Moore on Post-Keynesian Macroeconomics
A Review
Bibliographic Data
| ID | 14844370 |
|---|---|
| Authors | Steven Pressman (0009-0000-0398-8024, West Long Branch, Monmouth University, New Jersey, corresponding author) |
| Year | 2006 |
| Volume | 35 |
| Issue | 3 |
| Pages | 89-98 |
| Publication date | 2006-09-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | International Journal of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0891-1916 • E-ISSN: 1558-0970 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.2753/ijp0891-1916350305 |
| OpenAlex | W2002984235 |
| Language | EN |
| References cited | 11 |
Shaking the Invisible Hand (Moore 2006) is the newest textbook-like introduction to post-Keynesian economics. It follows in the tradition of Arestis (1992), Chick (1983), Davidson (1994), Kregel (1973), Lavoie (1992), Palley (1996), and Reynolds (1987) seeking to present post-Keynesian ideas clearly, in a way that can help educate graduate students and advanced undergraduate students. It is also geared to post-Keynesian scholars, who can learn a good deal from a serious reading of this book. Moore's addition to the literature on post-Keynesian macroeconomics is superior to the alternatives for several reasons. First, it is more up-to-date than the works published in the 1980s and 1990s. Second, instead of relying on Keynes's rather confusing Z function, or on complex four-sector diagrams with complicated analytics, it starts with standard macroeconomic models; then it points out their flaws and shows how they must be modified to make sense as well as to depict accurately the real world. Third, Moore's book has the virtue of starting with a reasonable discussion of methodology in the sciences and in economics. Finally, the book provides a detailed and compelling answer to the lament of John King (2002: ch. 12) and others (e.g., Walters & Young 1997) that there does not seem to be a consistent postKeynesian paradigm. Shaking the Invisible Hand sets forth this paradigm in terms of method, theory, and policy
Economics · Keynesian economics · Monetary policy · New Keynesian economics · Positive economics · Post-Keynesian economics · Economic theories and models · Economic Theory and Institutions · Economic Theory and Policy · Philosophy
| Highly cited | No |
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