Distribution and Growth after Keynes

A Post-Keynesian Guide

Inbunden, Engelska, 2014

AvEckhard Hein

3 669 kr

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This book offers an assessment of theories of distribution and growth after Keynes. It presents an overview of the main contributions with a particular focus on the development of post-Keynesian/Kaleckian models.In the first part of the book, Eckhard Hein presents a comprehensive overview of the main approaches towards distribution and growth including the contributions of Harrod and Domar, old and new neoclassical theories including the fundamental capital controversy critique, the post-Keynesian contributions of Kaldor, Pasinetti, Thirlwall and Robinson, and finally the approaches by Kalecki and Steindl. In the second part of the book neo- and post-Kaleckian models are gradually developed, introducing saving from wages, international trade, technological progress, interest and credit. Issues of ‘financialisation’ are also explored and empirical results related to the different models are presented. This unique book is designed for courses in distribution and growth in graduate programmes or at the advanced undergraduate level. It can also be used as supplementary reading for classes in macroeconomics. The book should also be of value for researchers interested in issues of distribution and growth.

Produktinformation

Utgivningsdatum2014-10-31
Mått156 x 234 x undefined mm
FormatInbunden
SpråkEngelska
FörlagEdward Elgar Publishing Ltd
ISBN9781783477289

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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.'