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

current post-Keynesian structuralist theory with New Keynesian monetary thought. In conclusion, he develops an innovative … theory of banking based on Keynesian uncertainty and consistent with the horizontalist tradition taking into account credit …

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

In Finance, Investment and Macroeconomics, Myron J. Gordon advances a theory of finance and investment under … arrive at an alternative to the neoclassical theory of investment. Professor Gordon demonstrates that the extension of … neoclassical theory to deal with uncertainty and risk aversion is based upon a string of assumptions which are empirically false …

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 …