Modern Macroeconomics

Originally published in 1988, this book combines a systematic exposition of post-Keynesianism analysis with an account of its historical development. The role of major figures like Keynes and Sraffa in the development of the theory is closely detailed but the book also gives equal emphasis to Kaldor and the neglected Italian school. The theoretical implications of post-Keynesianism are outlined and challenging arguments for its importance are presented.