In a time of economic questioning, do we really need perfect competition to build models and predict economic phenomena? Anwar Shaikh's book seeks to offer a coherent alternative to neoclassical and post-Keynesian economics. It takes real (and not perfect) competition as its starting point, to then explain theories from all walks of economics, from Keynes's theory of effective demand to Kalecki's interindustry pricing. In a time of slow growth and decreasing productivity in Western Europe, this work comes at a crucial time, offering reconciliation between micro and macro aspects of growth theory.
Book summary: drive.google.com/file/d/138g1...
Anwar Shaikh is Professor of Economics at the New School for Social Research. His intellectual biography appears in the most recent edition of the book Eminent Economists II published by Cambridge University Press (2014) alongside the biographies of seven Nobel Prize Laureates. He is an Associate Editor for the Cambridge Journal of Economics, and a prominent heterodox economist.