As a core element in mainstream neoclassical theory we assume that economic agents behave rationally. They have full information about everything of economic relevance at present, as well as concerning the future. They either maximize their profit or their utility. Is the model of the rational...

This book contends that post Keynesian economics has its own methodological and didactic basis, and its realistic analysis is much-needed in the current economic and financial crisis. At a time when the original message of Keynes’ General Theory is no longer present in most university...

Contents: Introduction -- 1. Opportunities and challenges for Post-Keynesian economics? / Sheila Dow -- 2. Challenges for Post-Keynesian macroeconomics: A behavioural and structuralist perspective / Peter Skott -- 3. The microfoundation and autonomous agents: G.L.S. Shackle as a front-runner to...