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Eladio Febrero, Maria-Angeles Cadarso, Ferran Portella-Carbó - Classical-Keynesian Approach to Macroeconomics, Inbunden

Inbunden, Engelska, 2026

Classical-Keynesian Approach to Macroeconomics

Growth, Production, and the Environment

Av Eladio Febrero, Maria-Angeles Cadarso, Ferran Portella-Carbó

Del i serien Routledge Frontiers of Political Economy

2564 kr

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Beskrivning
Presenting a robust alternative to mainstream economics, this book outlines a coherent Classical-Keynesian approach to economics – one grounded in the Classical theory of value, the Keynesian principle of effective demand, and the post-Keynesian perspective on money and finance.The chapters from an international cast of leading authors are arranged around five key topics: the Classical theory of production, prices, and income distribution; the Keynesian principle of effective demand and the supermultiplier; the Keynesian approach to monetary macroeconomics; Classical and Keynesian approaches to the history of economic thought; and input-output analysis of structural change and environmental issues. The chapters explore the dynamics of an advanced market economy, understood as a process organised according to the sequence: finance-production-distribution-spending and accumulation. It is demonstrated that in this process the economy does not gravitate around a full-employment position, that the level of activity, the composition of output, and employment are driven by growth engines located in the autonomous demand connected to output through the supermultiplier, and that money is not neutral and the growth engines require sustainable funding.This book will be essential reading for researchers in political economy, history of economic thought, economic theory, heterodox economics, and alternatives to the mainstream.
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Eladio Febrero is Associate Professor at the University of Castilla-La Mancha, Spain.Maria-Angeles Cadarso is Full Professor in the Department of Economics and Finance at the University of Castilla-La Mancha in Albacete, Spain.Ferran Portella-Carbó is Associate Professor of Economics at the University of the Balearic Islands, Spain.

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This volume on the Classical–Keynesian approach to macroeconomics is an impressive tribute to Óscar Dejuán, a fine scholar and friend, reflecting his intellectual orientation—especially his advocacy of the classical surplus approach and Keynes’s principle of effective demand—and the breadth of his interests in production theory, income distribution, economic development, the history of economic thought, and input–output analysis.Heinz D. Kurz, University of Graz, AustriaA well-deserved book in honour of a great scholar, whose contributions have influenced and impacted a great many academics, including young scholars. This book is an essential read, and is rich with contributions from both young and well established authors. The editors have done Óscar Dejuán proud, with this collection of remarkable articles. Well done.Louis-Philippe Rochon, Laurentian University, CanadaThis Festschrift is a very exciting book that reflects Dejuán’s interests in several fields, including the revival of the surplus approach, the role of aggregate demand, growth theory, input-output analysis, monetary policy, and the history of economic thought. On each of these topics, the book collects very appealing and innovative contributions. It will be a must for all students and scholars interested in a pluralistic approach to economic theory and policyAntonella Stirati, Roma Tre University, Italy

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