Capital Controversy, Post Keynesian Economics and the History of Economic Thought

Philip Arestis, Gabriel Palma, Malcolm Sawyer

• List of figures, List of tables, List of contributors, Foreword, Geoff Harcourt: A tribute, Introduction, 1 A CAMBRIDGE ECONOMIST BUT AN AUSTRALIAN PATRIOT, 2 NOTES ON THE SURPLUS APPROACH IN POLITICAL ECONOMY, 3 THE SAVINGS DEBATE IN AUSTRALIA AND THE MEANING OF CAPITAL, 4 KEYNESIAN MACROECONOMICS AND THE CAPITAL DEBATES, 5 RESWITCHING, SOCIAL DISCOUNT RATE AND ENVIRONMENTALISM: A NOTE, 6 THE PRODUCTIVITY OF WORKING AND WAITING: STATIC AND DYNAMIC ASPECTS OF THE CAPITAL CONTROVERSY, 7 FIXED CAPITAL AS A PROBLEM IN JOINT PRODUCTION: SOME HISTORICAL CONSIDERATIONS, 8 BÖHM-BAWERK’S LETTERS TO J.B.CLARKE: A PRE-CAMBRIDGE CONTROVERSY IN THE THEORY OF CAPITAL, 9 THE FATE OF THE CAMBRIDGE CAPITAL CONTROVERSY, 10 KEYNES’S MACRO THEORY OF PROFITS, 11 PROFIT AND RENT IN A MODEL OF CAPITAL ACCUMULATION AND STRUCTURAL DYNAMICS, 12 UNEVEN DEVELOPMENT AND THE RATE OF PROFIT, 13 THE RATE-OF-RETURN DEBATE: AN AFTERGLOW, 14 THE SOCIAL ‘BURDEN’ OF HIGH INTEREST RATES, 15 MARX, KEYNES AND SRAFFA: CONFLICTING ATTITUDES TOWARDS POLITICAL ECONOMY, 16 ISOLATING SOURCES OF STERILITY IN MARX’S THEORETICAL PARADIGMS, 17 MR KEYNES AND THE ANTI-NEOCLASSICS, 18 KEYNES’S USE OF THE TERM ‘INVOLUNTARY UNEMPLOYMENT’: A HISTORICAL PERSPECTIVE, 19 THE GENERAL THEORY OF EMPLOYMENT, INTEREST AND MONEY AND PRICES, 20 KEYNES AND THE FINANCIAL MARKET PROCESSES IN HISTORICAL CONTEXT: FROM THE TREATISE TO THE GENERAL THEORY, 21 DID KEYNES REVERSE THE MARSHALLIAN SPEEDS OF ADJUSTMENT?: USING HARCOURT’S METHOD TO RESOLVE THEORETICAL CONTROVERSIES AND TO GAIN INSIGHT INTO THE REAL WORLD, 22 J.M.KEYNES ON THE WORKING CLASS, 23 KEYNES AND CHURCHILL, 24 COHERENCE IN POST-KEYNESIAN ECONOMICS, 25 NOTES ON THE HISTORY OF POST-KEYNESIAN ECONOMICS IN AUSTRALIA, 26 ROBERTSON AND THE POST-KEYNESIAN APPROACH TO GROWTH AND CYCLES, 27 POLITICAL ECONOMY, HOUSEHOLD ECONOMY AND THE PRICE OF LAND: TOWARDS A DECOLONIZATION OF ‘SOCIAL SCIENCE IMPERIALISM’, 28 THE NOBEL PRIZE IN ECONOMICS, 29 THE SPLIT LEGACY OF WILFRED SALTER, AUSTRALIAN ECONOMIST EXTRAORDINARY, 30 J.NEVILLE KEYNES: A DEDICATED VICTORIAN DON, 31 SMITHIAN FOUNDATIONS OF THE MARKET ECONOMY, 32 HISTORY VERSUS EQUILIBRIUM, 33 SHORT-PERIOD ECONOMICS IN RETROSPECT, 34 THE LIMITATIONS OF THE ECONOMIC POINT OF VIEW, 35 THOUGHTS INSPIRED BY READING AN ATYPICAL PAPER BY HARCOURT, 36 IN THE BEGINNING ALL THE WORLD WAS AUSTRALIA…, 37 HARCOURT AS A HISTORIAN OF ECONOMIC THOUGHT, 38 ECONOMICS AND SOCIAL CONSCIENCE: THE HARCOURT CASE, 39 ECONOMICS AND RELIGION, Geoff Harcourt: a bibliography, Index