The Irreconcilable Inconsistencies of Neoclassical Macroeconomics: A False Paradigm

The Irreconcilable Inconsistencies of Neoclassical Macroeconomics: A False Paradigm

by John Weeks

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Overview

The Irreconcilable Inconsistencies of Neoclassical Macroeconomics: A False Paradigm by John Weeks

In the course of this book it is argued that the loss of what is essentially "macro" in Keynes is the result of a preference for a form of equilibrium analysis that gives unqualified support to the ideology of free markets. In the case of Marx, his theory of exploitation and from this the stress on class struggle, led to an almost complete neglect of his contribution to the analysis of the aggregate demand and supply of commodities.

Product Details

ISBN-13: 9781138799158
Publisher: Taylor & Francis
Publication date: 07/17/2014
Edition description: Reprint
Pages: 330
Product dimensions: 6.00(w) x 1.25(h) x 9.00(d)

About the Author

John Weeks is Professor Emeritus and Senior Researcher at SOAS, University of London, UK

Table of Contents

Introduction Part 1: Methodology of the Neoclassical Macro Model 1. The Demand Side of the Neoclassical Model 2. The Neoclassical Model with a Supply Side 3. Comparative Statics and Equilibrium 4. Money in the Neoclassical Model Part 2: Paradigm Lost: The Basic Neoclassical Model 5. The Classical False Dichotomy Model 6. Logically Consistent Money-Neutral Models 7. The "Complete" Model with a Wealth Effect Part 3: A Critique of Self-Adjusting Full Employment 8. Neutrality and Full Employment 9. Expectations and Full Employment 10. Full Employment and Multi-Commodity Production 11. Full Employment and Disequilibrium Part 4: The "Open" Economy: Presentation and Critique 12. Introduction to "Open Economies" 13. The Neoclassical Open Economy 14. Reassessing Monetary and Fiscal Policy Part 5: Paradigm Regained: Reclaiming Policy 15. Neoclassical Inflation: The Keystone of Reactionary Macro Policy 16. Decommissioning Policy Tools 17. The Critique Summarized

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