Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/202936
Authors: 
Skott, Peter
Year of Publication: 
2018
Series/Report no.: 
Working Paper No. 2018-03
Abstract: 
Post-Keynesian macroeconomics faces several challenges. The labor market and the supply side, Örst, have not been getting the attention that they deserve in post-Keynesian growth theory. The failings of the Lucastype ímicroeconomic foundationsí, second, must not lead to a neglect of microeconomic behavior. Convincing macroeconomic theories must recognize and address the connections between macroeconomic relations and the microeconomic behavior whose aggregate manifestation the relations represent. Microeconomic behavior, third, takes place within an institutional structure that shapes economic behavior and economic outcomes. Macroeconomic theory must be both behavioral and structuralist.
Subjects: 
Neo-Pasinetti theorem
mature economy
induced technical change
autonomous demand
instability
goal orientation
JEL: 
E12
Document Type: 
Working Paper

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