Titlebook: Introduction to Post-Keynesian Economics; Marc Lavoie Book 2009 Palgrave Macmillan, a division of Macmillan Publishers Limited 2009 econom

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The Long Period: Old and New Growth Models,as Robinson and Kaldor. The main purpose of these early models was to explain the distribution of income, more specifically the profit rate, for a given growth rate, without falling back on the standard neoclassical theory of marginal productivity.

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General Conclusion,ided it is buttressed by the state and democratic institutions capable of addressing its shortcomings and its excesses, in particular when it comes to income distribution and the provision of public services and public infrastructures to all strata of society.

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A Macroeconomic Monetary Circuit,hin the context of a macroeconomic explanation of the monetary circuit. This is why it is preferable to start with the monetary dimension of macroeconomics before we proceed to an explanation of employment and growth.

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The Long Period: Old and New Growth Models,as Robinson and Kaldor. The main purpose of these early models was to explain the distribution of income, more specifically the profit rate, for a given growth rate, without falling back on the standard neoclassical theory of marginal productivity.