Keynesian Behavioral Macroeconomics

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.

• 1. Introduction: The Case for Keynesian Behavioural MacroeconomicsSection 1: Keynes, the Neoclassical Response, and the Cambridge-UK Keynesian Tradition2. Keynes and the General Theory3. Alternative Lines in the Neoclassical Criticism4. The Concept of Money Rate of Interest5. Concluding Discussion: Old Debates, New Theories?Section 2: The Development of Behavioural Economics of Keynes6. Conventional Expectations7. From Expectations to Economic Psychology8. Keynes as the First Behavioural Economist9. Concluding Discussion: Keynes’s Behavioural Micro-EconomicsSection 3: Keynes’s Monetary and Financial Macroeconomics10. Behavioural Macroeconomics and Portfolio Finance Equilibria11. The Contributions of Tobin and Kahn: A Synthesis12. Beyond the Standard View of Keynesian Macroeconomics13. Towards a New View: The ISLRMP Framework14. Concluding Discussion: Some Critical Keynesian Elements for Behavioral MacroeconomicsSection 4: Keynesian Behavioural Macroeconomics in Modern Theory15. Standard Behavioral Macroeconomics: An Overview16. Keynesian Behavioural Macroeconomics17. Concluding Discussion: Towards a New SynthesisSection 5: The Way Ahead for Behavioral Macroeconomics18. Modern Keynesian Approaches19. Modern and Future Quantitative ResearchSection 6: Keynesian Behavioural Policies20. The Relevance of Sustainability21. The Impact of Global Trends22. The Political Economy fo Keynesian Behavioral Macroeconomics23. Concluding Discussion: Behavioral Macroeconomics for the Next Generation24. Book Conclusions: An Afterthought Bibliography, Endnotes, Appendix