Hardback
Post Keynesian Economics
Key Debates and Contending Perspectives
9781803922225 Edward Elgar Publishing
This erudite book offers an extensive overview of the most important debates taking place amongst Post Keynesian economists, acknowledging the vital contribution Post Keynesians have made to theoretical and policy discourse in the 21st century. Bringing together distinguished experts from across the globe, Post Keynesian Economics: Key Debates and Contending Perspectives discusses the profound questions of heterodox economic theory and their far-reaching implications for economic policy.
More Information
Critical Acclaim
Contributors
Contents
More Information
This erudite book offers an extensive overview of the key debates taking place amongst Post Keynesian economists, acknowledging the vital contribution Post Keynesian scholarship has made to theoretical and policy discourse in the 21st century.
Bringing together distinguished experts from across the globe, Post Keynesian Economics: Key Debates and Contending Perspectives discusses the profound questions of heterodox economic theory and the far-reaching implications for economic policy. Chapters consider the relationship between Post Keynesianism and other schools of heterodox economics; modern monetary theory and its links to Post Keynesian economics; as well as exploring issues of gender, race, climate change, and the growth of inequality in the distribution of income and wealth. In a time of global financial and political uncertainty, this book presents alternative views on monetary theory and policy, providing a much-needed antidote to ongoing economic debates.
This book will be of great interest to students, academics and researchers focussing on heterodox economics, Post Keynesian economics, and the history of economic thought. Highlighting the critical relationships between finance, politics and sociology, this book will also be beneficial to academics and researchers interested in sociology, politics and political science.
Bringing together distinguished experts from across the globe, Post Keynesian Economics: Key Debates and Contending Perspectives discusses the profound questions of heterodox economic theory and the far-reaching implications for economic policy. Chapters consider the relationship between Post Keynesianism and other schools of heterodox economics; modern monetary theory and its links to Post Keynesian economics; as well as exploring issues of gender, race, climate change, and the growth of inequality in the distribution of income and wealth. In a time of global financial and political uncertainty, this book presents alternative views on monetary theory and policy, providing a much-needed antidote to ongoing economic debates.
This book will be of great interest to students, academics and researchers focussing on heterodox economics, Post Keynesian economics, and the history of economic thought. Highlighting the critical relationships between finance, politics and sociology, this book will also be beneficial to academics and researchers interested in sociology, politics and political science.
Critical Acclaim
‘The editors and authors of this excellent volume are to be applauded for putting together highly timely contributions that apply a traditional Keynes-Kalecki perspective to the most pressing socio-economic problems of the 21st century. In doing so, the authors shed light on potential pathways out of the permanent and manifold capitalist crises that coin current economic developments.’
– Jakob Kapeller, University Duisburg-Essen, Germany
‘Post Keynesian Economics: Key Debates and Contending Perspectives, edited by Therese Jefferson and John E. King, contains some stimulating contributions to current economic and economic policy debates. It provides important alternative views to the orthodoxy on pressing issues, such as inequality, racial and gender stratification, the COVID crisis, the ecological crisis, and macroeconomic and other policies to address them.’
– Eckhard Hein, Berlin School of Economics and Law, Germany
– Jakob Kapeller, University Duisburg-Essen, Germany
‘Post Keynesian Economics: Key Debates and Contending Perspectives, edited by Therese Jefferson and John E. King, contains some stimulating contributions to current economic and economic policy debates. It provides important alternative views to the orthodoxy on pressing issues, such as inequality, racial and gender stratification, the COVID crisis, the ecological crisis, and macroeconomic and other policies to address them.’
– Eckhard Hein, Berlin School of Economics and Law, Germany
Contributors
Contributors include: Philip Armstrong, Riccardo Bellofiore, Jonathan M. Harris, Neil Hart, Therese Jefferson, John E King, Peter Kriesler, Marc Lavoie, Melanie G. Long, Neil Perry, Steven Pressman, Louis-Philippe Rochon, Malcolm Sawyer, Giovanna Vertova
Contents
Contents:
1 Introduction to Post Keynesian Economics 1
Therese Jefferson and John E. King
2 On the compatibility of post-Keynesian, Sraffian and
evolutionary economics 14
Neil Hart and Peter Kriesler
3 Credit, money, and production: post-Keynesian economics
and the circuit traditions 29
Louis-Philippe Rochon
4 The contribution of modern monetary theory to heterodox
economics 48
Philip Armstrong
5 Modern Monetary Theory: the good, the bad and the ugly 72
Marc Lavoie
6 Identity, risk, and financial capitalism: a post Keynesian
research agenda on racial and gender stratification in the U.S. 90
Melanie G. Long
7 The Green New Deal in a Kaleckian model of growth and
distribution 111
Neil Perry
8 The Green New Deal: economic analysis and practical policy 131
Jonathan M. Harris
9 Macroeconomic theory and policy in the capitalism of
“permanent catastrophe” 146
Riccardo Bellofiore and Giovanna Vertova
10 Lessons from COVID-19: UK experience 167
Malcolm Sawyer
11 Inequality after Piketty 191
John E. King
12 Piketty, Post Keynesian economics and income distribution 207
Steven Pressman
13 Concluding thoughts to Post Keynesian Economics 226
Therese Jefferson and John E. King
1 Introduction to Post Keynesian Economics 1
Therese Jefferson and John E. King
2 On the compatibility of post-Keynesian, Sraffian and
evolutionary economics 14
Neil Hart and Peter Kriesler
3 Credit, money, and production: post-Keynesian economics
and the circuit traditions 29
Louis-Philippe Rochon
4 The contribution of modern monetary theory to heterodox
economics 48
Philip Armstrong
5 Modern Monetary Theory: the good, the bad and the ugly 72
Marc Lavoie
6 Identity, risk, and financial capitalism: a post Keynesian
research agenda on racial and gender stratification in the U.S. 90
Melanie G. Long
7 The Green New Deal in a Kaleckian model of growth and
distribution 111
Neil Perry
8 The Green New Deal: economic analysis and practical policy 131
Jonathan M. Harris
9 Macroeconomic theory and policy in the capitalism of
“permanent catastrophe” 146
Riccardo Bellofiore and Giovanna Vertova
10 Lessons from COVID-19: UK experience 167
Malcolm Sawyer
11 Inequality after Piketty 191
John E. King
12 Piketty, Post Keynesian economics and income distribution 207
Steven Pressman
13 Concluding thoughts to Post Keynesian Economics 226
Therese Jefferson and John E. King