Distribution and Growth after Keynes

Eckhard Hein, Professor of Economics, Institute for International Political Economy, Berlin School of Economics and Law, Germany

• Contents: 1. Introduction 2. From Keynes to Domar and Harrod: Considering the Capacity Effect of Investment and an Attempt at Dynamic Theory 3. Neoclassical DIstribution and Growth Theory: Old and New – and a Critique 4. Post-Keynesian Distribution and Growth Theories I: Kaldor, Pasinetti, Thirlwall and Robinson 5. Post-Keynesian Distribution and Growth Theories II: Kalecki and Steindl 6. The Basic Kaleckian Distribution and Growth Models 7. Extending Kaleckian Models I: Saving out of Wages and Open Economy Issues 8. Extending Kaleckian Models II: Technical Progress 9. Extending Kaleckian Models III: Interest and Credit 10. Extending Kaleckian Models IV: Finance-dominated Capitalism 11. The Kaleckian Models and Classical, Marxian and Harrodian Critique 12. Conclusions Appendix References Index

‘Eckhard Hein's book is a great accomplishment in that it is a long comprehensive, and somewhat technical treatment, and yet at the same time an entertaining read. At 576 pages, Distribution and Growth after Keynes: A Post-Keynesian Guide reviews growth theory contributions ranging from the classical economists to new growth theory to Michael Kalecki, with many stops in between. Despite this encyclopedic coverage, however, it is not an encyclopedia. Rather, it is a critical review with the ultimate aim of developing a model that can explain current real-world developments.'