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Book Review: Introduction to Post—Keynesian Economics By Marc Lavoie. New York: Palgrave—Macmillan, 2006. 150 pp. $85.00 cloth.1

Etelberto Ortiz Cruz Profesor de Economia Universidad Autonoma Metropolitana-Xochimilco Mexico City Mexico Email: eortizc@correo.xoc.uam.mx Accepted March 8, 2007 This book by Lavoie, now reviewed in translation from the original French, is welcome on two counts. It provides an overall summary of the bourgeoning post–Keynesian (PKE) literature and is the first to do so in Spanish and French. Second, it is a well-conceived alternative for an introductory textbook. One good example of the difficulty of recogniz- ing the main lines of the PKE views is evident in a recent book by Snowdon and Vane 1. French and Spanish versions are available: L'économie Postkeynésienne, (Paris, Éditions La Découverte, 2004) and La Economía Postkeynesiana. Un antídoto del pensamiento único, (Barcelona, Icaria, Antrazyt, 2005). (2005) that presents a general overview of the different schools of thought; its eighth chapter presents a review of the main lines of PKE. As such, I note that the earlier version of the book (Snowdon, Vane, and Wynarczyk 1996) considered the Austrian approach together with PKE, as if they were the same thing. True, both consider that money is not neutral in either the short or the long run, but the authors do not appear to be http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Review of Radical Political Economics SAGE

Book Review: Introduction to Post—Keynesian Economics By Marc Lavoie. New York: Palgrave—Macmillan, 2006. 150 pp. $85.00 cloth.1

Abstract

Etelberto Ortiz Cruz Profesor de Economia Universidad Autonoma Metropolitana-Xochimilco Mexico City Mexico Email: eortizc@correo.xoc.uam.mx Accepted March 8, 2007 This book by Lavoie, now reviewed in translation from the original French, is welcome on two counts. It provides an overall summary of the bourgeoning post–Keynesian (PKE) literature and is the first to do so in Spanish and French. Second, it is a well-conceived alternative for an introductory textbook. One good example of the difficulty of recogniz- ing the main lines of the PKE views is evident in a recent book by Snowdon and Vane 1. French and Spanish versions are available: L'économie Postkeynésienne, (Paris, Éditions La Découverte, 2004) and La Economía Postkeynesiana. Un antídoto del pensamiento único, (Barcelona, Icaria, Antrazyt, 2005). (2005) that presents a general overview of the different schools of thought; its eighth chapter presents a review of the main lines of PKE. As such, I note that the earlier version of the book (Snowdon, Vane, and Wynarczyk 1996) considered the Austrian approach together with PKE, as if they were the same thing. True, both consider that money is not neutral in either the short or the long run, but the authors do not appear to be
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