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Full Description
Classical Economics, Keynes and Money casts new light on an approach to economic theory and policy that combines the modern classical theory of prices and income distribution with a Keynesian analysis of money and finance. Structured in four parts, the work considers issues within classical economics, monetary economics, Keynesian and post-Keynesian Economics, rationality and economic methodology. These themes are all central to the work of Carlo Panico, and the chapters both reflect on and build on his key contributions to the field. This collection is of interest to advanced students and researchers in the history of economic thought, monetary theory, financial economics and heterodox economics.
Contents
Chapter 1. Introduction, Chapter 2. Asking the right questions, Classical theory of value and distribution, Chapter 3. On Physical Real Cost, Labour and Metaphysics, Chapter 4. Sraffa and the problem of returns: A view from the Sraffa archive, Chapter 5. Class struggle and hired prize-fighters. A Marx-inspired perspective on the present state of economic theory and its social causes, Chapter 6. On the productiveness of welfare expenditures, Chapter 7. Is Ricardian intensive rent a Nash equilibrium?, Chapter 8. Organizations and institutions in Sraffa's thinking, Keynesian and Post-Keynesian theories of growth and distribution, Chapter 9. Key Elements of Post-Keynesian Economics, Chapter 10. Classical theories of wages and heterodox theories of distribution, Chapter 11. On changes and differences. Joan Robinson vs Sraffa, Chapter 12. Behavioral changes and distribution effects in a Pasinetti-Solow model, Monetary and fiscal policies and the role of institutions, Chapter 13. The Underground economy and the Financial market: A two sides relationship, Chapter 14. Latin America's macroeconomic policies and growth: an uncoordinated dance, Chapter 15. Election and Government Deficit Spending: Evidence from Italian Regions, Chapter 16. Monetary policy and national fiscal policies in the Euro area, Chapter 17. Monetary policy and financial stability in the economic and monetary union, The problem of rationality in economics, Chapter 18. Economics situational rationality, Chapter 19. Rationality, Uncertainty, and Ecological Adaptation
