[PDF] Growth Distribution And Effective Demand Alternatives To Economic Orthodoxy eBook

Author : George Argyrous
Publisher : Routledge
Page : 374 pages
File Size : 17,77 MB
Release : 2019-06-21
Category : Business & Economics
ISBN : 1317469348

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Growth, Distribution, and Effective Demand presents original essays on a variety of topics in theoretical and applied economics. The book honors the work of Edward J. Nell and develops interconnected themes that run through the modern Post-Keynesian tradition. The first part deals with the fundamental idea that economic growth is demand-driven, with special attention to policy ramifications. The second theme concerns the connection between economic growth and the structural characteristics of a market economy. These issues are closely linked to a critical tradition that calls into question key elements in orthodox economics. The final part of the book aims to buttress non-orthodox approaches to growth and distribution by critiquing particular aspects of the conventional theory, by elaborating neglected themes in non-orthodox theory, or by exploring some overlooked methodological ideas.

Author : Eckhard Hein
Publisher : Edward Elgar Publishing
Page : 280 pages
File Size : 25,83 MB
Release : 2007-01-01
Category : Business & Economics
ISBN : 9781847205438

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Money, Distribution and Economic Policy takes issue with the inappropriate treatment of money, effective demand and distribution issues in modern mainstream macroeconomics. It presents contributions which are critical of modern orthodoxy and which explore alternative approaches to macroeconomics and economic policy analysis. The contributors explore the following areas: the development of heterodox theory, the role of money in macroeconomics, the relationship between distribution and aggregate demand and, macroeconomic policy issues from a broader heterodox perspective. This study will appeal to scholars, researchers and postgraduate students of macroeconomics and economic policy, money and banking and post Keynesian economics.

Author : George Argyrous
Publisher : Routledge
Page : 414 pages
File Size : 37,67 MB
Release : 2019-06-21
Category : Business & Economics
ISBN : 131746933X

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Growth, Distribution, and Effective Demand presents original essays on a variety of topics in theoretical and applied economics. The book honors the work of Edward J. Nell and develops interconnected themes that run through the modern Post-Keynesian tradition. The first part deals with the fundamental idea that economic growth is demand-driven, with special attention to policy ramifications. The second theme concerns the connection between economic growth and the structural characteristics of a market economy. These issues are closely linked to a critical tradition that calls into question key elements in orthodox economics. The final part of the book aims to buttress non-orthodox approaches to growth and distribution by critiquing particular aspects of the conventional theory, by elaborating neglected themes in non-orthodox theory, or by exploring some overlooked methodological ideas.

Author : John Smithin
Publisher : Routledge
Page : 306 pages
File Size : 28,24 MB
Release : 2008-07-17
Category : Business & Economics
ISBN : 1134641869

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Mainstream neoclassical economics tells us that money is essentially a commodity, has no other social meanings or consequences, and (therefore) exists only as a medium of exchange to lubricate/facilitate barter. This book takes the view that money is definitively a social relation between private persons or legal persons. As such, it is one of

Author : H. Lydall
Publisher : Springer
Page : 195 pages
File Size : 17,57 MB
Release : 1998-02-09
Category : Business & Economics
ISBN : 0230379877

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Modern neoclassical economics is a theory of general equilibrium. It is based on highly unrealistic assumptions and yields a number of false predictions. The alternative model, presented in this book, uses a wider definition of technology, and emphasises the role of the entrepreneur as the primary agent of change. Because it takes time for firms to improve their technology, and to acquire the necessary finance for expansion, there are wide differences in firm sizes, and in their profitability. The competitive struggle to develop better technology raises the level of productivity of the whole economy, and leads to higher real incomes.

Author : John E. King
Publisher : Springer Science & Business Media
Page : 232 pages
File Size : 34,84 MB
Release : 2012-12-06
Category : Business & Economics
ISBN : 9400918100

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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.

Author : M. Lavoie
Publisher : Springer
Page : 165 pages
File Size : 11,24 MB
Release : 2007-06-15
Category : Business & Economics
ISBN : 0230626300

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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.