Fears of deflation and long-term stagnation have become more commonplace since the Great Recession. Yet, within the mainstream, economists are divided into two camps: those who see the benefits of downward wage and price adjustment, as a private sector stabilizer, and those who fear deflationary...

Sidney Weintraub (1914-1983) was an American economist who spent most of his career at the University of Pennsylvania. A distinguished economic theorist (and the author's father), he was a co-founder of the Journal of Post Keynesian Economics, and the leading figure in the US in the early years...

Sidney Weintraub (1914-1983) was an American economist who spent most of his career at the University of Pennsylvania. A distinguished economic theorist (and the author's father), he was a co-founder of the Journal of Post Keynesian Economics, and the leading figure in the US in the early years...

This paper provides a brief introduction to post-Keynesian economics. Post-Keynesians are sceptical of the usefulness of the equilibrium method, and favour an approach based on path-determined models with, due to the influence of uncertainty on economic decisions, an important role assigned to...

This is an early attempt to work towards a Feminist Post Keynesian approach to economics (2005). The paper refers to previous literature in this direction, and offers additional theoretical explorations for Post Keynesians, Feminist economists, and institutionalists. The paper discusses money,...

Sidney Weintraub (1914 - 1983) was an American economist who spent most of his career at the University of Pennsylvania. A distinguished economic theorist (and the author’s father), he was a co‐founder of the Journal of Post Keynesian Economics, and the leading figure in the US in the early...

Post Keynesian theory as opposed to Walrasian theory does not provide the foundations for a unique general equilibrium but claims the existence of multiple equilibrium positions. In this article, such a multiple of equilibrium positions is explained by different market constellations which are...

Dem neu-keynesianischen langfristigen Gleichgewichtskonzept einer durch Strukturfaktoren des Arbeitsmarktes, der Lohnverhandlungen und der sozialen Sicherungssysteme bestimmten inflationsstabilen Arbeitslosenquote (NAIRU) wird in diesem Beitrag eine post-keynesianische Interpretation der NAIRU...

Assessing the effects of monetary policy and wage bargaining on employment and inflation in the European Monetary Union (EMU), in the first step a Post-Keynesian competitive claims model of inflation with endogenous money is developed. In this model the NAIRU is considered to be a short-run...

The theory of endogenous money supply forms one of the cornerstones of Post Keynesian economics. It has been developing rapidly during the last twenty years, but is still neglected as a theoretical background for practical central bank policy. This may be (among other reasons) due to the...