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Full Description
Joseph Halevi, G. C. Harcourt, Peter Kriesler and J. W. Nevile bring together a collection of their most influential papers on post-Keynesian thought. Their work stresses the importance of the underlying institutional framework, of the economy as a historical process and, therefore, of path determinacy. In addition, their essays suggest the ultimate goal of economics is as a tool to inform policy and make the world a better place, with better being defined by an overriding concern with social justice.
Volume IV explores theory.
Contents
List of Figures List of Tables Preface Economic Theory 1. The crisis in mainstream economics; Harcourt 2. On the concepts of period and run in economic theory; Harcourt 3. Partial equilibrium analysis; Kriesler 4. Exchange value; Kriesler 5. Expectations and unemployment; Nevile and Kriesler 6. Aggregate demand and supply analysis: a story in the wrong language; Nevile 7. The use and abuse of aggregate demand and supply functions; Nevile and B. Bhaskara Rao 8. Has the long-run Phillips curve turned horizontal?; Craig Freedman, Harcourt and Kriesler 9. Some notes on classical political economy and the rise to dominance of supply and demand theories; Halevi 10. Accumulation, breakdown crises, disproportionality, and effective demand; Halevi 11. Structure and growth; Halevi 12. Capital and growth: its relevance as a critique of neoclassical and classical economic theories; Halevi 13. Marx or Hicks? Structural proportions and crisis: the transition from the first to the third volume of capital; Halevi and Kriesler 14. Employment and planning; Halevi 15. The composition of investment under conditions of non-uniform changes; Halevi 16. Structural analysis of development and underdevelopment; Halevi 17. Lowe, Dobb and Hicks; Halevi 18. Harcourt, Hicks and Lowe: incompatible bedfellows?; Kriesler 19. The traverse, equilibrium analysis, and post-Keynesian economics; Halevi, Neil Hart and Kriesler Post -Keynesian Economics 20. The structure of post-Keynesian economics: the core contributions of the pioneers; Harcourt 21. Luigi Pasinetti: the senior living heir of the Cambridge School of Economics and the last of the great system-builders; Harcourt 22. Luigi Pasinetti and the political economy of growth and distribution; Halevi 23. The significance of the theory of vertically integrated processes for the problem of economic development; Halevi 24. Ronald Meek's 'magnificent' review article of Piero Sraffa's 1960 classic: Top Hit In Decade 1954-63; Harcourt 25. The importance of HUMBUG in Cambridge-Cambridge controversies in capital theory; Harcourt 26. Switching and employment; Halevi 27. Multiplier theory with tax rates as policy instruments; Nevile 28. Capacity utilization, inflation, and monetary policy: the Dumenil and Levy macro model and the New Keynesian consensus; Marc Lavoie and Kriesler 29. The new consensus on monetary policy and its post-Keynesian Critique; Kriesler and Lavoie 30. The rate of interest; Nevile 31. Comment on Professor Lerner's paper: a Marxist view; Halevi 32. Observations on Kaldorian and post-Keynesian Approaches to inflation; Halevi 33. Theorizing about post-Keynesian economics in Australasia: aggregate demand, economic growth and income distribution policy; Paul Dalziel and Nevile 34. Marxism and post-Keynesian economics; Halevi 35. Effective demand, capacity utilisation and the sectoral distribution of investment; Halevi 36. Capitalism and post-Keynesian economics: some critical observations; Halevi
