ABSTRACT

Revisiting Alfred Eichner’s book The Macrodynamics of Advanced Market Economies (1991) two decades after he gave me a first draft copy to read for comments, I am struck how well this work has held up against the passage of time. Aiming to present a complete alternative to the neoclassical orthodoxy, Eichner’s book remains to date one of the seminal contributions in the development of post-Keynesian theory, on a par with such pathbreaking works as Weintraub (1966), Kregel (1975), Eichner and Kregel (1975), and Davidson (1978).