This book addresses the long absence of a satisfactory theory of macroeconomics. Keynesian theory is not consistent …

issues in the macroeconomic theory of different forms of open economies under differing degrees of dependency …

analysis: post Keynesian economics, Kaleckian analysis, neo-Ricardian theory, the neo-Austrian school, the Rational … of unresolved yet well-defined issues in monetary theory and policy, market structure and accumulation, and problems of … effective demand and the theory of distribution. The main purpose of Macroeconomic Theory is to identify areas of common ground …

This challenging book extends standard economic theory to take into account the presence of heterogeneity among … in explaining empirical phenomena than much of the existing theory. The result of this approach to economic theory which … abandon rigorous analysis. This important book will be welcomed by those interested in both macro and micro economic theory …

Axel Leijonhufvud has made a unique contribution to the development of macroeconomic theory. This volume draws together …

, D. and Tversky, A. (1979), 'Prospect theory: An analysis of decision under risk', Econometrica, 46, 263-91. -- Keynes, J ….M. (1936), The General Theory of Employment, Interest and Prices, London: Macmillan. -- Knabe, A., Rätzel, S., Schöb, R. and … United Kingdom, 1861-1957', Economica, 25, 283-99. -- Robinson, J. (1937), Essays in the Theory of Employment, Oxford …