Structure of Post-Keynesian Economics: The Core by G. C. Harcourt

By G. C. Harcourt

This can be a significant contribution to post-Keynesian notion. With stories of the most important pioneers - Keynes himself, Kalecki, Kahn, Goodwin, Kaldor, Joan Robinson, Sraffa and Pasinetti - G. C. Harcourt emphasizes their confident contributions to theories of distribution, pricing, accumulation, endogenous cash and progress. The propositions of past chapters are introduced jointly in an built-in narrative and interpretation of the key episodes in complex capitalist economics within the post-war interval, resulting in a dialogue of the relevance of post-Keynesian principles to either our knowing of economics and to policy-making. The appendices contain biographical sketches of the pioneers and research of the conceptual middle in their discontent with orthodox theories. Drawing at the author's event of educating and getting to know over fifty years, this publication will attract undergraduate and graduate scholars attracted to replacement ways to theoretical, utilized and coverage matters in economics, in addition to to lecturers and researchers in economics.

Show description

Read or Download Structure of Post-Keynesian Economics: The Core Contributions of the Pioneers PDF

Similar macroeconomics books

Currency competition and foreign exchange markets

Foreign money festival and foreign currencies Markets is a huge new theoretical and empirical examine of overseas currencies that makes a speciality of the function the Euro (the destiny eu foreign money) will play within the foreign financial and fiscal process, in addition to the USA buck and the japanese yen. not like a lot of the prevailing literature that techniques the topic from a macroeconomic standpoint, Philipp Hartmann develops a theoretical version that makes use of video game conception, time sequence and panel econometrics, and hyperlinks monetary markets research with transaction rate economics.

Money, Crises, and Transition: Essays in Honor of Guillermo A. Calvo

Essays by means of in demand students and policymakers honor the most influential macroeconomists of the final thirty years, discussing the topics in the back of his paintings.

Market Socialism or the Restoration of Capitalism? (International Council for Central and East European Studies)

The cave in of communism in jap Europe has raised a few questions in regards to the destiny process their economies. Has capitalism gained or is anything varied rising? Has marketplace socialism vanished for strong? How can the transitionary interval be controlled and what impact will it have at the way of life in jap Europe?

Handbook of Tourism Economics: Analysis, New Applications and Case Studies

Instruction manual of Tourism Economics: research, New functions and Case reports offers an updated, concise and readable assurance of crucial themes in tourism economics. It can pay realization to correct conventional issues in tourism economics in addition to intriguing rising subject matters during this box -- issues that are anticipated to be of constant value.

Extra info for Structure of Post-Keynesian Economics: The Core Contributions of the Pioneers

Sample text

Price, quantity from new capacity. 13. Determination of extra capacity needed. p2p2 and p1p1 intersect to give a price of p1 and an output of EQN1. Only at this point are the two sets of expectations consistent – that is to say, what is to be produced with the new capacity (together with the old) can be sold at that price and the price provides the finance to ‘pay’ for it. 14. Determination of investment expenditure. funds relative to the finance required for the investment to provide the extra capacity to produce the extra output which can be sold at that price.

Wood’s opportunity frontier. 2. Wood’s finance frontier. 3). The area within OF satisfies the first constraint and the area above FF satisfies the second constraint. Where they intercept gives the highest growth possible in the existing situation, g1, and so p1 is the chosen profit margin. So far, we have arbitrarily supposed there to be only one best-practice technique (k) available to the firm at any moment of time. Suppose, though, that there is a complete set of ks available. 3. The optimum p, g combination.

Kalecki also follows Keynes’, in many ways unfortunate, procedure in the light of subsequent interpretations of The General Theory, of assuming a constant money-wage. 15 Now the analysis proper begins. The level of production, Kalecki argues, depends upon employment and its allocation to particular 14 15 This was always a characteristic of Kalecki’s procedures – make simplifying assumptions that allow us to bring out starkly and clearly the processes at work without leaving out essential determinants of the economy’s behaviour which are relevant for the particular issue being analysed – surely the mark of an inspired theorist and an example of how important is the role of judgement in the making of a really great economist.

Download PDF sample

Rated 4.32 of 5 – based on 11 votes