An Alternative Macroeconomic Theory: The Kaleckian Model and Post-Keynesian Economics

An Alternative Macroeconomic Theory: The Kaleckian Model and Post-Keynesian Economics PDF Author: John E. King
Publisher: Springer Science & Business Media
ISBN: 9400918100
Category : Business & Economics
Languages : en
Pages : 232

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Book Description
lE. King Michael Kalecki (1899-1970) was one of the most important, and also one of the most underrated, economists of the twentieth century. In the 1930s he made a series of fundamental contributions to macroeconomic theory which anticipated, complemented and in some ways surpassed those of Keynes. Almost entirely self-educated in economics, and influenced rul much by Marxism as by mainstream theory, Kalecki very largely escaped the fatal embrace of pre-Keynesian orthodoxy, which blunted the thrust of the General Theory. Many Post Keynesians, in particular, have found in his work the elements of a convincing alternative to what Joan Robinson -Kalecki's greatest advocate in the English-speaking world - was scathingly to describe as 'bastard Keynesianism' . But Kalecki was never interested in theory for its own sake. He approached economics from a practical perspective, wrote extensively on applied and policy questions, and in the [mal decades of his life turned his attention increasingly to problems of economic development and the management of state socialist economies.

An Alternative Macroeconomic Theory: The Kaleckian Model and Post-Keynesian Economics

An Alternative Macroeconomic Theory: The Kaleckian Model and Post-Keynesian Economics PDF Author: John E. King
Publisher: Springer Science & Business Media
ISBN: 9400918100
Category : Business & Economics
Languages : en
Pages : 232

Get Book Here

Book Description
lE. King Michael Kalecki (1899-1970) was one of the most important, and also one of the most underrated, economists of the twentieth century. In the 1930s he made a series of fundamental contributions to macroeconomic theory which anticipated, complemented and in some ways surpassed those of Keynes. Almost entirely self-educated in economics, and influenced rul much by Marxism as by mainstream theory, Kalecki very largely escaped the fatal embrace of pre-Keynesian orthodoxy, which blunted the thrust of the General Theory. Many Post Keynesians, in particular, have found in his work the elements of a convincing alternative to what Joan Robinson -Kalecki's greatest advocate in the English-speaking world - was scathingly to describe as 'bastard Keynesianism' . But Kalecki was never interested in theory for its own sake. He approached economics from a practical perspective, wrote extensively on applied and policy questions, and in the [mal decades of his life turned his attention increasingly to problems of economic development and the management of state socialist economies.

An Alternative Macroeconomic Theory

An Alternative Macroeconomic Theory PDF Author: John E King
Publisher:
ISBN: 9789400918115
Category :
Languages : en
Pages : 240

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Book Description


Alternative Approaches in Macroeconomics

Alternative Approaches in Macroeconomics PDF Author: Philip Arestis
Publisher: Springer
ISBN: 3319696769
Category : Business & Economics
Languages : en
Pages : 373

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Book Description
This book honours Professor John McCombie’s retirement by exploring a variety of themes, theories and debates in non-orthodox macroeconomics. With contributions from leading scholars, the book covers diverse ground in economic thought, policy, empirical work and modelling. It demonstrates ongoing presumptions and asks probing questions of topical questions from the increase of income equality to the international variation of productivity investment. This collection will appeal to academics and students with an interest in the history of macroeconomic thinking.

Macroeconomic Theory and Its Failings

Macroeconomic Theory and Its Failings PDF Author: Steven Kates
Publisher: Edward Elgar Publishing
ISBN: 1849803390
Category : Business & Economics
Languages : en
Pages : 305

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Book Description
This innovative book focuses on the current global financial crisis and the inadequacies of the economic theories being used to guide policy. In so doing, it tackles the economic theories that have been used firstly to understand its causes and thereafter to contain the damage it has brought.

Dynamic Macroeconomic Theory

Dynamic Macroeconomic Theory PDF Author: Thomas J. Sargent
Publisher: Harvard University Press
ISBN: 9780674043084
Category : Business & Economics
Languages : en
Pages : 392

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Book Description
The tasks of macroeconomics are to interpret observations on economic aggregates in terms of the motivations and constraints of economic agents and to predict the consequences of alternative hypothetical ways of administering government economic policy. General equilibrium models form a convenient context for analyzing such alternative government policies. In the past ten years, the strengths of general equilibrium models and the corresponding deficiencies of Keynesian and monetarist models of the 1960s have induced macroeconomists to begin applying general equilibrium models. This book describes some general equilibrium models that are dynamic, that have been built to help interpret time-series of observations of economic aggregates and to predict the consequences of alternative government interventions. The first part of the book describes dynamic programming, search theory, and real dynamic capital pricing models. Among the applications are stochastic optimal growth models, matching models, arbitrage pricing theories, and theories of interest rates, stock prices, and options. The remaining parts of the book are devoted to issues in monetary theory; currency-in-utility-function models, cash-in-advance models, Townsend turnpike models, and overlapping generations models are all used to study a set of common issues. By putting these models to work on concrete problems in exercises offered throughout the text, Sargent provides insights into the strengths and weaknesses of these models of money. An appendix on functional analysis shows the unity that underlies the mathematics used in disparate areas of rational expectations economics. This book on dynamic equilibrium macroeconomics is suitable for graduate-level courses; a companion book, Exercises in Dynamic Macroeconomic Theory, provides answers to the exercises and is also available from Harvard University Press.

Alternative Approaches to Economic Theory

Alternative Approaches to Economic Theory PDF Author: Victor A. Beker
Publisher: Routledge
ISBN: 042966723X
Category : Business & Economics
Languages : en
Pages : 234

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Book Description
The 2007–2008 financial crisis exposed the shortcomings of mainstream economic theory with economists unprepared to deal with it. In the face of this, a major rethinking of economics seems necessary and in presenting alternative approaches to economic theory, this book contributes to the rebuilding of the discipline. This volume brings together contributions from different perspectives and theoretical approaches that address the challenge of updating the economic theory corpus and seek to recover prestige for this discipline after the failure of neoclassical economics. It addresses a range of topics, including the complexity approach to economics, category theory, the Post-Keynesian approach to micro and macroeconomics, financialisation, multidimensional analysis and ecological economics. The book is aimed at economics scholars, researchers, academics and practitioners, as well as upper undergraduates and graduates in this area of knowledge. It may also be of interest for people interested in methodological issues in economics and the relationship between economic theory and the real world.

Macroeconomic Theory

Macroeconomic Theory PDF Author: Gary Mongiovi
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 280

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Book Description
By exploring a few central issues in different ways, this text works through some lively theoretical controversies and establishes a genuine basis for communication between alternative traditions in macroeconomics.

Handbook of Alternative Theories of Economic Development

Handbook of Alternative Theories of Economic Development PDF Author: Erik S. Reinert
Publisher: Edward Elgar Publishing
ISBN: 1782544682
Category : Business & Economics
Languages : en
Pages : 849

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Book Description
The Handbook of Alternative Theories of Economic Development explores the theories and approaches which, over a prolonged period of time, have existed as viable alternatives to today’s mainstream and neo-classical tenets. With a total of 40 specially commissioned chapters, written by the foremost authorities in their respective fields, this volume represents a landmark in the field of economic development. It elucidates the richness of the alternative and sometimes misunderstood ideas which, in different historical contexts, have proved to be vital to the improvement of the human condition. The subject matter is approached from several complementary perspectives. From a historical angle, the Handbook charts the mercantilist and cameralist theories that emerged from the Renaissance and developed further during the Enlightenment. From a geographical angle, it includes chapters on African, Chinese, Indian, and Muslim approaches to economic development. Different schools are also explored and discussed including nineteenth century US development theory, Marxist, Schumpeterian, Latin American structuralism, regulation theory and world systems theories of development. In addition, the Handbook has chapters on important events and institutions including The League of Nations, The Havana Charter, and UNCTAD, as well as on particularly influential development economists. Contemporary topics such as the role of finance, feminism, the agrarian issue, and ecology and the environment are also covered in depth. This comprehensive Handbook offers an unrivalled review and analysis of alternative and heterodox theories of economic development. It should be read by all serious scholars, teachers and students of development studies, and indeed anyone interested in alternatives to development orthodoxy.

Macroeconomic Theory and Macroeconomic Pedagogy

Macroeconomic Theory and Macroeconomic Pedagogy PDF Author: G. Fontana
Publisher: Springer
ISBN: 023029166X
Category : Business & Economics
Languages : en
Pages : 356

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Book Description
This book aims to showcase and advance recent debates over the extent to which undergraduate macroeconomics teaching models adequately reflect the latest developments in the field. It contains 16 essays on topics including the 3-equation New Consensus model, extensions and alternatives to this model, and endogenous money and finance.

Alternatives to Economic Orthodoxy

Alternatives to Economic Orthodoxy PDF Author: Randy Albelda
Publisher: Routledge
ISBN: 131549423X
Category : Business & Economics
Languages : en
Pages : 380

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Book Description
Exploring the question of whether China's peasantry was a revolutionary force, this volume pays particular attention to the first half of the 20th century, when peasant-based conflict was central to nationwide revolutionary processes. It traces key themes of social conflict and peasant resistance.