Markets, Unemployment and Economic Policy: Essays in Honour of Geoff Harcourt, Volume Two

by Arestis; Philip

• ISBN13: 9780415133906
• ISBN10: 0415133904
• Edition: 1st
• Format: Hardcover
• Copyright: 1997-02-25
• Publisher: Routledge

Summary

Geoff Harcourt has made substantial and wide-ranging contributions to economics in general and Post-Keynesian economics in particular. In these volumes more than 80 of the world's leading economists pay tribute to, and critically evaluate, his work. Markets,Unemployment and Economic Policyaddresses: the methodological foundations of economic analysis; the theoretical and empirical studies of alternative economic systems; and specific issues in economic policy including privatization and unemployment. Contributors include: Tony Atkinson, Tony Lawson, Edward Nell and Ian Steedman.

Table of Contents

List of Contributors
Foreword
Geoff Harcourt: A tribute by Richard Goodwin
Introduction
Horses for Courses	p. 1
Abstraction, Idealization and Economic Theory	p. 16
Markets, Madness and Many Middle Ways: Some reflections on the institutional diversity of capitalism	p. 30
Efficient Redistribution in a Globally Competitive Economy	p. 43
The Fears of Economists	p. 56
UK Privatization: Effects on households	p. 68
Inequity and Access to Private Education: An overlapping generations model with altruism	p. 80
The Accountant in a Turbulent Age: Accounting conventions and the failure of healthy companies	p. 91
The Economic Rate of Return and the Accountant	p. 97
Corporate Finance and Capital Accumulation	p. 109
How Free Should Trade Be Now?	p. 121
The Competitive Weaknesses of the UK Economy	p. 133
Post-Stalinist System Reform in China and Russia: Contrasts and implications	p. 150
Socialism: Goals and efficiency	p. 165
Understanding Effective Demand: Capitalism versus socialism	p. 178
The Effects of Changes in Aggregate Income Shares on Aggregate Demand	p. 195
Macroeconomics and the Distribution of Income	p. 207
Provisional Equilibrium and Macroeconomic Theory	p. 223
Equilibrium, Path Dependence and Hysteresis in Post-Keynesian Models	p. 238
Exploring 'The Original Kalecki Model T': Simplifications and generalizations	p. 254
The T-F-M Approach to Production Analysis and the Analysis of Structural Change	p. 265
Limits to Relative Price Movements	p. 284
The Myths of Free Banking	p. 290
Defining and Measuring Unemployment in the United Kingdom: Updating the recent controversy	p. 299
High Youth Wages Can Generate General and Persistent Unemployment	p. 315
Labour Markets and Competition as an Evolutionary Process	p. 328
The Labour Market of Fear	p. 344
Workers' Rights and Economic Flexibility	p. 354
Changes in the Notions of Unemployment and What That Means for the Poor	p. 364
Unemployment Prospects for Modern Capitalism	p. 377
The Stock Market and the Corporate Sector: A profit-based approach	p. 389
Expanding Employment in the Global Economy: The high road or the low road?	p. 405
What are the Constraints on the Pursuit of Keynesian Macroeconomic Policies?	p. 419
Post-Keynesian Economic Policies for 'World Prosperity'	p. 431
Corporate Restructuring in Europe and the Regulation of Competition	p. 443
When Workers Save Nothing and Capitalists Consume Everything: Was Kaldor right about why Latin America had such poor savings performance?	p. 461
Growth and Employment: An interpretation of some fundamental transformations in the OECD countries	p. 483
Economic Growth and the Balance-of-Payments Constraint Revisited	p. 498
Economic Policy in Post-Apartheid South Africa	p. 512
Geoff Harcourt: a bibliography	p. 526
Index	p. 535
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