Keynesian Behavioral Macroeconomics

Name: Keynesian Behavioral Macroeconomics
Price: 135 USD
Availability: InStock
ISBN: 9780443247521

by Theodore Koutsobinas

1st Edition

Publisher: Academic Press

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Business & Economics

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Book Details

Print ISBN	9780443247521
eText ISBN	9780443247538
Publisher	Academic Press
Publishing Year	2026
Edition	1st Edition
Language	English

Keynesian Behavioral Macroeconomics, 1st Edition, is an academic textbook that integrates John Maynard Keynes's foundational economic theory with modern research in behavioral macroeconomics. Author Theodore Koutsobinas designs this text primarily for upper undergraduate students in macroeconomics who require a systematic treatment of behavioral expectations within aggregate economic analysis.

The core coverage examines how heuristics from cognitive and social psychology directly influence investor animal spirits and financier liquidity presence. The text illustrates how radical Keynesian uncertainty operates by means of attribute-heuristic substitution and intuitive judgment, applying cognitive heuristics to form behavioral expectations in quantitative macroeconomic modeling for diagnosis and forecasting.

A defining feature of the textbook is the detailed outline of the ISLRMP framework as a new view for behavioral macroeconomics. This analytical structure offers upper-level students and course instructors a distinct theoretical approach for evaluating macroeconomic dynamics and individual decision-making under uncertainty.

Chapter 1: Introduction: The Case for Keynesian Behavioural Macroeconomics
Chapter Section 1: Keynes, the Neoclassical Response, and the Cambridge-UK Keynesian Tradition
Chapter 2: Keynes and the General Theory
Chapter 3: Alternative Lines in the Neoclassical Criticism
Chapter 4: The Concept of Money Rate of Interest
Chapter 5: Concluding Discussion: Old Debates, New Theories?
Chapter Section 2: The Development of Behavioural Economics of Keynes
Chapter 6: Conventional Expectations
Chapter 7: From Expectations to Economic Psychology
Chapter 8: Keynes as the First Behavioural Economist
Chapter 9: Concluding Discussion: Keynes’s Behavioural Micro-Economics
Chapter Section 3: Keynes’s Monetary and Financial Macroeconomics
Chapter 10: Behavioural Macroeconomics and Portfolio Finance Equilibria
Chapter 11: The Contributions of Tobin and Kahn: A Synthesis
Chapter 12: Beyond the Standard View of Keynesian Macroeconomics
Chapter 13: Towards a New View: The ISLRMP Framework
Chapter 14: Concluding Discussion: Some Critical Keynesian Elements for Behavioral Macroeconomics
Chapter Section 4: Keynesian Behavioural Macroeconomics in Modern Theory
Chapter 15: Standard Behavioral Macroeconomics: An Overview
Chapter 16: Keynesian Behavioural Macroeconomics
Chapter 17: Concluding Discussion: Towards a New Synthesis
Chapter Section 5: The Way Ahead for Behavioral Macroeconomics
Chapter 18: Modern Keynesian Approaches
Chapter 19: Modern and Future Quantitative Research
Chapter Section 6: Keynesian Behavioural Policies
Chapter 20: The Relevance of Sustainability
Chapter 21: The Impact of Global Trends
Chapter 22: The Political Economy fo Keynesian Behavioral Macroeconomics
Chapter 23: Concluding Discussion: Behavioral Macroeconomics for the Next Generation
Chapter 24: Book Conclusions: An Afterthought Bibliography, Endnotes, Appendix