Edward Elgar Publishing Keynes’s Third Alternative: The Neo-Ricardian Keynesians and the Post Keynesians (New Directions in Modern Economics series)

This important new book - the first of its kind - provides a detailed analysis and critical appraisal of the neo-Ricardian Keynesians and the post Keynesians. After placing them in the context of modern schools of macroeconomics, it discusses their contributions including the neo-Ricardian synthesis of Sraffa's ideas on the heterogeneity of capital goods and Keynes's ideas on effective demand, and the post Keyensian analysis of the role of historical time, money and uncertainty in Keynes's work. In conclusion, it suggests a synthesis of their views which could be seen as a starting point for an important challenge to mainstream economics. Review 'Professors Dutt and Amadeo have produced a book that will serve as a useful introduction to some difficult and very confusing terrain in modern economics, namely, post Keynesian and neo-Ricardian economics.' -- Ali Al-Nowaihi, The Times Higher Education Supplement About the Author Amitava Krishna Dutt, Professor, Department of Economics and Faculty Fellow, University of Notre Dame, US and Edward J. Amadeo, Associate Professor, Department of Economics, Pontifical Catholic University of Rio de Janeiro, Brazil