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Post-Keynesian Theories of the Firm
- Kalecki and Radical Uncertainty
Engelsk
Bogcover for Post-Keynesian Theories of the Firm af Nobantu Mbeki, Nobantu L. Mbeki, 9781032463995
Specifikationer
Sprog:
Engelsk
Sider:
416
ISBN-13:
9781032463995
Indbinding:
Paperback
ISBN-10:
1032463996
Udg. Dato:
28 nov 2024
Størrelse i cm:
23,4 x 15,6
Oplagsdato:
28 nov 2024

Post-Keynesian Theories of the Firm

- Kalecki and Radical Uncertainty
Engelsk
Paperback 2024
Format:

Bog beskrivelse
Within Post-Keynesian economics there is a spectrum of approaches to theories of the firm but what they have in common, to their great benefit, is a proper integration of the concept of radical uncertainty: data that cannot be known. This book revisits Kalecki’s theory of the firm is located to show that it constitutes fertile theoretical ground on which to systematically understand the resultant indeterminacy when firms operate under conditions of radical uncertainty. The author proposes a way of generalising radical uncertainty by integrating some of the separate approaches within Post-Keynesian economics centred around Kalecki’s work. Through this, it is shown that radical uncertainty does more than just change the ultimate motivation of firms (dropping short-run profit maximisation; more complex motivation; interconnectivity with the environment), it is central to the emergence, existence and motivation of firms, and critically also firm strategy. It is argued that firms do not simply respond to uncertainty: it is the systematic cause of their intentional behaviour. Through developing these arguments, the book also contributes to the methodology of Kalecki and Shackle, as well as Kaleckian price theory. This book will be important reading for anyone interested in theories of the firm, Post-Keynesian economics and heterodox approaches to economics more broadly.
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Specifikationer
Sprog:
Engelsk
Sider:
416
ISBN-13:
9781032463995
Indbinding:
Paperback
ISBN-10:
1032463996
Udg. Dato:
28 nov 2024
Størrelse i cm:
23,4 x 15,6
Oplagsdato:
28 nov 2024
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