeconomics. Minsky Open Source System Dynamics. www.debtdeflation.com/blogs. What is Post Keynesian Economics?. According to . Diane . Coyle. , one of the authors of the . Summer session I. Appendix . ch. 24 + other sources. Macroeconomic Schools of Thought . Philosophical Debates in Economics. Consider a riddle:. “A man and his son are driving to a championship football game. It is late December and the roads are covered with snow. They hit a patch of ice and crash into a telephone pole. An ambulance rushes the son to a nearby hospital and operating room. The doctor walks in and says, “I can’t operate, that’s my son.” How could this be true?”. Post-Autistic Economics Review, This version was published in: Economics in the Shadows of Darwin and Marx: Essays on Institutional and Evolutionary Edward Elgar, Cheltenham, 2006, ch. 7. Review AD articles. Introduction to two schools of economics. - Introduction to IAs – Week of 23 March. Are you a monetarist or a Keynesian?. Workpoint. . 14.6 (p. 179. ) - AD. 2. Explain why “Germany’s high-end capital goods are especially sought-after in booming emerging countries.”. and the . Historical . Development of Macroeconomics. The Historical Evolution . of Macroeconomics. The Great Depression . and . Macroeconomics. The Great Depression exerted a huge impact . on macroeconomics. Engelbert. Stockhammer. Kingston University. Outline. Foundations. Fundamental uncertainty. Social conflict. Effective demand. Macroeconomics. Investment . →. savings. Involuntary unemployment. Credit . Monetarists vs. Keynes. Friedman and the Monetarist View. We can imagine a “market” for money…. --money demand depends on income (mostly) and on interest rates (slightly). --money supply affects spending directly:. Laibson. & List, 2015). Definition. Introduction to Behavioral Economics. www.EconEdLink.org . 2. System 1 – “operates automatically and quickly, with little or no effort and no sense of voluntary control.”. Macroeconomics. David Colander. Middlebury College. 1. “Today, if you ask a mainstream economist a question about almost any aspect of economic life, the response will be: suppose we model that situation and see what happens.” (Solow, 1997, 90). flourishing. Dr. John Barry. j.barry@qub.ac.uk. Background. Imagining an economics...and life... beyond orthodox growth. “. questioning growth is deemed to be the act of lunatics, idealists and revolutionaries. Introduction to AWS Economics May 2015 Page 3 of 15 ContentsH6/5249F-/01/2345/6V1W3/6569/2655/6695x4 3 6/2345/695A/94943/A245/6B499//G40449F9//99/42064-/66-//x4 3 68/9/25A-4/65-/3/29//92/6x/ 3x 000-- Week -1. Prepared by: Dr . Waqar. Ahmad, . Asstt. . Prof.. Learning Objectives. What is Economics?. What is managerial Economics?. To analyze the concept of economics- scarcity and efficiency?. Micro Economics and macro economics?.