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This (PKE) is a heterodox approach to economics that stems from the work of John Maynard Keynes and Michal Kalecki. PKE argues against numerous aspects of neoclassical orthodoxy in favour of embracing the fundamental uncertainty underlying economic decisions. It also lays emphasis on the role of demand-led growth and policy interventions. PKE allows us to look beyond the self-adjusting models of economics to critically analyse the real-world challenges posed by economic instability and inequality.
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