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A Classical-Keynesian Approach to Macroeconomics: Growth, Production, and the Environment

A Classical-Keynesian Approach to Macroeconomics: Growth, Production, and the Environment

Hardcover

Series: Routledge Frontiers of Political Economy

EconomicsGeneral Political Science

PREORDER - Expected ship date September 28, 2026

ISBN10: 1041233922
ISBN13: 9781041233923
Publisher: Routledge
Published: Sep 28 2026
Pages: 286
Language: English

Presenting a robust alternative to mainstream economics, this book outlines a coherent Classical-Keynesian approach to economics - one grounded in the Classical theory of value, the Keynesian principle of effective demand, and the post-Keynesian perspective on money and finance.

The chapters from an international cast list of leading authors are arranged around five key topics: the Classical theory of production, prices and income distribution; the Keynesian principle of effective demand and the supermultiplier, the Keynesian approach to monetary macroeconomics; Classical and Keynesian approaches to the history of economic thought; and Input-output analysis of structural change and environmental issues. The essays explore the dynamics of an advanced market economy, understood as a process organised according to the sequence: finance-production-distribution-spending and accumulation. It is demonstrated that in that process the economy does not gravitate around a full-employment position, that the level of activity, the composition of output, and employment are driven by growth engines located in the autonomous demand connected to output through the supermultiplier, and that money is not neutral and the growth engines require sustainable funding.

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Economics