Post-Keynesian Economics: New Foundations by Marc Lavoie Chapter 3: Theory of the firm

Rosaria Rita Canale

Review of Political Economy, 2023, vol. 35, issue 4, 1045-1050

Abstract: This article represents a systematic presentation of the post-Keynesian alternative to mainstream economic theory. It places observation of reality at the centre of the investigation and derives — through an in-depth examination of post-Keynesian literature — an analytical model capable of interpreting the behaviour of firms in a capitalistic market economy. The chapter on which this article focuses is in a book covering the core elements of this heterodox model, which creates a coherent framework for investigating and interpreting the workings of an economic system that approximates reality.

Date: 2023
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DOI: 10.1080/09538259.2023.2208070

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