 A POST-KEYNESIAN APPROACH AS AN ALTERNATIVE TO NEOCLASSICAL IN THE EXPLANATION OF MONETARY AND FINANCIAL SYSTEMSavvas Zachariadis
Studii Financiare (Financial Studies), 2020, vol. 24, issue 1, 21-35 Abstract: The aim of this paper is to provide a Post-Keynesian view to economic theory as an alternative to traditional theory. Keynesian economics consists of an approach to economics derived mainly from the work of Keynes. It is grounded on the fields of observations of stylized facts of the economy and attempts to provide solutions to arising problems, which cannot be adequately explained and resolved by mainstream theory. We wish not in this paper to contradict the conventional with Keynesian and Post-Keynesian theory, but instead to provide an alternative and complementary view. However, we highlight the differences between traditional neoclassical theory and Post-Keynesian macroeconomics. Therefore, we shall focus on PostKeynesian analysis on the operation of monetary and financial system in the endeavour to fill gaps on the explanation of relative phenomena. The main scope is the explanation of the financial system and financial stability. Keywords: Post-Keynesian; neoclassical theory; monetary policy; financial system; financial instability (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:vls:finstu:v:24:y:2020:i:1:p:21-35 Access Statistics for this article More articles in Studii Financiare (Financial Studies) from Centre of Financial and Monetary Research "Victor Slavescu" Contact information at EDIRC. |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.