Post-Keynesian Essays from Down Under Volume IV: Essays on Theory [electronic resource] : Theory and Policy in an Historical Context /
Halevi, Joseph.author.
Harcourt, G. C.author.
Kriesler, Peter.author.
Nevile, J. W.author.
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.
Description based upon print version of record.
Cover; Contents; List of Figures and Tables; Preface; Acknowledgements; About the Authors; Introduction; Part I: Economic Theory; 1 The Crisis in Mainstream Economics; 2 On the Concepts of Period and Run in Economic Theory; 3 Partial Equilibrium Analysis; 4 Exchange Value; 5 Expectations and Unemployment; 6 Aggregate Demand and Supply Analysis: A Story in the Wrong Language; 7 The Use and Abuse of Aggregate Demand and Supply Functions; 8 Has the Long-Run Phillips Curve Turned Horizontal?; 9 Some Notes on Classical Political Economy and the Rise to Dominance of Supply and Demand Theories
10 Accumulation, Breakdown Crises, Disproportionality, and Effective Demand11 Structure and Growth; 12 Capital and Growth: Its Relevance as a Critique of Neo-Classical and Classical Economic Theories; 13 Marx or Hicks? Structural Proportions and Crisis: The Transition from the First to the Third Volume of Capital; 14 Employment and Planning; 15 The Composition of Investment under Conditions of Non Uniform Changes; 16 Structural Analysis of Development and Underdevelopment; 17 Lowe, Dobb and Hicks; 18 Harcourt, Hicks and Lowe: Incompatible Bedfellows?
19 The Traverse, Equilibrium Analysis, and Post-Keynesian EconomicsPart II: Post-Keynesian Economics; 20 The Structure of Post-Keynesian Economics: The Core Contributions of the Pioneers; 21 Luigi Pasinetti: The Senior Living Heir of the Cambridge School of Economics and the Last of the Great System-Builders; 22 Luigi Pasinetti and the Political Economy of Growth and Distribution; 23 The Significance of the Theory of Vertically Integrated Processes for the Problem of Economic Development; 24 Ronald Meek's "Magnificent" Review Article of Piero Sraffa's 1960 Classic: Top Hit in Decade 1954-63
25 The Importance of HUMBUG in The Cambridge-Cambridge Controversies in Capital Theory26 Switching and Employment; 27 Multiplier Theory with Tax Rates as Policy Instruments; 28 Capacity Utilization, Inflation, and Monetary Policy: The Duménil and Lévy Macro Model and the New Keynesian Consensus; 29 The New Consensus on Monetary Policy and Its Post-Keynesian Critique; 30 The Rate of Interest; 31 Comment on Professor Lerner's Paper: A Marxist View; 32 Observations on Kaldorian and Post-Keynesian Approaches to Inflation
33 Theorizing about Post-Keynesian Economics in Australasia: Aggregate Demand, Economic Growth and Income Distribution Policy34 Marxism and Post-Keynesian Economics; 35 Effective Demand, Capacity Utilisation and the Sectoral Distribution of Investment; 36 Capitalism and Post-Keynesian Economics: Some Critical Observations; Index
Includes bibliographical references and index.
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.
Economic theory.
Economic Theory/Quantitative Economics/Mathematical Methods.