POST-KEYNESIANISM: EVOLUTION OF KEYNESIAN MACROECONOMICS IN THE 20TH CENTURY

The article analyzes the development of J.M. Keynes's theory in the second half of the twentieth century due to the works within the new direction of economical science - Post-Keynesianism. It is shown that in free-market economy Keynesian school based of the original Keynesian methodology requ...

Descripción completa

Guardado en:

Detalles Bibliográficos
Autor principal:	L. N. Artamonova
Formato:	article
Lenguaje:	EN RU
Publicado:	MGIMO University Press 2016
Materias:	keynesianism macroeconomic analysis financial instability information uncertainty of the future economic agent measuring the value of goods International relations JZ2-6530
Acceso en línea:	https://doaj.org/article/67b49a77e98a49f89e5a856377239399
Etiquetas:	Agregar Etiqueta Sin Etiquetas, Sea el primero en etiquetar este registro!

id	oai:doaj.org-article:67b49a77e98a49f89e5a856377239399
record_format	dspace
spelling	oai:doaj.org-article:67b49a77e98a49f89e5a8563772393992021-11-23T14:51:02ZPOST-KEYNESIANISM: EVOLUTION OF KEYNESIAN MACROECONOMICS IN THE 20TH CENTURY2071-81602541-909910.24833/2071-8160-2016-6-51-106-114https://doaj.org/article/67b49a77e98a49f89e5a8563772393992016-12-01T00:00:00Zhttps://www.vestnik.mgimo.ru/jour/article/view/643https://doaj.org/toc/2071-8160https://doaj.org/toc/2541-9099The article analyzes the development of J.M. Keynes's theory in the second half of the twentieth century due to the works within the new direction of economical science - Post-Keynesianism. It is shown that in free-market economy Keynesian school based of the original Keynesian methodology requires additional studies of state regulation principles and take into account the qualitative changes in the market mechanisms. It is shown that post-Keynesianism has had a significant impact on the subject of research and has taken into account the principles of free enterprise, market pricing, level of price dynamics. All this principles allow realizing the principle of self-regulation of the market mechanism. New approaches to the post-Keynesians role of the state and state regulation combined with the freedom of entrepreneurship are analyzed. Taking into account real changes and economic crises it is necessary to analyze the main directions of development of the Keynesian model of economic regulation with a view to their effective use in shaping economic policy. There are considered the basic directions of development of post-Keynesianism such as Neo-Ricardian theory of value and prices of goods based on direct costs of production in the framework of macroeconomic model by P. Sraffa, information theory of "fundamental" uncertainty of the future by R. Klauder and the theory of financial instability hypothesis by H. Minsky. Their differences within the framework of post-Keynesianism under the subject specialization are considered. It is noted that the development of PostKeynesianism allows to present the latest research in modern Keynesian school within an interdisciplinary approach to economical problems.L. N. ArtamonovaMGIMO University Pressarticlekeynesianismmacroeconomic analysisfinancial instabilityinformation uncertainty of the futureeconomic agentmeasuring the value of goodsInternational relationsJZ2-6530ENRUVestnik MGIMO-Universiteta, Vol 0, Iss 6(51), Pp 106-114 (2016)
institution	DOAJ
collection	DOAJ
language	EN RU
topic	keynesianism macroeconomic analysis financial instability information uncertainty of the future economic agent measuring the value of goods International relations JZ2-6530
spellingShingle	keynesianism macroeconomic analysis financial instability information uncertainty of the future economic agent measuring the value of goods International relations JZ2-6530 L. N. Artamonova POST-KEYNESIANISM: EVOLUTION OF KEYNESIAN MACROECONOMICS IN THE 20TH CENTURY
description	The article analyzes the development of J.M. Keynes's theory in the second half of the twentieth century due to the works within the new direction of economical science - Post-Keynesianism. It is shown that in free-market economy Keynesian school based of the original Keynesian methodology requires additional studies of state regulation principles and take into account the qualitative changes in the market mechanisms. It is shown that post-Keynesianism has had a significant impact on the subject of research and has taken into account the principles of free enterprise, market pricing, level of price dynamics. All this principles allow realizing the principle of self-regulation of the market mechanism. New approaches to the post-Keynesians role of the state and state regulation combined with the freedom of entrepreneurship are analyzed. Taking into account real changes and economic crises it is necessary to analyze the main directions of development of the Keynesian model of economic regulation with a view to their effective use in shaping economic policy. There are considered the basic directions of development of post-Keynesianism such as Neo-Ricardian theory of value and prices of goods based on direct costs of production in the framework of macroeconomic model by P. Sraffa, information theory of "fundamental" uncertainty of the future by R. Klauder and the theory of financial instability hypothesis by H. Minsky. Their differences within the framework of post-Keynesianism under the subject specialization are considered. It is noted that the development of PostKeynesianism allows to present the latest research in modern Keynesian school within an interdisciplinary approach to economical problems.
format	article
author	L. N. Artamonova
author_facet	L. N. Artamonova
author_sort	L. N. Artamonova
title	POST-KEYNESIANISM: EVOLUTION OF KEYNESIAN MACROECONOMICS IN THE 20TH CENTURY
title_short	POST-KEYNESIANISM: EVOLUTION OF KEYNESIAN MACROECONOMICS IN THE 20TH CENTURY
title_full	POST-KEYNESIANISM: EVOLUTION OF KEYNESIAN MACROECONOMICS IN THE 20TH CENTURY
title_fullStr	POST-KEYNESIANISM: EVOLUTION OF KEYNESIAN MACROECONOMICS IN THE 20TH CENTURY
title_full_unstemmed	POST-KEYNESIANISM: EVOLUTION OF KEYNESIAN MACROECONOMICS IN THE 20TH CENTURY
title_sort	post-keynesianism: evolution of keynesian macroeconomics in the 20th century
publisher	MGIMO University Press
publishDate	2016
url	https://doaj.org/article/67b49a77e98a49f89e5a856377239399
work_keys_str_mv	AT lnartamonova postkeynesianismevolutionofkeynesianmacroeconomicsinthe20thcentury
_version_	1718416284208594944

POST-KEYNESIANISM: EVOLUTION OF KEYNESIAN MACROECONOMICS IN THE 20TH CENTURY

Ejemplares similares