Advertisement
| a history of post keynesian economics since 1936: A History of Post Keynesian Economics Since 1936 J. E. King, 2002-04-26 This text provides a history of the post Keynesian approach to economics since 1936. The author locates the origins of these economics in the conflicting interpretations of Keynes' General Theory and in the complementary work of Michael Kalecki. |
| a history of post keynesian economics since 1936: A History of Post Keynesian Economics Since 1936 J. E. King, 2003 'A thorough, thoughtful, issue-related history such as this is just the thing to contribute to the growing maturity of post Keynesian economics, clarifying where we have got to now, and indicating how the approach might develop in the future. By making sense of the twists and turns of post Keynesian thought, John King provides a sense of coherence out of a complex process.' - Sheila C. Dow, University of Stirling, UK 'This book provides a thorough account of the evolution of post Keynesian economics from its origins in interpretations of the General Theory in the late 1930s through to the present day. During this period the character of post Keynesian economics has changed from denoting the ideas of a small number of interpreters of Keynes to a more organised dissenting group spread across several continents. John King's book will interest anyone who wants to understand this transition or who has an interest in the more general question of how and why heterodox traditions have been established in economics.' - Roger E. Backhouse, University of Birmingham, UK This is a unique, comprehensive and international history of the post Keynesian approach to economics since 1936. the author locates the origins of post Keynesian economics in the conflicting initial interpretations of Keynes's General Theory and in the complementary work of Michal Kalecki. the book begins by focusing on Cambridge Growth, Distribution and Capital theory and early post Keynesian thought in the US. the failure of post Keynesian theory to supplant the neo-classical paradigm in the 1970s is also discussed, along with an overview of post Keynesian thinking in other countries. the book then deals with the search for coherence between various strands of post Keynesian thought and other schools of economic thought. the author concludes by assessing the progress made by post Keynesian economics since 1936 and considers several possible alternative futures for the post Keynesians. |
| a history of post keynesian economics since 1936: The General Theory of Employment, Interest, and Money John Maynard Keynes, 2018-07-20 This book was originally published by Macmillan in 1936. It was voted the top Academic Book that Shaped Modern Britain by Academic Book Week (UK) in 2017, and in 2011 was placed on Time Magazine's top 100 non-fiction books written in English since 1923. Reissued with a fresh Introduction by the Nobel-prize winner Paul Krugman and a new Afterword by Keynes’ biographer Robert Skidelsky, this important work is made available to a new generation. The General Theory of Employment, Interest and Money transformed economics and changed the face of modern macroeconomics. Keynes’ argument is based on the idea that the level of employment is not determined by the price of labour, but by the spending of money. It gave way to an entirely new approach where employment, inflation and the market economy are concerned. Highly provocative at its time of publication, this book and Keynes’ theories continue to remain the subject of much support and praise, criticism and debate. Economists at any stage in their career will enjoy revisiting this treatise and observing the relevance of Keynes’ work in today’s contemporary climate. |
| a history of post keynesian economics since 1936: A History of Post Keynesian Economics Since 1936 John Edward King, 2002 Arguing that post-Keynesian economics extended the discussion to questions neglected by Keynes and challenged orthodox macroeconomics, King (economics, La Trobe U., Australia) traces the development of post-Keynesianism from its origins in the 1930s to possible future developments. Along the way, he examines the challenges of the theory to the neoclassical paradigm of the 1970s, its ultimate failure to prevail, the differences between various schools of post-Keynesian theory, and relations with other economic theories. He treats the topic as solely an intellectual history, not discussing how political and social power may have affected the ability of one or the other economic theories to prevail. Annotation copyrighted by Book News, Inc., Portland, OR |
| a history of post keynesian economics since 1936: Introduction to Post-Keynesian Economics M. Lavoie, 2007-06-15 This book shows how the realistic foundations and stylized facts of Post-Keynesian economics give rise to macroeconomic implications that are different from those of received wisdom with regards to employment, output growth, inflation and monetary theory, and offers an alternative to neoclassical economics and its free-market economic policies. |
| a history of post keynesian economics since 1936: Post-Keynesian Growth Theory Lavoie, Marc, 2022-02-17 Post-Keynesian Growth Theory is a collection of 18 articles by Marc Lavoie, published between 1995 and 2020, with an extended foreword by Eckhard Hein. Marc Lavoie’s introduction recalls how he became attracted to the post-Keynesian theory of growth more than 45 years ago and explains how and why this book came about. |
| a history of post keynesian economics since 1936: Foundations of International Economics Johan Deprez, John T. Harvey, 2002-01-04 This unique collection presents a Post-Keynesian perspective on international economics and trade. All the major areas in international economics are covered, with the Post-Keynesian approach giving a welcome fresh perspective. The book is divided into five main sections: * foreign trade * open economy * international payments systems * exchange rate determination * development. Unavailable elsewhere, the readings present original, state-of-the-art research by leading Post-Keynesian scholars. Contributors include: Philip Arestis, Robert Blecker, Paul Davidson, Sheila Dow, Bruce Elmslie, Ilene Grabel John McCombie Eleni Paliginis, A.P. Thirlwall L. Randall Wray Johan Deprez, John T. Harvey, |
| a history of post keynesian economics since 1936: The Oxford Handbook of Post-Keynesian Economics, Volume 1 G. C. Harcourt, Peter Kriesler, 2013-08-16 This two volume Handbook contains chapters on the main areas to which Post-Keynesians have made sustained and important contributions. These include theories of accumulation, distribution, pricing, money and finance, international trade and capital flows, the environment, methodological issues, criticism of mainstream economics and Post-Keynesian policies. The Introduction outlines what is in the two volumes, in the process placing Post-Keynesian procedures and contributions in appropriate contexts. |
| a history of post keynesian economics since 1936: The Oxford Handbook of Post-Keynesian Economics, Volume 1 Geoffrey Colin Harcourt, Peter Kriesler, 2013-07 These two volumes cover the principal areas to which Post-Keynesian economists have made distinctive contributions. The contents include the significant criticism by Post-Keynesians of mainstream economics, but the emphasis is on positive Post-Keynesian analysis of the economic problems of the modern world and of policies with which to tackle them. |
| a history of post keynesian economics since 1936: What’s Wrong with Keynesian Economic Theory? Steven Kates, 2016-08-26 Possibly the strangest phenomenon in all of economics is the absence of a long tradition of criticism focused on Keynesian economic theory. Keynesian demand management has been at the centre of some of the worst economic outcomes in history, from the great stagflation of the 1970s to the lost decade and more in Japan following the expenditure program of the 1990s. And once again, following the Global Financial Crisis, it is incontrovertible that no stimulus program in any part of the world has been a success, each one having been abandoned as conditions deteriorated under the weight of public sector spending. This book brings together some of the most vocal critics of Keynesian economics. Each author attempts to explain what is wrong with Keynesian theory in ways that can be understood by those seeking guidance on where to turn for a more accurate explanation of the business cycle and on what to do when recessions occur. |
| a history of post keynesian economics since 1936: A Modern Guide to Financial Shocks and Crises Ferri, Giovanni, D’Apice, Vincenzo, 2021-12-14 Offering a comprehensive guide to financial shocks and crises, this book explores their increasing occurrence in current market economies, as well as their power to wrench the macroeconomy. The book discusses three critical questions: what causes financial shocks; which channels may exacerbate their impact; and what policies could help avoid them or limit their negative effect on the economy and society at large. |
| a history of post keynesian economics since 1936: Keynes and the Cambridge Keynesians Luigi L. Pasinetti, 2007-11-15 Keynes and the Cambridge Keynesians traces the historical development of Keynesian economics. |
| a history of post keynesian economics since 1936: Elgar Encyclopedia of Post-Keynesian Economics Louis-Philippe Rochon, Sergio Rossi, 2023-01-13 This Encyclopedia is an invaluable reference book for post-Keynesian and heterodox economics. It consists of 300 entries, written by 180 different authors. The volume includes entries on key concepts of interest to post-Keynesians as well as descriptions of some of the seminal books in the post-Keynesian tradition. It will interest both students and scholars of heterodox economics, as well as policy makers around the world looking for a better alternative to mainstream economic policies at national and international levels in the aftermath of the global financial crisis that burst in 2008 and the COVID-19 pandemic crisis that began in 2020. |
| a history of post keynesian economics since 1936: A History of Post-Keynesian Economics Prue Kerr, 2010 John King, in his A History of Post Keynesian Economics Since 1936, raises the question of whether there exists a body of work which can be called, collectively, post Keynesian. This paper presents some criteria for addressing this question, beginning with the vision and the origins of some of the post-Keynesian ideas, leading to an examination of certain features of the various groups, including their methodology and their approaches to uncertainty, their pricing theories and their growth theories. It is concluded that, although there is much diversity in the various groups, they are reconcilable when seen as referring to different aspects of the economic process and at differing levels of abstraction. |
| a history of post keynesian economics since 1936: The Oxford Handbook of Post-Keynesian Economics, Volume 2: Critiques and Methodology G. C. Harcourt, Peter Kriesler, 2013-08-16 This two volume Handbook contains chapters on the main areas to which Post-Keynesians have made sustained and important contributions. These include theories of accumulation, distribution, pricing, money and finance, international trade and capital flows, the environment, methodological issues, criticism of mainstream economics and Post-Keynesian policies. The Introduction outlines what is in the two volumes, in the process placing Post-Keynesian procedures and contributions in appropriate contexts. |
| a history of post keynesian economics since 1936: Post-Keynesian Economics Lavoie, Marc, 2022-05-13 This visionary Research Handbook presents the state of the art in research on policy design. By conceiving policy design both as a theoretical and a methodological framework, it provides scholars and practitioners with guidance on understanding policy problems and devising accurate solutions. |
| a history of post keynesian economics since 1936: The Elgar Companion to John Maynard Keynes Robert W. Dimand, Harald Hagemann, 2019 The most influential and controversial economist of the twentieth century, John Maynard Keynes was the leading founder of modern macroeconomics, and was also an important historical figure as a critic of the Versailles Peace Treaty after World War I and an architect of the Bretton Woods international monetary system after World War II. This comprehensive Companion elucidates his contributions, his significance, his historical context and his continuing legacy. |
| a history of post keynesian economics since 1936: Debates in Macroeconomics from the Great Depression to the Long Recession Arie Arnon, 2022-05-06 This book assesses major schools of thought in macroeconomic theory between the Great Depression and the Long Recession, focusing on their analysis of cycles, crises and macro-policy. It explores the road from the dominance of Keynesian ideas to those of New Classical Macroeconomics (NCM) toward the end of the millennium. The book covers the early influential work of Knut Wicksell; the economic debates of the 1930s, with core contributions from John Maynard Keynes and Friedrich von Hayek; the rise of Keynesianism in the 1950s and its decline since the 1970s; the rise of Monetarism in the 1960s; and NCM’s subsequent rise to prominence. Finally, the book outlines how macroeconomics has evolved from its birth in the 1930s as a theory separate from microeconomics, resulting in a split between macro- and micro-theories, and ended up with a new hegemonic paradigm based on microfoundations. The ensuing policy thinking witnessed a transformation from active macro-policy after the Great Depression to a far more passive macro-policy during the last quarter of the twentieth century, which may have contributed to missing the signs of the impending Long Recession of 2008. “When the 2008 crisis struck, macroeconomists were caught with models that were theoretically elegant yet inappropriate to the needs of the moment. A broader historical perspective may have prevented the jettisoning of Keynesian models that had proved useful in the past and might have done so again. This highly readable book by Arie Arnon is a wonderful antidote to economists’ short time horizon and contributes mightily to restore the profession’s “collective memory” of the diversity of ideas within macroeconomics.” Professor Dani Rodrik, Harvard Kennedy School |
| a history of post keynesian economics since 1936: Michał Kalecki in the 21st Century J. Toporowski, L. Mamica, 2014-12-18 Leading experts on Kalecki have contributed special essays on what economists in the 21st century have to learn from the theories of Kalecki. Authors include surviving students of Kalecki, such as Amit Bhaduri, Mario Nuti, Kazimierz Laski Jerzy Osiatynski, and Post-Keynesian economists such as Geoff Harcourt, Marc Lavoie, and Malcolm Sawyer. |
| a history of post keynesian economics since 1936: An Encyclopedia of Keynesian Economics, Second edition Thomas Cate, 2013-01-01 Acclaim for the first edition: ÔThis easy-to-read collection . . . tells the whole story. Filled with short, well-written pieces, the encyclopedia covers the names and ideas that preceded Keynes, that carried his work to the center of the profession, and that eventually supplanted him there . . . There are excellent and unexpected articles on the Austrian school, the Lausanne school, and the Ricardo effect. There are well-done pieces on all the basic theoretical models at the heart of Keynesianism . . . [the] volume has been well put together. The editors deserve special praise for letting each contributor tell his own story. Those who oppose KeynesÕs ideas are just as well represented as those who carry the torch for him. This evenhandedness helps to ensure a volume that is truly representative and that will allow its users to get a full picture of the life and times of Keynesian economics.Õ Ð Bradley W. Bateman, Grinnell College, US ÔThe book will also be of some interest to serious scholars, partly because it includes biographies of many economists too young to have been included in the New Palgrave, such as Dornbusch, Fisher, Herschel Grossman, Kregel, Lucas, and Robert Townsend. It also includes some very interesting longer essays.Õ Ð Peter Howitt, The Economic Journal ÔThis book provides an excellent summary of the many strands of ÔKeynesianÕ- style thought both before and after 1936. Its well-considered entries take care to make explicit the assumptions and fundamental points of difference between theories too often concealed by the parents and advocates of specific theories in their zeal to promote the universality of the ideas. There is scarcely an entry that suffers from wordiness and repetition; the readerÕs scarce time is not abused.Õ Ð Elizabeth Webster, Economic Record ÔThis reviewer found using this source exhilarating and endowed with additional interest in view of the 1997 discussion on the inclusion or noninclusion of Keynesian economics in introductory economics textbooks. The editors should be applauded for helping to preserve a part of intellectual heritage.Õ Ð Bogdan Mieczkowski, American Reference Books ÔIt is the best single reference source on Keynesian economics and will be welcomed by students and teachers in economics as well as scholars in related social sciences and government policy makers.Õ Ð Educational Book Review This thoroughly revised and updated second edition of a highly acclaimed and authoritative reference work introduces the major concepts in the field of Keynesian economics. The comprehensive Encyclopedia features accessible, informative and provocative contributions by leading international scholars working in the tradition of Keynes. It brings together widely dispersed yet theoretically congruent ideas, presents concise biographies of economists who have contributed to the debate on Keynes and the Keynesian Revolution, and outlines the basic principles, models and tools used to discuss the economic consequences of The General Theory. Longer entries on specific topics associated with Keynes and the Keynesian Revolution analyse the principal factors that contributed to The General Theory, the economics of Keynes and the rise and apparent decline of Keynesian economics in greater detail. The second edition will ensure that An Encyclopedia of Keynesian Economics will remain the best single reference source on Keynesian economics and will continue to be welcomed by academics, students and teachers of economics as well as by scholars in related social sciences and government policymakers. |
| a history of post keynesian economics since 1936: Environment and Employment Philip Lawn, 2009-06-30 This book reconciles the growing conflict between the ecological sustainability and full employment objectives, discussing and analyzing the impact that achieving ecological sustainability will have on unemployment and the nature of the workplace. |
| a history of post keynesian economics since 1936: Pluralistic Economics and Its History Ajit Sinha, Alex M. Thomas, 2019-05-24 This volume is a history of economics – as it was interpreted, discussed and established as a discipline – in the 20th century. It highlights the pluralism of the discipline and brings together leading voices in the field who reflect on their lifelong work. The chapters draw on a host of traditions of economic thought, including pre-classical, classical, Marxian, neoclassical, Sraffian, post-Keynesian, Cantabrigian and institutionalist traditions in economics. Further, the volume also looks at the history of economics in India and its evolution as a discipline since the country’s independence. This book will appeal to students, researchers and teachers of economics and intellectual history, as well as to the interested general reader. |
| a history of post keynesian economics since 1936: Post Keynesian Economics Therese Jefferson, John E. King, 2024-02-12 This erudite book offers an extensive overview of the most important debates taking place amongst Post Keynesian economists, acknowledging the vital contribution Post Keynesians have made to theoretical and policy discourse in the 21st century. Bringing together distinguished experts from across the globe, Post Keynesian Economics: Key Debates and Contending Perspectives discusses the profound questions of heterodox economic theory and their far-reaching implications for economic policy. |
| a history of post keynesian economics since 1936: Contending Economic Theories Richard D. Wolff, Stephen A. Resnick, 2012-09-07 A systematic comparison of the 3 major economic theories—neoclassical, Keynesian, and Marxian—showing how they differ and why these differences matter in shaping economic theory and practice. Contending Economic Theories offers a unique comparative treatment of the three main theories in economics as it is taught today: neoclassical, Keynesian, and Marxian. Each is developed and discussed in its own chapter, yet also differentiated from and compared to the other two theories. The authors identify each theory's starting point, its goals and foci, and its internal logic. They connect their comparative theory analysis to the larger policy issues that divide the rival camps of theorists around such central issues as the role government should play in the economy and the class structure of production, stressing the different analytical, policy, and social decisions that flow from each theory's conceptualization of economics. Building on their earlier book Economics: Marxian versus Neoclassical, the authors offer an expanded treatment of Keynesian economics and a comprehensive introduction to Marxian economics, including its class analysis of society. Beyond providing a systematic explanation of the logic and structure of standard neoclassical theory, they analyze recent extensions and developments of that theory around such topics as market imperfections, information economics, new theories of equilibrium, and behavioral economics, considering whether these advances represent new paradigms or merely adjustments to the standard theory. They also explain why economic reasoning has varied among these three approaches throughout the twentieth century, and why this variation continues today—as neoclassical views give way to new Keynesian approaches in the wake of the economic collapse of 2008. |
| a history of post keynesian economics since 1936: Economics David A. Dieterle, 2017-03-27 A comprehensive four-volume resource that explains more than 800 topics within the foundations of economics, macroeconomics, microeconomics, and global economics, all presented in an easy-to-read format. As the global economy becomes increasingly complex, interconnected, and therefore relevant to each individual, in every country, it becomes more important to be economically literate—to gain an understanding of how things work beyond the microcosm of the economic needs of a single individual or family unit. This expansive reference set serves to establish basic economic literacy of students and researchers, providing more than 800 objective and factually driven entries on all the major themes and topics in economics. Written by leading scholars and practitioners, the set provides readers with a framework for understanding economics as mentioned and debated in the public forum and media. Each of the volumes includes coverage of important events throughout economic history, biographies of the major economists who have shaped the world of economics, and highlights of the legislative acts that have shaped the U.S. economy throughout history. The extensive explanations of major economic concepts combined with selected key historical primary source documents and a glossary will endow readers with a fuller comprehension of our economic world. |
| a history of post keynesian economics since 1936: Advancing the Frontiers of Heterodox Economics Tae-Hee Jo, Zdravka Todorova, 2015-07-30 This collection of essays honors the life and work of one of the most prominent and fervent heterodox economists, Frederic S. Lee, who has been at the heart of the heterodox economics movements for the past three decades. Authors in this book demonstrate that heterodox economic has transcended the criticism of mainstream economics and, more importantly, that constructive developments are in the making by way of cross-communications among various heterodox economics traditions. Frederic S. Lee’s contributions to heterodox economics are centered on three themes: the making of a history and identity of heterodox economics, heterodox microeconomics, and the heterodox analysis of social provisioning. Part I addresses the importance of history, theory, research methods, and institutions in the making of the identity of heterodox economics as an alternative to mainstream economics. Part II delves into heterodox microeconomic theories—in particular, investment, pricing, competition, markets, and market governance—as foundations of heterodox macroeconomic analyses. Part III expands the analysis of the capitalist social provisioning process with an emphasis on its subsystems and their relationships over historical time. Part IV encapsulates the life and work of Frederic S. Lee. Throughout his intellectual life Frederic S. Lee has shown to many that the development of heterodox economics is rendered possible by unselfish and ceaseless efforts to build both theory and institutions. Essays in this book attest that establishing an alternative critical theory to the status quo is not only possible but also serviceable to the majority of the population. |
| a history of post keynesian economics since 1936: Kalecki and Kaleckian Economics Louis-Philippe Rochon, Marcin Czachor, Gracjan Robert Bachurewicz, 2021-11-29 This book helps in pushing forward a Kaleckian research agenda that is even more urgent given the 2007-2009 financial crisis and the current post-COVID recovery. Michał Kalecki was a leading heterodox economist, whose influence in the field perhaps even surpasses that of Keynes. Kalecki’s insights are even more relevant today, and scholars are encouraged to apply his conclusions to ensure the sustainability of our economic systems. This edited volume, honouring the work of Michał Kalecki, includes chapters contributed by celebrated Kaleckian economists. In honour of the 50th anniversary of his demise, the Review of Political Economy (ROPE) and Edward Lipiński Foundation hosted a conference in September 2020 to celebrate his contribution to heterodox economics and his lasting legacy. These chapters, honouring the work of Michał Kalecki, span a panoply of topics and include a personal note from one of his former students and friend, and cover topics such as Kalecki’s relationship with the Cantabrigians, labour economics, fiscal policy, income distribution, gender, finance, debt, and democracy. The chapters in this book were originally published as a special issue of the journal Review of Political Economy. |
| a history of post keynesian economics since 1936: The Palgrave Companion to Cambridge Economics Robert A. Cord, 2017-02-20 Cambridge University has and continues to be one of the most important centres for economics. With nine chapters on themes in Cambridge economics and over 40 chapters on the lives and work of Cambridge economists, this volume shows how economics became established at the university, how it produced some of the world's best-known economists, including John Maynard Keynes and Alfred Marshall, plus Nobel Prize winners, such as Richard Stone and James Mirrlees, and how it remains a global force for the very best in teaching and research in economics. With original contributions from a stellar cast, this volume provides economists – especially those interested in macroeconomics and the history of economic thought – with the first in-depth analysis of Cambridge economics. |
| a history of post keynesian economics since 1936: Keynes' General Theory Thomas Cate, 2012-01-01 This volume, a collection of essays by internationally known experts in the area of the history of economic thought and of the economics of Keynes and macroeconomics in particular, is designed to celebrate the 75th anniversary of the publication of The General Theory. The essays contained in this volume are divided into four sections. The first section contains three essays that explore the concept of fundamental uncertainty and its unique role in The General Theory. The second section contains five essays that examine the place of The General Theory in the history of macroeconomics since 1936. The third section contains three essays that explore the interrelationships among Keynes, Friedman, Kaldor, Marx and Sraffa and their approaches to macroeconomic theory and policy. The final section contains four essays that provide several new interpretations of The General Theory and its position within macroeconomics. Keynes's General Theory is intended for those students and scholars who are interested in the economics of Keynes and the rich variety of approaches to macroeconomic theory and policy. |
| a history of post keynesian economics since 1936: The 'Uncertain' Foundations of Post Keynesian Economics Stephen Dunn, 2010-04-05 Pt. 1. The uncertain foundations of post Keynesian economics -- pt. 2. The nature of uncertainty -- pt. 3. The future of post Keynesianism. |
| a history of post keynesian economics since 1936: Money, Uncertainty and Time Giuseppe Fontana, 2008-09-11 This excellent new book from one of the brightest young economists, Giuseppe Fontana, involves a compendium of issues surrounding uncertainty, money and time. Fontana shines a post Keynesian light onto statements and claims made by well-known neo-classical authors and as such leaves readers with an interesting and informative book to be read and re-read by all those scholars and students involved with monetary economics. |
| a history of post keynesian economics since 1936: Reforming Capitalism for the Common Good Whalen, Charles J., 2022-08-23 In this book of carefully selected essays, Charles Whalen presents constructive analyses of vital economic problems confronting the United States since the 1970s, giving special attention to challenges facing working families. The analyses are grounded in Whalen’s career of more than three decades, during which he has gleaned insight from institutional and post-Keynesian economics and contributed to national economic policy-making, equitable regional development, and worker engagement in business decisions. The result is a compelling case for reforming capitalism by addressing workers’ interests as an integral part of the common good, and for reconstructing economics in the direction of post-Keynesian institutionalism. |
| a history of post keynesian economics since 1936: Complexity, Endogenous Money and Macroeconomic Theory Mark Setterfield, 2006-01-01 That the chapters in the volume cover such a wide range of important, often fundamental, topics is a proper tribute to Basil Moore s influence and contributions over his working life. From the foreword by G.C. Harcourt, Jesus College, Cambridge, UK During a distinguished career, Basil Moore has made numerous important contributions to macroeconomics and monetary economics, and is renowned as the progenitor of the horizontalist analysis of endogenous money. More recently, he has embraced complexity theory as part of an ongoing effort to understand macroeconomics as an evolving, path-dependent process. This book celebrates and explores Basil Moore s interests in and contributions to monetary and macroeconomic theory. Complexity, Endogenous Money and Macroeconomic Theory features original essays by internationally acclaimed and expert authors. It comprises a selection of papers on five distinct but interrelated themes: economic concepts, tools and methodology; complexity, uncertainty and path dependence; the macroeconomics of endogenous money; the macroeconomics of exogenous interest rates; and unemployment, inflation and the determination of aggregate income. These papers combine to provide a comprehensive methodological and theoretical discussion of the macroeconomics of a monetary production economy. The book will be of interest to professionals and research students in the fields of macroeconomics and monetary economics especially those with an interest in the Post Keynesian approach to analyzing these fields, including the wide audience that has been reached by the contributions of Basil Moore himself. |
| a history of post keynesian economics since 1936: Handbook of Alternative Theories of Political Economy Stilwell, Frank, Primrose, David, Thornton, Tim B., 2022-05-13 This Research Handbook advances entrepreneurship theory in new ways by integrating and contributing to contemporary theories of practice. Leading theorists and entrepreneurship experts, who are part of the growing Entrepreneurship as Practice (EaP) research community, expertly propose methodologies, theories and empirical insights into the constitution and consequences of entrepreneuring practices. |
| a history of post keynesian economics since 1936: The Legacy of John Kenneth Galbraith STEVEN PRESSMAN, 2013-10-18 When John Kenneth Galbraith passed away on April 29, 2006, the economics profession lost one of its true giants. And this is not just because Galbraith was an imposing figure at 6 feet, 9 inches tall. Throughout his life, Galbraith advised Presidents, made important professional contributions to the discipline of economics, and also tried to explain economic ideas to the general public. This volume pays tribute to Galbraith’s life and career by explaining some of his major contributions to the canon of economic ideas. The papers describe the series of unique contributions that Galbraith made in many different areas. He was a founder of the Post Keynesian view of money, and a proponent of the Post Keynesian view that price controls were necessary to deal with the problem of inflation in a modern economy where large firms already control prices and prices are not determined by the market. He promulgated the view that firms manipulate individual preferences and tastes, through advertising and other means of persuasion, and he drew out the economic implications of this view. He was a student of financial frauds and euphoria, and a forerunner of the Post Keynesian/Minskean view of finance and how financial markets really work. This book was published as a special issue of the Review of Political Economy. |
| a history of post keynesian economics since 1936: Nicholas Kaldor J. King, 2008-12-17 This book explores the life and work of Nicholas Kaldor, examining the influences that shaped and inspired his writings, and looks in detail at the crucial part he played in twentieth-century economics. Offering a comprehensive intellectual portrait of Kaldor, this book explains this great economist's importance in his own time and in ours. |
| a history of post keynesian economics since 1936: Macroeconomic Methodology Jesper Jespersen, 2011-01-01 Methodological practice is at the heart of divisions between schools of macroeconomic thought. Jesper Jespersen s book explains why and precisely how, and gives the reader the insight to choose between rival approaches. His own inspiration comes from Critical Realism and Popper s Three World analysis, with Keynes as the main exponent of a realist approach. The starting point of realist theory is a view of how the world is, rather than axioms, and the test is whether the theory can make, as Jespersen puts it, the round trip back to reality , to give practical guidance to policy. This is only the focal point of a rich and attractive canvas. How I wish this book had been available when I taught methodology! And how I wish economists from all schools of thought would read it! Victoria Chick, University College London, UK This welcome volume by Jesper Jespersen offers an up-to-date realist approach to macroeconomics, drawing on recent developments in methodology, notably critical realism, as well as earlier Popperian ideas. He shows how economics in the Post-Keynesian tradition, using this approach, can address the important macro policy issues, and sets out a seven-point agenda for future theory development. This book provides an important launching-off point for addressing macroeconomic questions without the need for the abstractions as narrowly rational representative agents. Rather Jespersen explores the interdependencies between the macro and micro levels in real economic processes under conditions of uncertain knowledge. Sheila Dow, University of Stirling, UK Jesper Jespersen presents a treatise on the importance of the choice of methodology within macroeconomics. Given that no scientifically based macroeconomic policy recommendation should be established without an evaluation of the methods employed, this book gives a clear exposition of how proper macroeconomic analysis should be undertaken. Furthermore, it is convincingly argued that one of the lasting contributions of John Maynard Keynes was his emphasis on methodology; that macroeconomic consequences of uncertainty could not be analysed within the established general equilibrium framework. It is due to post-Keynesian economics supported by critical realism that the understanding of Keynes s methodology has been resurrected, which has eventually resulted in renewed debate on realistic macroeconomic policies to restore full employment without inflation. Macroeconomic Methodology is an inquiry into the question of how to conduct a proper scientific analysis of uncertainty within macroeconomics. It will be of great interest to scholars of the philosophy of social sciences and methodology, as well as post-Keynesian and heterodox economists. |
| a history of post keynesian economics since 1936: Money, Distribution Conflict and Capital Accumulation E. Hein, 2007-12-19 This book demonstrates that 'monetary analysis', as contained in Post-Keynesian monetary theories, but also in the Neo-Ricardian monetary theory of distribution and in Marx's monetary analysis, can be integrated into Post-Keynesian models of distribution of growth in a convincing way. |
| a history of post keynesian economics since 1936: Financial Crisis and the Failure of Economic Theory Jorge Turmo Arnal, 2015-10-06 The global financial crisis of 2008 was largely unpredicted. If economic theory has a role to play in predicting future catastrophes then the methods we rely on need to change. The authors of this study propose a new theory of economics based on more detailed understanding of how and why people behave as they do within their environment. This anthropological approach uses the strengths of many existing economic theories, including Keynesian and Austrian economics, to present a new framework for anticipating and averting the financial crises of the future. |
| a history of post keynesian economics since 1936: Essays in the History of Economics William Henderson, Kirk D. Johnson, Marianne F. Johnson, Warren J. Samuels, 2004-05-20 Under the impressive editorship of Warren Samuels et al, this book addresses the state of the history of economic thought today. A relevant and important contribution to economics that will develop an unsurprising number of fans. |
A history of post-Keynesian economics
Keynesian economics has evolved from a loosely associated grouping of dissenting ideas to a body of theories addressing a particular vision of interrelated aspects of the capitalist process. …
Post Keynesian Economics since 1936: A History of a Promise …
Post Keynesian Economics since 1936: A History of a Promise That Bounced? Author(s): Eric Tymoigne and Frederic S. Lee Source: Journal of Post Keynesian Economics, Vol. 26, No. 2 …
A History of Posi Keynesian Economics Since 1936-
A History of Posi Keynesian Economics Since 1936-J.E. King Professor of Economics, Department of Economics and Finance, La Trobe University, Australia Edward Elgar ^ …
Post-Keynesian: A rare example of a post-concept in …
Post-Keynesian: A rare example of a post-concept in economics. Roger E. Backhouse. Introduction. For John King, author of . A History of Post Keynesian Economics since . 1936, …
A History Of Post Keynesian Economics Since 1936
Post-Keynesian Economics (1978) is still seen as the definitive staging post for those wishing to familiarise themselves with the Post-Keynesian School. This book brings the story up-to-date.
History and Fundamentals of (Post-)Keynesian Economics
Basil Moore and Paul Davidson go to Cambridge on their sabbatical, and Davidson finishes his Money and the Real World (1972), describing the various schools of thought in …
A history of Post Keynesian economics
Abstract: This paper discusses three controversial questions to which I was naturally led by the reading of John E. King's A History of Post Keynesian Economics Since 1936 (2002). First, did …
A History Of Post Keynesian Economics Since 1936
Since 1936, raises the question of whether there exists a body of work which can be called, collectively, post Keynesian. This paper presents some criteria for addressing this question, …
History and Fundamentals of Post-Keynesian Macroeconomics
• 1. We set post-Keynesian economics within a set of multiple heterodox schools of thought, in opposition to mainstream schools and quickly identify the main features (presuppositions) of …
Post Keynesian Economics since 1936: A History of a Promise …
Post Keynesian Economics since 1936: A History of a Promise That Bounced? Created Date: 20160802051950Z ...
A History Of Post Keynesian Economics Since 1936
unique comprehensive and international history of the post Keynesian approach to economics since 1936 the author locates the origins of post Keynesian economics in the conflicting initial …
REFLECTIONS ON THE DEVELOPMENT OF POST KEYNESIAN …
A review essay on John E. King, A History of Post Keynesian Economics Since 1936, Cheltenham (uk) and Northampton (ma), (usa), Edward Elgar, 2002, vii+316. John King is a well-known …
J. E. King: A History of Post Keynesian Economics since 1936
J. E. King: A History of Post Keynesian Economics since 1936. Cheltenham: Edward Elgar, 2002, vii; 316 pp. 本書は, ポスト・ケインズ派経済学の誕生と,
A History of Post Keynesian Economics Since 1936: A Review …
J. E. King has written an excellent, and for the most part, unbiased history of Post-Keynesian economics. The book can be roughly divided into two parts. Chapters 1Y7, B... is the story of …
Introduction to Post-Keynesian Economics: Methods, History, …
•Defining the contours of a post-Keynesian paradigm in economics, Davidson (1972), Eichner/Kregel (1975), Eichner (1978) •Robinson/Eatwell (1973): introductory textbook along
History of Post Keynesian Economics* - Springer
History of Post Keynesian Economics. King states that although Post Keynesian theory mounted a major challenge to orthodox macroeconomics in the last few decades, it has "ultimately. …
A History Of Post Keynesian Economics Since 1936
unique comprehensive and international history of the post Keynesian approach to economics since 1936 the author locates the origins of post Keynesian economics in the conflicting initial …
What is Post-Keynesian Economics? An Introduction to the …
Eichner and Kregel claim that a new Paradigm has been born, called Post-Keynesian economics. Purpose: to explain the real world as observed empirically. The establishment of links between …
History and Fundamentals of Post-Keynesian Economics
Integrated analysis of money, finance, distribution conflict, effective demand, capital accumulation and growth and its application to changing institutional and historical circumstances, i.e. …
A History of Post Keynesian Economics Since 1936 - hse.ru
A History of Post Keynesian Economics Since 1936 J.E. King Professor of Economics, Department of Economics and Finance, La Trobe University, Australia
A history of post-Keynesian economics
Keynesian economics has evolved from a loosely associated grouping of dissenting ideas to a body of theories addressing a particular vision of interrelated aspects of the capitalist process. King …
Post Keynesian Economics since 1936: A History of a …
Post Keynesian Economics since 1936: A History of a Promise That Bounced? Author(s): Eric Tymoigne and Frederic S. Lee Source: Journal of Post Keynesian Economics, Vol. 26, No. 2 …
A History of Posi Keynesian Economics Since 1936-
A History of Posi Keynesian Economics Since 1936-J.E. King Professor of Economics, Department of Economics and Finance, La Trobe University, Australia Edward Elgar ^ Cheltenham, UK • …
Post-Keynesian: A rare example of a post-concept in …
Post-Keynesian: A rare example of a post-concept in economics. Roger E. Backhouse. Introduction. For John King, author of . A History of Post Keynesian Economics since . 1936, post-Keynesian …
A History Of Post Keynesian Economics Since 1936
Post-Keynesian Economics (1978) is still seen as the definitive staging post for those wishing to familiarise themselves with the Post-Keynesian School. This book brings the story up-to-date.
History and Fundamentals of (Post-)Keynesian Economics
Basil Moore and Paul Davidson go to Cambridge on their sabbatical, and Davidson finishes his Money and the Real World (1972), describing the various schools of thought in macroeconomics. …
A history of Post Keynesian economics
Abstract: This paper discusses three controversial questions to which I was naturally led by the reading of John E. King's A History of Post Keynesian Economics Since 1936 (2002). First, did …
A History Of Post Keynesian Economics Since 1936
Since 1936, raises the question of whether there exists a body of work which can be called, collectively, post Keynesian. This paper presents some criteria for addressing this question, …
History and Fundamentals of Post-Keynesian Macroeconomics
• 1. We set post-Keynesian economics within a set of multiple heterodox schools of thought, in opposition to mainstream schools and quickly identify the main features (presuppositions) of …
Post Keynesian Economics since 1936: A History of a …
Post Keynesian Economics since 1936: A History of a Promise That Bounced? Created Date: 20160802051950Z ...
A History Of Post Keynesian Economics Since 1936
unique comprehensive and international history of the post Keynesian approach to economics since 1936 the author locates the origins of post Keynesian economics in the conflicting initial …
REFLECTIONS ON THE DEVELOPMENT OF POST …
A review essay on John E. King, A History of Post Keynesian Economics Since 1936, Cheltenham (uk) and Northampton (ma), (usa), Edward Elgar, 2002, vii+316. John King is a well-known …
J. E. King: A History of Post Keynesian Economics since …
J. E. King: A History of Post Keynesian Economics since 1936. Cheltenham: Edward Elgar, 2002, vii; 316 pp. 本書は, ポスト・ケインズ派経済学の誕生と,
A History of Post Keynesian Economics Since 1936: A …
J. E. King has written an excellent, and for the most part, unbiased history of Post-Keynesian economics. The book can be roughly divided into two parts. Chapters 1Y7, B... is the story of how …
Introduction to Post-Keynesian Economics: Methods, …
•Defining the contours of a post-Keynesian paradigm in economics, Davidson (1972), Eichner/Kregel (1975), Eichner (1978) •Robinson/Eatwell (1973): introductory textbook along
History of Post Keynesian Economics* - Springer
History of Post Keynesian Economics. King states that although Post Keynesian theory mounted a major challenge to orthodox macroeconomics in the last few decades, it has "ultimately. failed to …
A History Of Post Keynesian Economics Since 1936
unique comprehensive and international history of the post Keynesian approach to economics since 1936 the author locates the origins of post Keynesian economics in the conflicting initial …
What is Post-Keynesian Economics? An Introduction to the …
Eichner and Kregel claim that a new Paradigm has been born, called Post-Keynesian economics. Purpose: to explain the real world as observed empirically. The establishment of links between …
History and Fundamentals of Post-Keynesian Economics
Integrated analysis of money, finance, distribution conflict, effective demand, capital accumulation and growth and its application to changing institutional and historical circumstances, i.e. …
