This book contends that post Keynesian economics has its own methodological and didactic basis, and its realistic analysis is much-needed in the current economic and financial crisis. At a time when the original message of Keynes' General Theory is no longer present in most university syllabuses, this book celebrates the uniqueness of teaching post Keynesian economics, providing comparisons with traditional economic rationale and illustrating the advantages of post Keynesian pedagogy.
Against a backdrop in which neo-classical textbooks prevail, the expert contributors demonstrate that Keynes and The General Theory possess indispensable insight that would furnish students with a clearer understanding of the world economy in which they live. They explore the teaching of post Keynesian economics from a number of different perspectives, covering topics such as open system theorizing, pluralism in teaching, rhetoric in the spirit of Keynes, uncertainty, expectations and money. A critique of mainstream and traditional economic textbooks is also provided.
This highly unique and fascinating book will provide an invaluable reference tool for teachers and researchers in post Keynesian economics, as well as their students.
Edited by Jesper Jespersen, Professor of Economics, Roskilde University, Denmark and Mogens Ove Madsen, Associate Professor of Economics, Aalborg University, Denmark
Contents: Introduction Jesper Jespersen and Mogens Ove Madsen 1. Teaching Post-Keynesian Economics in a Mainstream Department Marc Lavoie 2. The Economist who Mistook his Model for a Market Roy J. Rotheim 3. The Future is Open: On Open-system Theorising in Economics Victoria Chick 4. Teaching Open-System Economics Sheila Dow 5. Pluralism in Economics Education Andy Denis 6. Truth and Beauty in Macroeconomics Allin Cottrell 7. Rhetoric in the Spirit of Keynes: Metaphors to Persuade Economists, Students and the Public about Fiscal Policy Bruce Littleboy 8. Teaching Macroeconomics: Seeking Inspiration from Paul Davidson Finn Olesen 9. What About the Mainstream Critique of American Principles of Economics Textbooks? Poul Thois Madsen 10. Teaching Keynes's Theory to Neoclassically Formed Minds Angel Asensio 11. Neoclassical and Keynesian Macro Models: Thinking About the `Special Case' Marco Missaglia 12. Economists on the 2008 Financial Crisis: Genuine Reflection; or Constructing Narratives to Reaffirm the Profession's Authority? Michael J. Salvagno Index