The late Robert A. Blecker, formerly Professor of Economics, American University, Washington, DC and Mark Setterfield, New School for Social Research, New York, US

• Contents: Preface 1. Introduction: Competing theories of production, growth and distribution Part I Core models of growth and distribution 2. Classical-Marxian models 3. Neo-Keynesian models 4. Neo-Kaleckian models Part II Extended models of distributional conflict and cyclical dynamics 5. Distributional conflict, aggregate demand and neo-Goodwin cycles 6. Neo-Harrodian models and the Harrodian instability debate 7. New directions: Wage inequality, rentier income, financial dynamics and supermultiplier models Part III Kaldorian approaches: Export-led growth and the balance-of-payments constraint 8. Export-led growth and cumulative causation 9. Balance-of-payments-constrained growth I: Thirlwall’s law and extensions 10. Balance of payments constrained growth II: Critiques, alternatives and syntheses References Index

‘Heterodox Macroeconomics: Models of Demand, Distribution, and Growth by Robert A. Blecker and Mark Setterfield is a significant contribution to the field, offering an in-depth and accessible overview of non-neoclassical growth theory. [...] This book not only serves as a thorough introduction to heterodox macroeconomics but also opens the door to further critical discussions. Blecker and Setterfield have delivered an essential reference for anyone interested in understanding alternative approaches to growth and distribution, and their work will undoubtedly foster ongoing research in the field.’

The late Robert A. Blecker, formerly Professor of Economics, American University, Washington, DC and Mark Setterfield, New School for Social Research, New York, US

• Contents: Preface 1. Introduction: Competing theories of production, growth and distribution Part I Core models of growth and distribution 2. Classical-Marxian models 3. Neo-Keynesian models 4. Neo-Kaleckian models Part II Extended models of distributional conflict and cyclical dynamics 5. Distributional conflict, aggregate demand and neo-Goodwin cycles 6. Neo-Harrodian models and the Harrodian instability debate 7. New directions: Wage inequality, rentier income, financial dynamics and supermultiplier models Part III Kaldorian approaches: Export-led growth and the balance-of-payments constraint 8. Export-led growth and cumulative causation 9. Balance-of-payments-constrained growth I: Thirlwall’s law and extensions 10. Balance of payments constrained growth II: Critiques, alternatives and syntheses References Index

‘Heterodox Macroeconomics: Models of Demand, Distribution, and Growth by Robert A. Blecker and Mark Setterfield is a significant contribution to the field, offering an in-depth and accessible overview of non-neoclassical growth theory. [...] This book not only serves as a thorough introduction to heterodox macroeconomics but also opens the door to further critical discussions. Blecker and Setterfield have delivered an essential reference for anyone interested in understanding alternative approaches to growth and distribution, and their work will undoubtedly foster ongoing research in the field.’

The late Robert A. Blecker, formerly Professor of Economics, American University, Washington, DC and Mark Setterfield, New School for Social Research, New York, US

• Contents: Preface 1. Introduction: Competing theories of production, growth and distribution Part I Core models of growth and distribution 2. Classical-Marxian models 3. Neo-Keynesian models 4. Neo-Kaleckian models Part II Extended models of distributional conflict and cyclical dynamics 5. Distributional conflict, aggregate demand and neo-Goodwin cycles 6. Neo-Harrodian models and the Harrodian instability debate 7. New directions: Wage inequality, rentier income, financial dynamics and supermultiplier models Part III Kaldorian approaches: Export-led growth and the balance-of-payments constraint 8. Export-led growth and cumulative causation 9. Balance-of-payments-constrained growth I: Thirlwall’s law and extensions 10. Balance of payments constrained growth II: Critiques, alternatives and syntheses References Index

‘Heterodox Macroeconomics: Models of Demand, Distribution, and Growth by Robert A. Blecker and Mark Setterfield is a significant contribution to the field, offering an in-depth and accessible overview of non-neoclassical growth theory. [...] This book not only serves as a thorough introduction to heterodox macroeconomics but also opens the door to further critical discussions. Blecker and Setterfield have delivered an essential reference for anyone interested in understanding alternative approaches to growth and distribution, and their work will undoubtedly foster ongoing research in the field.’