Post-Keynesian Essays from Down Under Volume I: Essays on Keynes, Harrod and Kalecki Theory and Policy in an Historical Context

by Halevi, Joseph; Harcourt, G.C.; Kriesler, Peter; Nevile, John

• ISBN13: 9781137475374
• ISBN10: 1137475374
• Format: Hardcover
• Copyright: 2015-11-27
• Publisher: Palgrave Macmillan

Summary

Joseph Halevi, Geoff Harcourt, Peter Kriesler and J. W. Nevile bring together a collection of their most influential papers on post-Keynesian thought. Their work stresses the importance of the underlying institutional framework, of the economy as a historical process and, therefore, of path determinacy. In addition, their essays suggest the ultimate goal of economics is as a tool to inform policy and make the world a better place, with better being defined by an overriding concern with social justice.
 
Volume I analyses the contributions of Keynes, Harrod and Kalecki.

Author Biography

Joseph Halevi was born 1946 in Haifa, then British Palestine. An Alama Mater University of Rome La Sapienza, he began teaching economics at the New School of Social Research in New York and later at Rutgers University. He has a permanent appointment at the University of Sydney. He was Visiting Professor at the University of Connecticut and regularly in France at the Universities of Grenoble, Nice and Amiens. He has authored many books and contributed to the first edition of The New Palgrave Dictionary of Economics in 1987 and co-edited Beyond the Steady State with Macmillan in 1992, among others.
 
Geoff C. Harcourt was born in Melbourne, Australia in 1931. He was a graduate of the Universities of Melbourne and Cambridge. He has worked mainly at Adelaide (1958 to 1985) and Cambridge (1964 to 1966; 1972 to 1973; 1980; 1982-2010). He is now Visiting Professorial Fellow at UNSW Australia. He has authored or edited 29 books and over 360 articles, notes, chapters in books and reviews. His books include Some Cambridge Controversies in the Theory of Capital (1972), The Structure of Post-Keynesian Economics (2006), (with Prue Kerr) Joan Robinson (2009) and (jointly edited with Peter Kriesler) The Oxford Handbook of Post-Keynesian Economics (2013).
 
Peter Kriesler currently teaches in the School of Economics at the University of New South Wales, Australia. He also organizes the Annual Australian Society of Heterodox Economists Conference, which is now in its fourteenth year. Peter's main publications are in the areas of history of economic thought, heterodox economics, the Australian economy, labour economics, and economic perspectives on human rights.
 
J. W. Neville is Emeritus Professor at the University of New South Wales, Australia. He has published extensively on fiscal policy, macroeconomic policy in general, economics and ethics, and the history of economic thought. He has served on a number of statutory authorities and government enquiries.

Table of Contents

List of Figures
List of Tables
Acknowledgements
Keynes
1. The enduring importance of the General Theory; Harcourt and Kriesler
2. The General Theory after sixty years: history or economic laws?; Halevi
3. Notes on Keynes' aggregate supply curve; Nevile
4. What Keynes would have thought of the development of IS-LM; Nevile
5. IS-LM in macroeconomics after Keynes; Kriesler and Nevile
6. Keynes, Kalecki and the General Theory; Kriesler
7. Michal Kalecki on capitalism; Kriesler and Bruce McFarlane
8. Kalecki and modern capitalism; Halevi
9. Kalecki's pricing theory revisited; Kriesler
10. Microfoundations: a Kaleckian perspective; Kriesler
11. Kalecki, classical economics and the surplus approach; Halevi and Kriesler
12. Kalecki's conception of the economic cycle and state intervention; Halevi
13. Was Kalecki an 'imperfectionist'? Davidson on Kalecki; Kriesler
14. Answers for Steedman; Kriesler
15. Reply to Steedman; Kriesler
16. On the limitations of fiscal policy: a radical Kaleckian view; Halevi and Kriesler
17. The influence of Michal Kalecki on Joan Robinson's approach to economics; Harcourt and Kriesler
18. Michal Kalecki and Rosa Luxemburg on Marx's schemes of reproduction: two incisive interpreters of capitalism; Harcourt and Kriesler
19. The contemporary significance of Baran and Sweezy's notion of monopolistic capitalism; Halevi
20. Dynamic Keynesian economics: cycling forward with Harrod and Kalecki; Kriesler and Nevile
21. The mathematical formulation of Harrod's growth model; Nevile
22. The stability of warranted growth; Nevile
23. A reply to Dr. Inada; Nevile
24. Expectations, lags and particular parameter values in Harrod's dynamics; Nevile
25. Accumulation and structural disequilibrium; Halevi