Evolution of the Market Process

Michel Bellet is Professor of Economics at the University Jean Monnet of Saint-Etienne, France. Sandye Gloria-Palermo is Professor of Economics at the University of the French West-Indies, Guadeloupe. Abdallah Zouache is Associate Professor at the University Jean Monnet of Saint-Etienne, France.

• Preface PART I The meeting of Austrian and Swedish economics 1 The metamorphoses of neoclassical economics 2 Swedish influences, Austrian advances: the contributions of the Swedish and Austrian Schools to market process theory PART II The Stockholm School 3 How did the great Swedish economists consider their role in public debate? The views of Knut Wicksell, Gustav Cassel, Eli Heckscher, Bertil Ohlin and Gunnar Myrdal 4 Gunnar Myrdal and the Stockholm School PART III Money and the business cycle 5 Wicksell on technical change, real wages and employment 6 The loose link: Hayek, Lindahl and Myrdal on money 7 Capital and business cycles: when Lundberg meets Hayek and Keynes 8 Monetary regimes and international co-ordination: what Hayek said and what Wicksell would have said about them PART IV Capital theory 9 Austrian production processes and firms 10 The ‘Wicksell connection’ and the Austrian theory of capital: which connections? 11 To what extent is the Austrian theory of capital Austrian? Böhm-Bawerk and Hicks reconsidered PART V Expectations and money 12 Hayek and Lindahl on disequilibrium dynamics 13 Lundberg and Lachmann on expectations 14 Have the Swedish and the Austrian Schools influenced the French School? PART VI Methodology 15 Hayek’s and Myrdal’s stance on economic planning 16 Hayek with Descartes and Durkheim: reason and the individual