The Oxford Handbook of Post-Keynesian Economics, Volume 2: Critiques and Methodology

doi:10.1093/oxfordhb/9780195390759.001.0001

The Oxford Handbook of Post-Keynesian Economics, Volume 2: Critiques and Methodology

Edited by G. C. Harcourt and Peter Kriesler

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.

Keywords: John Maynard Keynes, post-Keynesian economics, macroeconomics, development economics, financial markets, Hyman Minsky, Piero Sraffa, aggregate fluctuations, money, prices

Bibliographic Information

Publisher:: Oxford University Press

Print Publication Date:: Sep 2013

ISBN:: 9780195390759

Published online:: Dec 2013

DOI:: 10.1093/oxfordhb/9780195390759.001.0001

Editors

G. C. Harcourt, editor
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, editor
Peter Kriesler is Associate Professor in the School of Economics at the University of New South Wales

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Front Matter
- The Oxford Handbook of Post-Keynesian Economics Volume 2
- The Oxford Handbook of Post-Keynesian Economics: Volume 2 Critiques and Methodology
- Preface
- Contributors
IntroductionG. C. Harcourt and Peter Kriesler
On the Microfoundations of MacroeconomicsS. Abu Turab Rizvi
Post-Keynesian Economics, Rationality, and ConventionsThomas A. Boylan and Paschal F. O’Gorman
Methodology and Post-Keynesian EconomicsSheila Dow
Post-Keynesian Perspectives on Some Philosophical Dimensions of Keynes’s Economic ThinkingGay Meeks
Two Post-Keynesian Approaches to Uncertainty and Irreducible UncertaintyRod O’Donnell
Interdisciplinary Applications of Post-Keynesian EconomicsWylie Bradford
Post-Keynesian Economics, Critical Realism, and Social OntologyStephen Pratten
The Traverse, Equilibrium Analysis, and Post-Keynesian EconomicsJoseph Halevi, Neil Hart, and Peter Kriesler
A Personal View of Post-Keynesian Elements in the Development of Economic Complexity Theory and Its Application to PolicyJ. Barkley Rosser Jr.
How Sound are the Foundations of the Aggregate Production Function?Jesus Felipe and J. S. L. McCombie
Marx and the Post-KeynesiansClaudio Sardoni
Macroeconomics and the L-Shaped Aggregate Supply CurveJames Forder
A Post-Keynesian Perspective on the Rise of Central Bank Independence: A Dubious Success Story in Monetary EconomicsJürg Bibow
The Post-Keynesian Critique of the Mainstream Theory of the State and the Post-Keynesian Approaches to Economic PolicyRichard P. F. Holt
A Modern Kaleckian-Keynesian Framework for Economic Theory and PolicyPhilip Arestis and Malcolm Sawyer
Post-Keynesian Principles and Economic PoliciesHeinrich Bortis
Post-Keynesian Distribution of Personal Income and PayJames K. Galbraith
Environmental Economics and PolicyNeil Perry
Theorizing About Post-Keynesian Economics in Australasa: Aggregate Demand, Economic Growth, and Income Distribution PolicyJ. W. Nevile and Paul Dalziel
The Neoclassical Sink and the Heterodox Spiral: Why the Twin Global Crisis has not Transformed EconomicsGary A. Dymski
Keynesianism and the CrisisLance Taylor
End Matter
- Index

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date: 07 July 2020

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The Oxford Handbook of Post-Keynesian Economics, Volume 2: Critiques and Methodology

Edited by G. C. Harcourt and Peter Kriesler

Abstract

Bibliographic Information

Editors

Contents