Social Fairness and Economics

Introduction Lance Taylor, Armon Rezai and Thomas Michl Personal Remarks: Festschrift Conference, April 21, 2012 Duncan Foley Part I: Socio-Economic Ideology and Methodology 1. Keynes and Marx, Duncan and Me Michael Piore 2. The Sophisticated Legislator and Adam's Fallacy Samuel Bowles 3. The Role of Duncan Foley in the Emergence of the Complexity Concept in Economics J. Barkley Rosser, Jr. 4. Statistical Mechanics Approach to the Probability Distributions of Money, Wealth, Income, and Energy Consumption Victor Yakovenko Part II: Neoclassical Economics: Dispersed and Decentralized Exchange 5. Production Decentralized by Decentralized Exchange A. J. Julius 6. Positional Goods, Climate Change, and the Social Returns to Investment Leila Davis and Peter Skott 7. Markets with Black Swans Graciela Chichilnisky 8. Equilibrium versus Market Efficiency Joseph McCauley 9. Foley's Thesis, Negishi's Method, Existence Proofs and Computation K. Vela Velupillai Part III: Classical Political Economy: Growth and Distribution 10. Applying the Labour Theory of Value 1964-2009 Simon Mohun 11. The Sources of Profitability Peter Flaschel, Nils Froehlich and Roberto Veneziani 12. On the "Vexata Questio of Value": Ricardo, Marx and Sraffa Heinz Kurz and Neri Salvadori 13. Duncan Foley's Circuit of Capital Model for an Open Economy Martin Abeles 14. Production, Circuits of Capital, and Flows and Stocks in National Accounts Anwar Shaikh 15. Endogenous Technological Change in Classical-Marxian Models of Growth and Distribution Amitava Krishna Dutt 16. Macroeconomics of Keynesian and Marxian Inspirations: Toward a synthesis Gerard Dumenil and Dominique Levy 17. A Model of Fiscal and Monetary Policy Thomas Michl 18. Consequences of Downsizing in U.S. Manufacturing, 1967 to 1997 Edward Wolff Part IV: Complexity: Barriers and Bounds to Rationality 19. Market Ecology and the Economics of Crisis Rajiv Sethi 20. Market Complexity and the Nature of Crises in Financial Markets Philip Mirowski 21. The Inherent Hierarchy of Money Perry Mehrling