Keynesian Behavioral Macroeconomics
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Keynesian Behavioral Macroeconomics: (Perspectives in Behavioral Economics and the Economics of Behavior)

Keynesian Behavioral Macroeconomics: (Perspectives in Behavioral Economics and the Economics of Behavior)


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About the Book

Keynesian Behavioral Macroeconomics analyzes Keynes’s landmark contributions in behavioral economics and develops a new and fresh genre of macroeconomic analysis. It compels us to consider seriously the earlier-generation warnings about the impact of investors’ animal spirits and financiers’ liquidity-presence using cognitive-based and social psychology heuristics. Innovative in its subject matter, approach, theoretical development and policy prescriptions, this constructivist pluralist approach can contribute to important debates. This fresh look in macroeconomics can fruitfully be applied by macroeconomists, policymakers, and market participants to prevent effective demand shortages, stimulate the economy, preserve job creation, and impact redistribution, sustainability and social inclusion. In this timely book, Theodore Koutsobinas develops a synthesis of Keynes’s macroeconomic theory with contemporary developments in behavioral macroeconomics to analyze urgent real-world challenges, and he proposes successful solutions for macroeconomic policy. This volume uniquely explains how Keynes’s magnificent, crucial, but long-forgotten dynamics can be analyzed on the basis of behavioral foundations to explain amplified global finance cycles, booms and busts, and macroeconomic instability with harmful effects on incomes and jobs.

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

About the Author :
Theodoros Koutsobinas is an Associate Professor of Economic Theory with an Emphasis on Culture Management at the Department of Management Science and Technology of the University of Peloponnese in Greece. Prior, he taught at several universities in Greece and abroad. He received a PhD in Economics from the New School in New York City, USA and he was a NATO post-doctorate fellow at Cornell University, USA. He has published over 50 articles as chapters in books, conference proceedings and in leading or distinguished international academic journals. Besides academia, his extensive professional experience spans over 30 years. Also, he served as Advisor to the Minister of National Economy (1994-1995), member of the Board of Directors of several Greek public organizations and banks for strategic forecasting in the Balkans and Eastern Europe. His international experience also includes executive and consulting assignments for EU in finance, management, strategy and international business.


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Product Details
  • ISBN-13: 9780443247521
  • Publisher: Elsevier Science Publishing Co Inc
  • Publisher Imprint: Academic Press Inc
  • Height: 229 mm
  • No of Pages: 200
  • Weight: 450 gr
  • ISBN-10: 0443247528
  • Publisher Date: 31 Jan 2026
  • Binding: Paperback
  • Language: English
  • Series Title: Perspectives in Behavioral Economics and the Economics of Behavior
  • Width: 152 mm


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