"THE BASIC TENETS"
- The inherent instability of capitalism
- The endogenous nature of the money supply
- The pervasiveness of uncertainty as
distinct from calculable risk
- The historical time within which production and all other economic events take place in an irreversible fashion
- The existence of a credit-money economy of forward contracts in which the money supply has virtually a zero cost of production
- The setting of individual product prices as a markup over unit prime costs in the dominant oligopolistic sector operating with planned excess capacity
- The irrelevance of demand-supply analysis to labor markets, and the key dependence of the general price level on nominal wages determined exogenously under collective bargaining
Source: Stephen Rousseas, "Post Keynesian Monetary Economics", 1992.
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E. Ray Canterbery, "The Literate Economist", 1995.
Stanley Bober, "Alternative Principles of Economics", 2001.
Paul Davidson,"Post Keynesian Macroeconomic Theory", 1994.
Robert Kuttner, "Everything For Sale: The Virtues and Limits of Markets" ,1996.
Stephen Rousseas, "The Political Economy of Reaganomics: A Critique",1982.