method, theory and policy in keynes

Edited by Philip Arestis, University Director of Research, Cambridge Centre for Economic and Public Policy, Department of Land Economy, University of Cambridge and Fellow, Wolfson College, UK

• Contents: Introduction (P. Arestis) 1. Davidson, Non-Ergodicity and Individuals (J.B. Davis) 2. Social Relations, Social Reproduction and Stylised Facts (T. Lawson) 3. Rhetoric, Paradigms, and the Relevance of the Aggregate Production Function (J. McCombie) 4. Keynes in Retrospect (R. Clower) 5. Consumption and Investment when Bankruptcy is not a Fate worse than Death (M.J. Gordon, S. P. Sethi) 6. Marx, Keynes, and Class War in America (W.C. Peterson) 7. Why Wage and Price Flexibility is Destabilising (B. Moore) 8. On Sticky Prices: A Post Keynesian Perspective (R. Rotheim) 9. Some Considerations on the Economics and Politics of the EU and the Maastricht Treaty (K.W. Rothschild) 10. The International Oil Market: Structural Changes and Stabilization Policies (A. Roncaglia) 11. Financial Liberalisation: Myth or Reality (P. Arestis, P. Demetriades) P. Davidson: Bibliography Index

'The editor has skillfully included the discussion of policy issues in a manner that the reader is allowed to discuss the topical issues from the point of view of different perspectives on the basis of their respective methodological foundations. The book is a methodologist's delight, and at the same time the focus is on understanding methodological foundations, which is tantamount to understanding crucial dimensions of economic processes.'