Contemporary Post Keynesian Analysis
Published on 27. January 2005
Book
Hardback
368 pages
978-1-84376-460-1 (ISBN)
Description
Original articles by leading scholars of post Keynesian economics make up this authoritative collection. Current topics of the greatest interest are covered, such as: perspectives on current economic policy; post Keynesian approaches to monetary theory and policy; economic development, growth and inflation; Kaleckian perspectives on distribution; economic methodology; and history of heterodox economic theory.The contributors explore a variety of prevailing issues including: wage bargaining and monetary policy in the EMU; the meaning of money in the internet age; stability conditions for small open economies; and economic policies of sustainable development in countries transitioning to a market economy. Other enduring matters are examined through the lens of economic theorists - Kaleckian dynamics and evolutionary life cycles; a comparison between Keynes's and Hayek's economic theories; and an analysis of the power of the firm based on the work of Joan Robinson, to name a few.
Students and scholars of post Keynesian economics and those with an interest in other heterodox schools of thought will find this enlightening volume a valuable addition to their reading.
Students and scholars of post Keynesian economics and those with an interest in other heterodox schools of thought will find this enlightening volume a valuable addition to their reading.
Reviews / Votes
'. . . this book usefully presents topical issues in the field of post Keynesian economics. . . this collection deserves praise for exposing readers to the tradition of economic thought built on the work of Keynes and the Cambridge tradition.' -- Matthias Greiff, Review of Political EconomyMore details
Language
English
Place of publication
Cheltenham
United Kingdom
Target group
Professional and scholarly
Dimensions
Height: 234 mm
Width: 156 mm
ISBN-13
978-1-84376-460-1 (9781843764601)
Copyright in bibliographic data is held by Nielsen Book Services Limited or its licensors: all rights reserved.
Schweitzer Classification
Persons
Edited by L. Randall Wray, Senior Scholar and Professor of Economics, Levy Economics Institute, Bard College, US and Mathew Forstater, Associate Professor of Economics and Director, Center for Full Employment and Price Stability, University of Missouri, Kansas City, US
Content
Contents: Part I: Post Keynesian Perspectives on Current Economic Policy 1. Wage Bargaining and Monetary Policy in the EMU: A Post Keynesian Perspective 2. Public Debt and Private Wealth 3. Exploring the Economics of Euphoria: Using Post Keynesian Tools to Understand the US Bubble and its Aftermath Part II: Post Keynesian Approaches to Monetary Theory and Policy 4. Money in the Time of the Internet: Electronic Money and its Effects 5. Understanding the Implications of Money Being a Social Convention 6. Demand Management and the Monetary System: Do Currency Boards and Currency Unions Spell the End for Keynesian Policy? Part III: Post Keynesian Contributions on Development, Growth and Inflation 7. Stability Conditions for a Small Open Economy 8. Mexico: Strong Currency and Weak Economy 9. Economic Policy of Sustainable Development in the Countries of Transition Towards a Market Economy 10. Allied, German and Latin Perspectives on Inflation Part IV: Kaleckian Perspectives on Growth, Inflation and Distribution 11. Commodity Prices and the Dynamics of Inflation in Australia 12. Innovation and Investment in Capitalist Economies, 1870-2000: Kaleckian Dynamics and Evolutionary Life Cycles 13. Kalecki's Theory of Income Distribution: The Answer to a Maiden's Prayer? Part V: Methodology 14. On the Relation Between Individual and Collective Beliefs: A Comparison Between Keynes's and Heyek's Economic Theories 15. A Keynesian Critique of Recent Applications of Risk-Sensitive Control Theory in Macroeconomics 16. Presenting 'Demi-Regularities' of Pricing Behaviour: The Need for Triangulation Part VI: Issues in the History of Thought 17. Analysing and Fighting Recession with Reference to Keynes 18. From Say's Law to Keynes, from Keynes to Walras's Law: Some Ironies in the History of Economic Thought 19. Power of the Firm and New Mercantilism: An Analysis Based on Joan Robinson's Thought Index