Publisher's Synopsis
HETERODOXY IN ECONOMIC THOUGHT start up of three sources of the modern macroeconomics on capitalism: Karl Marx (1818-1883), John Maynard Keynes (1883-1946)/ Michal Kalecki (1899-1970) and Joseph Alois Schumpeter (1883-1950). The Marx's critical view of the modern Capitalism; the Keynes-Kalecki's contemporary macroeconomic approach and the Schumpeter's plausible modern capitalism view. The argument of such heterodox thinkers, non-mainstream thinkers, taken together, makes a persuasive case for the existence of the contemporary globalizing capital process. In summary, Marx and the exploitation theoretical framework of the general theory of the accumulation capital process (Capital Foundations and Capitalism crisis). Keynes and the uncertain theoretical framework to the general theory of the investment decisions (monetary foundations and decision making under uncertainty and capitalist instability). Kalecki's work is likely to be his theory of how autonomous cycles are generated in the capitalist economy ( Studies in Economic Dynamics ). Schumpeter and the innovative theoretical framework to the general in the capitalist economy theory of the innovation process in competitive environment (competitive theory foundations and decision making under uncertainty and the long-term capitalist growth).
