- A Personal View of the Origin of Post-Keynesian Ideas in the History of Economics
- Sraffa, Keynes, and Post-Keynesianism
- Sraffa, Keynes, and Post-Keynesians Suggestions for a Synthesis in the Making
- On the Notion of Equilibrium or the Center of Gravitation in Economic Theory
- Keynesian Foundations of Post-Keynesian Economics
- Post-Keynesian Theories of Money and Credit Conflicts and (some) Resolutions
- The Scientific Illusion of New Keynesian Monetary Theory
- Single-Period Analysis and Continuation Analysis of Endogenous Money A Revisitation of the Debate between Horizontalists and Structuralists
- Post-Keynesian Monetary Economics, Godley-Like
- Hyman Minsky and the Financial Instability Hypothesis
- Endogenous Growth A Kaldorian Approach
- Structural Economic Dynamics and the Cambridge Tradition
- The Cambridge Post-Keynesian School of Income and Wealth Distribution
- Reinventing Macroeconomics What are the Questions?
- Long-Run Growth in Open Economies Export-led Cumulative Causation or a Balance-of-payments Constraint?
- Postkeynesian Precepts for Nonlinear, Endogenous, Nonstochastic, Business Cycle Theories
- Post-Keynesian Approaches to Industrial Pricing A Survey and Critique
- Post-Keynesian Price Theory From Pricing to Market Governance to the Economy as a Whole
- Kaleckian Economics
- Wages Policy
- Discrimination in the Labor Market
- Post-Keynesian Perspectives on Economic Development and Growth
- Keynes and Economic Development
- Post-Keynesian Economics and the Role of Aggregate Demand in Less-Developed Countries
Abstract and Keywords
Joan Robinson asked, “What are the Questions?” in her seventy-fifth year. Economics, she felt, was no longer focusing on the important issues; it had become bogged down in the mathematical detail of models. She asked this because she wanted to force the profession to face the fact that there was very little apparent progress in economics. It was time to ask again what was economics supposed to explain, in particular, not only how growth took place, but what was the point of growth and economic expansion, what were they for? This chapter considers two kinds of questions. First are those that concern how each of the different parts of the macro-system work—production, labor market, money and banking, taxation and government spending. Second are those questions about how these different parts interact, how they are tied together to make a system that works in a certain way—inflation and Phillips curves, for example.
Edward J. Nell is the Malcolm B. Smith Professor of Economics at the New School for Social Research in New York City.
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