The Oxford Handbook of Post-Keynesian Economics, Volume 2: Critiques and Methodology
The Oxford Handbook of Post-Keynesian Economics, Volume 2: Critiques and Methodology
G. C. Harcourt is Emeritus Reader in the History of Economic Theory, Cambridge (1998); Emeritus Fellow, Jesus College, Cambridge (1988), Professor Emeritus, Adelaide (1988); currently Visiting Professorial Fellow, University of New South Wales (2010–13)
Peter Kriesler is Associate Professor in the School of Economics at the University of New South Wales
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Abstract
This book analyzes Keynesian foundations of post-Keynesian economics, focusing on how uncertainty and liquidity revoke Say’s law. It explains the key features of Michał Kalecki’s analysis of a capitalist economy and examines his macroeconomics in the short-run. It also provides a brief overview of post-Keynesian contributions to the study of the economic problems of least developed countries, also known as development economics. In addition, the book tackles the financial markets, considers Hyman Minsky’s financial instability hypothesis, and discusses Sidney Weintraub’s criticism of the neoclassical-Keynesian synthesis. The book also analyzes Piero Sraffa’s role in the criticism of mainstream theory and the development of post-Keynesian economics, assesses the contributions and the evolution of Wynne Godley’s views on money, and examines the notion of “center of gravitation” in the classical tradition. Other chapters look at a post-Keynesian theory of aggregate fluctuations, comment on Luigi Pasinetti’s systematic attempt to integrate Sraffa’s and John Maynard Keynes’s core theoretical messages as elements of a more general theoretical framework, and describe post-Keynesian approaches towards the making and implications of industrial prices.
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Front Matter
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Introduction
G. C. Harcourt andPeter Kriesler
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1
On the Microfoundations of Macroeconomics
Abu Rizvi
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2
Post-Keynesian Economics, Rationality, and Conventions
Tom Boylan andPaschal O'Gorman
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3
Methodology and Post-Keynesian Economics
Sheila C. Dow
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4
Post-Keynesian Perspectives on Some Philosophical Dimensions of Keynes’s Economic Thinking
Gay Meeks
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5
Two Post-Keynesian Approaches to Uncertainty and Irreducible Uncertainty
Rod O'Donnell
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6
Interdisciplinary Applications of Post-Keynesian Economics
Wylie Bradford
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7
Post-Keynesian Economics, Critical Realism, and Social Ontology
Stephen Pratten
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8
The Traverse, Equilibrium Analysis, and Post-Keynesian Economics
Joseph Halevi and others
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9
A Personal View of Post-Keynesian Elements in the Development of Economic Complexity Theory and Its Application to Policy
Barclay Rosser
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10
How Sound are the Foundations of the Aggregate Production Function?
Jesus Felipe andJohn McCombie
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11
Marx and the Post-Keynesians
Claudio Sardoni
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12
Macroeconomics and the L-Shaped Aggregate Supply Curve
James Forder
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13
A Post-Keynesian Perspective on the Rise of Central Bank Independence: A Dubious Success Story in Monetary Economics
Joerg Bibow
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14
The Post-Keynesian Critique of the Mainstream Theory of the State and the Post-Keynesian Approaches to Economic Policy
Richard Holt
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15
A Modern Kaleckian-Keynesian Framework for Economic Theory and Policy
Philip Arestis andMalcolm Sawyer
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16
Post-Keynesian Principles and Economic Policies
Heinrich Bortis
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17
Post-Keynesian Distribution of Personal Income and Pay
James K. Galbraith
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18
Environmental Economics and Policy
Neil Perry
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19
Theorizing About Post-Keynesian Economics in Australasa: Aggregate Demand, Economic Growth, and Income Distribution Policy
Paul Dalziel andJ. W. Nevile
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20
The Neoclassical Sink and the Heterodox Spiral: Why the Twin Global Crisis has not Transformed Economics
Gary Dymski
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21
Keynesianism and the Crisis
Lance Taylor
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End Matter
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