Description
Book SynopsisThis 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.
Trade Review‘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
Table of ContentsContents: 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
