Download or read book Kalecki s Principle of Increasing Risk and Keynesian Economics written by Tracy Mott and published by Routledge. This book was released on 2009-09-10 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: Kalecki was one of an important generation of Cambridge economists. Here, Tracy Mott's impressive book examines the relationship of Kalecki's economics to different economic areas and its relationship to major alternative schools, such as Keynes and Marx. Mott looks at Kalecki's 'principle of increasing risk' and how it gives the way in which the reproduction and expansion of wealth can bring a coherent unity to economic analysis. In so doing, it makes sense out of the fundamental conclusions of Keynesian economics on the underemployment of labour and capital.
Download or read book Kalecki s Principle of Increasing Risk written by Tracy Mott and published by . This book was released on 1982 with total page 406 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Essays in the Theory of Economic Fluctuations written by M. Kalecki and published by Routledge. This book was released on 2013-10-08 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: These essays, though formally independent, nevertheless constitute a whole, each one preparing the way for the succeeding chapter.
Download or read book Introduction to Post Keynesian Economics written by M. Lavoie and published by Springer. This book was released on 2007-06-15 with total page 165 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book shows how the realistic foundations and stylized facts of Post-Keynesian economics give rise to macroeconomic implications that are different from those of received wisdom with regards to employment, output growth, inflation and monetary theory, and offers an alternative to neoclassical economics and its free-market economic policies.
Download or read book The Structure of Post Keynesian Economics written by G. C. Harcourt and published by Cambridge University Press. This book was released on 2006-10-12 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a major contribution to post-Keynesian thought. With studies of the key pioneers - Keynes himself, Kalecki, Kahn, Goodwin, Kaldor, Joan Robinson, Sraffa and Pasinetti - G. C. Harcourt emphasizes their positive contributions to theories of distribution, pricing, accumulation, endogenous money and growth. The propositions of earlier chapters are brought together in an integrated narrative and interpretation of the major episodes in advanced capitalist economics in the post-war period, leading to a discussion of the relevance of post-Keynesian ideas to both our understanding of economics and to policy-making. The appendices include biographical sketches of the pioneers and analysis of the conceptual core of their discontent with orthodox theories. Drawing on the author's experience of teaching and researching over fifty years, this book will appeal to undergraduate and graduate students interested in alternative approaches to theoretical, applied and policy issues in economics, as well as to teachers and researchers in economics.
Download or read book The Principle of Increasing Risk and Investment written by Tamotsu Nakamura and published by . This book was released on 2000 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Collected Works of Michal Kalecki Volume I Capitalism Business Cycles and Full Employment written by Michal Kalecki and published by Oxford University Press. This book was released on 1990-10-04 with total page 642 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first of seven volumes in a definitive edition of the works of Michal Kalecki, who is one of the most distinguished economists of this century. The works will be of interest for the controversial light which they shed on the ideas expounded by John Maynard Keynes, since Kalecki arguably arrived at these conclusions even earlier than Keynes. This volume documents the confrontation between the two economists. It also charts Kalecki's development of a theory of full employment, including his early theoretical writings, and some of his less famous works.
Download or read book Kalecki s Economics Today written by Zdzislaw Sadowski and published by Routledge. This book was released on 2003-11-27 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: Michael Kalecki was a Polish economist who independently discovered many of the key concepts of what is now identified as Keynesian theory. His contribution to macroeconomics was late in being acknowledged, but his work can be seen to have resounding influence on some of today's economic problems. The analyses presented in this book serve to scruti
Download or read book Kalecki s Economics Today written by Zdzislaw Sadowski and published by Routledge. This book was released on 2003-11-27 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt: Michael Kalecki is thought by many to be the true standard bearer of theories of mixed economy, and it can be argued that John Maynard Keynes stole his crown undeservedly. Kaleckian ideas are becoming more and more influential.
Download or read book Theories of Financial Disturbance written by Jan Toporowski and published by Edward Elgar Publishing. This book was released on 2005 with total page 203 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book will be of interest to advanced students looking for an even-handed overview of alternative theories of financial disturbances; academics who need a reference on the historical interrelationships of the literature in the field; and professionals who want to understand how the tools and concepts they use daily have emerged through time and whether there are forgotten lessons to be heeded. Susan K. Schroeder, Review of Political Economy Financial markets have an aura of disturbing instability. In this history of the thought of earlier economists who have studied the processes of finance, Jan Toporowski takes us on a fascinating journey to explore how they saw the impact of finance on the real economy. Not one for formal models, nor for rational expectations, Jan [Toporowski] values historical experience and the insights and experience of earlier great thinkers. Charles A.E. Goodhart, CBE, London School of Economics and Political Science, UK Jan Toporowski s Theories of Financial Disturbance is a tour de force. With his substantial knowledge of financial markets, his deep conceptual understanding of relevant concepts and his exhaustive reading of the essential literature, he is ideally placed to tell an absorbing narrative of, as he writes, critical theories of finance from Adam Smith to the present days and he has. In a world in which finance and industrial and commercial capital are so out of kilter with one another, Toporowski s lucid wisdom is required reading. G.C. Harcourt, University of Cambridge, Jesus College, Cambridge, UK and University of Adelaide, Australia Theories of Financial Disturbance examines how the operations of market-driven finance may initiate and transmit disturbances to the economy at large, by looking in detail at how various economists envisaged such disturbances occurring. This book is more than just a study in the history of economic thought it illustrates how economic debate focuses upon financial disturbance at times of financial instability, and then conveniently discards critical views when such instability recedes. Jan Toporowski looks at the development of critical theories from the views of Adam Smith and François Quesnay, and their reflection in recent new Keynesian ideas of Joseph Stiglitz and Ben Bernanke, through credit cycles in Alfred Marshall and Ralph Hawtrey, to the financial theories of Thorstein Veblen and Irving Fisher. Also studied are the theories of John Kenneth Galbraith, Michal Kalecki, John Maynard Keynes, Charles Kindleberger, Rosa Luxemburg, Hyman P. Minsky, Robert Shiller and Josef Steindl. Not least among the original features of this book are a discussion of Quesnay s attitude towards interest, and a chapter devoted to the work of the Polish monetary economist Marek Breit, whose work inspired Kalecki. Jan Toporowski s fascinating work will find its audience in academics of finance and financial economics, bankers, financiers and policy makers concerned with financial stability as well as anyone looking for arguments on the imperfect functioning of finance.
Download or read book Credit and Crisis from Marx to Minsky written by Jan Toporowski and published by Edward Elgar Publishing. This book was released on 2020-09-25 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: This timely book studies the economic theories of credit cycles and disturbances in the 20th century, presenting a nuanced view of the role of finance in the economy after the financial crash of 2008. Focusing on the work of economists from Marx onwards, Jan Toporowski moves beyond conventional monetary theory to offer an insightful critical alternative to current financial macroeconomics.
Download or read book Distribution and Growth after Keynes written by Eckhard Hein and published by Edward Elgar Publishing. This book was released on 2014-10-31 with total page 566 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 co
Download or read book The General Theory written by G. C. Harcourt and published by Routledge. This book was released on 2005-06-27 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: This second volume contains essays which relate to developments in Keynes' scholarship and theorizing in the years since his death and demonstrates the ongoing validity of the Keynesian tradition.
Download or read book Complexity Endogenous Money and Macroeconomic Theory written by Mark Setterfield and published by Edward Elgar Publishing. This book was released on 2006-01-01 with total page 437 pages. Available in PDF, EPUB and Kindle. Book excerpt: That the chapters in the volume cover such a wide range of important, often fundamental, topics is a proper tribute to Basil Moore s influence and contributions over his working life. From the foreword by G.C. Harcourt, Jesus College, Cambridge, UK During a distinguished career, Basil Moore has made numerous important contributions to macroeconomics and monetary economics, and is renowned as the progenitor of the horizontalist analysis of endogenous money. More recently, he has embraced complexity theory as part of an ongoing effort to understand macroeconomics as an evolving, path-dependent process. This book celebrates and explores Basil Moore s interests in and contributions to monetary and macroeconomic theory. Complexity, Endogenous Money and Macroeconomic Theory features original essays by internationally acclaimed and expert authors. It comprises a selection of papers on five distinct but interrelated themes: economic concepts, tools and methodology; complexity, uncertainty and path dependence; the macroeconomics of endogenous money; the macroeconomics of exogenous interest rates; and unemployment, inflation and the determination of aggregate income. These papers combine to provide a comprehensive methodological and theoretical discussion of the macroeconomics of a monetary production economy. The book will be of interest to professionals and research students in the fields of macroeconomics and monetary economics especially those with an interest in the Post Keynesian approach to analyzing these fields, including the wide audience that has been reached by the contributions of Basil Moore himself.
Download or read book Post Keynesian Economics written by Lavoie, Marc and published by Edward Elgar Publishing. This book was released on 2022-05-13 with total page 744 pages. Available in PDF, EPUB and Kindle. Book excerpt: This visionary Research Handbook presents the state of the art in research on policy design. By conceiving policy design both as a theoretical and a methodological framework, it provides scholars and practitioners with guidance on understanding policy problems and devising accurate solutions.
Download or read book The Encyclopedia of Central Banking written by Louis-Philippe Rochon and published by Edward Elgar Publishing. This book was released on 2015-02-27 with total page 541 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Encyclopedia of Central Banking, co-edited by Louis-Philippe Rochon and Sergio Rossi, contains some 250 entries written by over 200 economists on topics related to monetary macroeconomics, central bank theory and policy, and the history of monetary
Download or read book Structural Slumps written by Edmund S. Phelps and published by Harvard University Press. This book was released on 1994 with total page 444 pages. Available in PDF, EPUB and Kindle. Book excerpt: Dissatisfied with the explanations of the business cycle provided by the Keynesian, monetarist, New Keynesian, and real business cycle schools, Edmund Phelps has developed from various existing strands-some modern and some classical--a radically different theory to account for the long periods of unemployment that have dogged the economies of the United States and Western Europe since the early 1970s. Phelps sees secular shifts and long swings of the unemployment rate as structural in nature. That is, they are typically the result of movements in the natural rate of unemployment (to which the equilibrium path is always tending) rather than of long-persisting deviations around a natural rate itself impervious to changing structure. What has been lacking is a "structuralist" theory of how the natural rate is disturbed by real demand and supply shocks, foreign and domestic, and the adjustments they set in motion. To study the determination of the natural rate path, Phelps constructs three stylized general equilibrium models, each one built around a distinct kind of asset in which firms invest and which is important for the hiring decision. An element of these models is the modern economics of the labor market whereby firms, in seeking to dampen their employees' propensities to quit and shirk, drive wages above market-clearing levels-the phenomenon of the "incentive wage"--and so generate involuntary unemployment in labor-market equilibrium. Another element is the capital market, where interest rates are disturbed by demand and supply shocks such as shifts in profitability, thrift, productivity, and the rate of technical progress and population increase. A general-equilibrium analysis shows how various real shocks, operating through interest rates upon the demand for employees and through the propensity to quit and shirk upon the incentive wage, act upon the natural rate (and thus equilibrium path). In an econometric and historical section, the new theory of economic activity is submitted to certain empirical tests against global postwar data. In the final section the author draws from the theory some suggestions for government policy measures that would best serve to combat structural slumps.
