Think further >> Teaching materials >> Economic approaches >> Post Keynesian economics
Post Keynesians generally disagree with New Keynesianism, which is the clean-scrubbed version of Keynes' ideas taught in most mainstream economics. According to Keynes' biographer Lord Robert Skidelsky, the post-Keynesians have remained closest to the spirit of Keynes' original work. They argue that markets do not lead to full employment, that the main driver of the economy is effective demand. Hyman Minsky, a famous Post-Keynesian, was one of the few economists whose theory effectively predicted the 2008 financial crisis.
Start with:
- The handbook on Post Keynesian economics.
- Our interview with Lord Skidelsky at the University of Amsterdam, in which he explains the continued relevance of the ideas of Keynes.
- Exploring economics.
Or scroll down to find more materials.
Uploaded by Bishop Carroll Social Studies on 2015-03-03.
John Maynard Keynes was arguably the greatest economist of the 20th century. He discovered the idea that governments should stimulate demand during economic downturns - and was the creator of both the IMF and the World Bank. His ideas continue to underpin a lot of the modern economic system.
Interview of Robert Skidelsky by Sam de Muijnck (Chairman Rethinking Economics NL) in Amsterdam.
Subscribe to our channel: http://www.youtube.com/user/econstories If you enjoyed this video, you should watch this one next: http://youtu.be/Mq2iQAsJAhI Produced by Emergent Order. Visit us at http://www.emergentorder.com. Econstories.tv is a place to learn about the economic way of thinking through the eyes of creative director John Papola and creative economist Russ Roberts.
This talk will address the question "Marx or Keynes?" It will feature David Harvey, Distinguished Professor at the City University of New York (CUNY); Prabhat Patnaik, Professor of Economics at Jawaharlal Nehru University, New Delhi; Duncan Foley, Leo Model Professor of Economics at The New School for Social Research; and Perry Mehrling, Professor of Economics at Barnard College.
Piero Sraffa's classic work Production of Commodities by Means of Commodities has been variously interpreted as a special case of modern neoclassical general equilibrium or a foundation stone for the revival of the classical tradition of Smith and Ricardo.
As well as highlighting the limitations of the mainstream, Rethinking Economics aims to take an active role in promoting alternatives. In this session, Engelbert Stockhammer of Kingston University introduces one of the disciplines under-represented in the current curriculum: Post-Keynesian Economics.
Speaker: Professor Lord Skidelsky Chair: Professor Mary Kaldor This event was recorded on 7 October 2009 in Old Theatre, Old Building Robert Skidelsky is Emeritus Professor of Political Economy at the University of Warwick.
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Findings: Theoretical approaches
Materials: Real world economics